Latest Mergers and acquisitions News

Delivery food fight: Just Eat rejects another takeover offer

Oct. 22, 2019 6:56 AM EDT

LONDON (AP) — Food delivery company Just Eat has rejected a takeover offer from South Africa's Prosus, saying that the 4.9 billion-pound ($6.2 billion) cash offer "significantly undervalues" it. Prosus N.V., which is owned by South African internet retail group Naspers, has now raised its takeover offer...

NASCAR closes $2B purchase of International Speedway Corp.

Oct. 18, 2019 2:10 PM EDT

DAYTONA BEACH, Fla. (AP) — NASCAR closed its $2 billion purchase of International Speedway Corp. on Friday, bringing under the sanctioning body's control 12 tracks that include Daytona, Talladega and Miami-Homestead Speedway. The merger was announced in May and shareholders voted to approve it on...

The FCC approves T-Mobile-Sprint deal in party-line vote

Oct. 16, 2019 3:14 PM EDT

The Federal Communications Commission has approved the $26.5 billion combination of Sprint and T-Mobile on a 3-2 party-line vote. The wireless merger still faces opposition from a coalition of state attorneys general, who argue the deal is bad for competition. The companies won't merge while litigation persists....

Uber to acquire food delivery service Cornershop

Oct. 11, 2019 12:54 PM EDT

Ride-hailing service Uber is acquiring Cornershop as it tries to gain a foothold in the Latin American grocery delivery business. Financial details of the deal were not disclosed. San Francisco-based Uber, whose $5.24 billion loss last quarter was its largest ever, has been expanding its offerings to include food...

Hood: Deal should bring Mississippi better internet service

Oct. 9, 2019 6:58 PM EDT

JACKSON, Miss. (AP) — Mississippi Attorney General Jim Hood says the state will settle its part of a lawsuit that opposed the merger of cellphone companies T-Mobile and Sprint. Fourteen states and the District of Columbia have been part of the lawsuit. The merger awaits final federal approval. Hood said...

National retailer buys Maine-based sporting goods company

Oct. 9, 2019 12:06 PM EDT

WESTBROOK, Maine (AP) — A national retailer has acquired a Maine-based sporting goods company. JackRabbit, an active lifestyle brand, announced the deal with Olympia Sports on Tuesday. Olympia Sports President Ed Manganello founded the company 43 years ago at the Maine Mall in South Portland. According to...

MedMen's ends blockbuster deal adding to cannabis stock woes

Oct. 8, 2019 9:05 PM EDT

LOS ANGELES (AP) — Marijuana stocks have come down hard from their highs a year ago, and the skid isn't just spooking investors. On Tuesday, MedMen Enterprises Inc., which sells legal cannabis in California and 11 other states, backed out of a blockbuster deal to buy PharmaCann, a Chicago-based marijuana...

Hong Kong stock exchange drops bid to buy London exchange

Oct. 8, 2019 6:52 AM EDT

HONG KONG (AP) — The Hong Kong stock exchange on Tuesday dropped its bid to buy its London counterpart after the European exchange rejected the surprise offer. Hong Kong Exchanges and Clearing Ltd. said it was "unable to engage" with managers of the London Stock Exchange Group. That followed the London...

Banker who tipped off dad convicted anew of insider trading

Sep. 23, 2019 4:24 PM EDT

NEW YORK (AP) — An investment banker whose insider trading conviction was overturned by an appeals court was convicted again at a second trial Monday by a jury that reached a speedy verdict. The Yale-educated Sean Stewart, 38, of North Merrick, was convicted of charges including securities fraud and...

Barron Hilton, hotel magnate and AFL founder, dies at 91

Sep. 21, 2019 5:59 PM EDT

LOS ANGELES (AP) — Barron Hilton, a hotel magnate who expanded his father's chain and became a founding owner in the American Football League, died Thursday at his Los Angeles home. He was 91. Hilton's family said he died of natural causes. He transformed Hilton into the industry's top brand during his 30...