Latest Mergers and acquisitions News

Cubs get catcher Maldonado from Royals for LHP Montgomery

Jul. 16, 2019 2:31 AM EDT

CHICAGO (AP) — With their All-Star catcher sidelined, the Chicago Cubs quickly found some experienced help behind the plate. The NL Central leaders acquired Martín Maldonado in a trade with Kansas City on Monday night that sent left-hander Mike Montgomery to the Royals. Cubs president of baseball...

Fox 2000 chief joins Sony after being jettisoned by Disney

Jul. 15, 2019 3:34 PM EDT

NEW YORK (AP) — Elizabeth Gabler, whose Fox 2000 produced acclaimed literary adaptations like "Life of Pi" and "Hidden Figures" before being axed in the aftermath of the Walt Disney Co. acquisition, has found a new home at Sony Pictures. Sony on Monday announced a new production deal with the former Fox...

Deutsche Bank cuts mark end to failed bid for global scale

Jul. 8, 2019 3:02 PM EDT

BERLIN (AP) — The radical and painful restructuring of Germany's Deutsche Bank, which is cutting 18,000 jobs, is the end of a long, failed attempt to compete with the global investment banking giants that left it overextended. The bank plan unveiled Sunday aims to go "back to our roots" by refocusing on...

Principal closes deal to buy Wells Fargo retirement business

Jul. 1, 2019 12:08 PM EDT

DES MOINES, Iowa (AP) — Principal Financial Group says it has closed its purchase of the Wells Fargo's Institutional Retirement & Trust business. Principal said Monday it is beginning the integration of the Wells Fargo's 401k, pension, executive deferred compensation, employee stock ownership plans and...

Dubai's DP World acquires oil shipping firm Topaz for $1.1B

Jul. 1, 2019 8:44 AM EDT

DUBAI, United Arab Emirates (AP) — International port operator DP World has acquired a major oil and gas marine logistics provider for nearly $1.1 billion. Dubai-based DP World announced on Monday that it had acquired 100% of Topaz from the Oman-listed Renaissance Services, furthering the port operator's...

Protesters briefly halt San Francisco Gay Pride Parade

Jun. 30, 2019 8:24 PM EDT

SAN FRANCISCO (AP) — Police say a group of protesters opposed to what they say the corporate takeover of gay pride parades halted the San Francisco Pride Parade for about an hour. About 11:05 a.m. Sunday, the protesters blocked the parade at Market Street near 6th Street. Police say the protesters broke...

Another life for Petersburg pharmaceutical plant

Jun. 30, 2019 9:01 AM EDT

PETERSBURG, Va. (AP) — Five years after it was idled, a pharmaceutical ingredients factory in Petersburg is once again at work. Petersburg city officials hope that AMPAC Fine Chemicals' reinvestment in the former Boehringer Ingelheim chemicals factory on Normandy Drive will not only create hundreds of...

United Airlines to drop one of last vestiges of Continental

Jun. 27, 2019 5:03 PM EDT

CHICAGO (AP) — The Chicago-based parent company of United Airlines is changing its name and shedding a bit more of its Houston connections. The company said Thursday it will change from United Continental Holdings Inc. to United Airlines Holdings Inc. beginning Friday. The new name drops all reference to...

Eastman Chemical to buy Spanish ecofriendly yarn producer

Jun. 20, 2019 5:09 AM EDT

KINGSPORT, Tenn. (AP) — Eastman Chemical Company says it will buy a Spanish producer of ecofriendly yarn. The Kingsport-headquartered company announced Wednesday that it has entered a definitive agreement to acquire Industrias del Acetato de Celulosa S.A., which creates cellulosic fibers that are extracted...

Chicago investment firm takes majority stake in Whataburger

Jun. 14, 2019 2:20 PM EDT

SAN ANTONIO (AP) — An investment firm has purchased a majority stake in Whataburger as the Texas-based fast-food company seeks to expand in an increasingly competitive market. Whataburger announced Friday that the purchase by Chicago-based BDT Capital Partners should be finalized by the end of the summer...