Latest Mergers and acquisitions News

Sprint exec messages suggest T-Mobile deal may boost prices

Dec. 9, 2019 6:32 PM EST

NEW YORK (AP) — Messages by a Sprint executive revealed in federal court suggested he thought an acquisition by T-Mobile might push up mobile-service prices for consumers, undercutting T-Mobile's argument that its deal will benefit Americans. The text messages, presented by attorneys for a coalition of...

Ex-investment banker sentenced to 2 years in prison

Dec. 3, 2019 7:52 PM EST

NEW YORK (AP) — A former investment banker sentenced to two years in prison Tuesday for insider trading says fledging companies looking for advice still trust him with their secrets. Sean Stewart made the comment before U.S. District Judge Jed Rakoff announced the sentence in Manhattan. The Yale-educated...

Man City owners expand worldwide portfolio with Mumbai deal

Nov. 28, 2019 6:16 AM EST

MANCHESTER, England (AP) — Manchester City’s Abu Dhabi ownership has expanded its portfolio of worldwide soccer clubs to eight by buying a majority stake in Indian Super League team Mumbai City FC. City Football Group, of which English champion Man City is the flagship team, says it has acquired 65%...

Tiffany is latest jewel for French luxury group LVMH’s crown

Nov. 25, 2019 4:05 PM EST

PARIS (AP) — French luxury group LVMH has agreed to buy New York jeweler Tiffany & Co. for $16.2 billion, adding a famed star to its portfolio that already boasts Louis Vuitton, Christian Dior and Bulgari. LVMH said in a statement Monday it will take over the 182-year old Tiffany and its 300 boutiques...

This stock trade isn’t free: Schwab scoops up rival for $26B

Nov. 25, 2019 3:48 PM EST

NEW YORK (AP) — Charles Schwab is buying rival TD Ameritrade in a $26 billion stock swap, a blockbuster agreement brought about by massive disruption in the online brokerage industry. Bowing to competitive pressure, brokerages have made it free for customers to trade U.S. stocks online. A combination of...

Mitsubishi, Chubu to take over Dutch energy giant Eneco

Nov. 25, 2019 5:26 AM EST

THE HAGUE, Netherlands (AP) — Dutch energy company Eneco says it has agreed to a proposed 4.1 billion-euro ($4.5 billion) takeover by Japanese corporations Mitsubishi and Chubu. Eneco said in a statement Monday that Mitsubishi will fund 80% of the deal and Chubu the remaining 20%. The company, which is...

GateHouse, Gannett join, become largest US newspaper chain

Nov. 19, 2019 5:25 PM EST

NEW YORK (AP) — GateHouse closed its $1.1 billion takeover of USA Today publisher Gannett, becoming the country’s largest newspaper company by far and pledging significant cost cuts at a time when print publications are in precipitous decline. The merger brings together about 260 daily papers,...

Federal Reserve, FDIC approve merger of BB&T, SunTrust banks

Nov. 19, 2019 5:21 PM EST

NEW YORK (AP) — The Federal Reserve and the Federal Deposit Insurance Corp. on Tuesday approved the $66 billion merger between BB&T and SunTrust, clearing the last hurdles in creating the sixth-largest bank in the U.S. The combination of BB&T Corp., which is based in Winston-Salem, North Carolina,...

HP rejects takeover offer from Xerox

Nov. 17, 2019 9:28 PM EST

HP Inc. says its board has rejected a roughly $33.5 billion takeover offer from Xerox. The Palo Alto, California-based company said Sunday that the cash and stock deal undervalues its business and its board cited concerns about “outsized” debt levels should the companies combine. HP, which makes...

Shareholders OK GateHouse’s $1.4B acquisition of Gannett

Nov. 14, 2019 2:54 PM EST

NEW YORK (AP) — Two of the largest U.S. newspaper companies are set to combine after shareholders approved GateHouse Media’s $1.4 billion acquisition of Gannett. New York-based New Media Investment Group, which owns GateHouse, announced in August its plan to buy USA Today owner Gannett. The deal...