Latest Mergers and acquisitions News

FILE - In this Nov. 25, 2019 file photo, people walk past a Tiffany jeweler shop on the Champs Elysees avenue in Paris. LVMH and Tiffany have worked through their differences, with the famous jewelry company agreeing to be purchased by the luxury goods company for slightly less than what they initially agreed on. (AP Photo/Michel Euler, File)

Largest luxury deal back on, Tiffany agrees to lower price

Oct. 29, 2020 10:46 AM EDT

NEW YORK (AP) — The largest deal in luxury is back on after New York's famed jeweler Tiffany agreed to a slightly reduced offering price from LVMH in Paris. LVMH will now pay $131.50 for each Tiffany share putting the total price tag at $15.8 billion, down from the $16.2 billion that was first offered...

FILE - In this Wednesday, Dec.18, 2019 file photo, he logo of the French car maker Peugeot is pictured in Paris. Fiat Chrysler and PSA Peugeot on Wednesday, Oct. 28, 2020 confirmed progress toward their full merger to create the globe’s fourth-largest carmaker, with completion expected by the end of March 2021.  (AP Photo/Thibault Camus, file)

Carmakers FCA and PSA confirm progress toward full merger

Oct. 28, 2020 8:03 AM EDT

MILAN (AP) — Fiat Chrysler and PSA Peugeot on Wednesday confirmed progress toward their full merger to create the globe’s fourth-largest carmaker, with completion expected by the end of March 2021. The merger of the Italian-American car company with its French rival, agreed last year, is aimed at...

FILE - In this Jan. 20, 2011, file photo, AMD chips are displayed at the Micro Center computer store in Santa Clara, Calif. AMD is buying processing platform developer Xilinx in an all-stock deal valued at $35 billion. (AP Photo/Paul Sakuma, File)

As world goes online in pandemic, another mammoth chip deal

Oct. 27, 2020 12:01 PM EDT

SAN JOSE, Calif. (AP) — Advanced Micro Devices is buying Xilinx for $35 billion in an all-stock deal that will combine the two Silicon Valley chip makers and accelerate an already rapid-fire pace of mergers and buyouts in the industry. The deal announced Tuesday puts AMD in a place it wants to be;...

Sanford Health, Intermountain agree to merge organizations

Oct. 26, 2020 12:53 PM EDT

SIOUX FALLS, S.D. (AP) — Sanford Health and Intermountain Healthcare said Monday they plan to merge companies. If the deal is approved, it would unite Salt Lake City-based Intermountain with operations in Utah, Nevada and Idaho, with Sioux Falls-based Sanford, which operates in 24 states. The combined...

FILE - This May 20, 2012, file photo, shows one of the major transmission lines that runs to the west of Albuquerque, N.M. The parent company of New Mexico’s largest electric utility will become part of energy giant Iberdrola’s global holdings under a multibillion-dollar merger.  Under the agreement announced Wednesday, Oct. 21, 2020, Iberdrola's majority-owned U.S. subsidiary Avangrid will acquire PNM Resources and its assets in New Mexico and Texas. The merger will require approval from a number of state and federal regulators in a process that's expected to take the next 12 months. (AP Photo/Susan Montoya Bryan, File)

Renewable energy giant to buy New Mexico's largest utility

Oct. 21, 2020 3:15 PM EDT

ALBUQUERQUE, N.M. (AP) — The parent company of New Mexico’s largest electric utility will become part of energy giant Iberdrola’s global holdings under a multibillion-dollar merger. Under the agreement announced Wednesday, Iberdrola's majority-owned U.S. subsidiary Avangrid will acquire PNM...

Los Angeles Dodgers President of Baseball Operations Andrew Friedman celebrate with the trophy after winning Game 7 of a baseball National League Championship Series against the Atlanta Braves Sunday, Oct. 18, 2020, in Arlington, Texas. (AP Photo/Tony Gutierrez)

Friedman's Series: Built Rays, then left to build Dodgers

Oct. 20, 2020 5:42 PM EDT

ARLINGTON, Texas (AP) — Andrew Friedman isn’t quite torn. The Dodgers’ president of baseball operations since October 2014, he helped build Los Angeles into a power that reached the World Series for the third time in four seasons. He had been Tampa Bay’s executive vice president of...

Buyer of Japan's Takata looks at possible seatbelt faults

Oct. 18, 2020 6:12 AM EDT

DETROIT (AP) — The company that took over Japan’s Takata Corp. following a scandal over faulty airbags is looking into whether the company failed to provide accurate test data on seatbelts supplied to automakers. Chinese-owned Joyson Safety Systems, in Auburn Hills, Michigan, said it was reviewing...

FILE - In this June 15, 2015, file photo, a Saudi man walks through the Tadawul stock exchange in Riyadh, Saudi Arabia. Saudi Arabia's National Commercial Bank said Sunday, Oct. 11, 2020, it will purchase rival lender Samba Financial Group in a deal valued at $14.8 billion, creating what would become the kingdom's largest bank. (AP Photo/Hasan Jamali, File)

Saudi's National Commercial Bank buys Samba in $14.8B deal

Oct. 11, 2020 11:25 AM EDT

DUBAI, United Arab Emirates (AP) — Saudi Arabia's National Commercial Bank said Sunday it will purchase rival lender Samba Financial Group in a deal valued at $14.8 billion, creating what would become the kingdom's largest bank. The bank will control some $223 billion in assets and a market capitalization...

A police car patrols in front of the New York Stock Exchange, Wednesday, Oct. 7, 2020.  Companies retreated from deal-making as the virus pandemic stunned the global economy, but the urge to shop is roaring back. Merger and acquisition deals hit $1 trillion during the third quarter, marking an 80% surge from a dismal second quarter.   (AP Photo/Mark Lennihan)

M&A roars back from pandemic slowdown

Oct. 8, 2020 10:10 AM EDT

Companies that retreated from corporate deal-making after the virus pandemic struck are now roaring back because of pent-up demand and a clearer view of how the disease is impacting their business. Chipmaker Nvidia's buyout of Arm Ltd. was the biggest merger and acquisition by a U.S. company during the third...

Companies interested in buying Coal Creek power station

Oct. 7, 2020 11:12 AM EDT

At least two companies are interested in acquiring the McLean County power plant and the transmission line that runs to Minnesota, according to the director of the North Dakota Transmission Authority. The current owner, Great River Energy, intends to close Coal Creek Station in 2022 unless a buyer can be found,...