Latest Mergers and acquisitions News

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,...

FILE - This file combination of 2019-2020 photos shows Amazon CEO Jeff Bezos, Apple CEO Tim Cook, Google CEO Sundar Pichai and Facebook CEO Mark Zuckerberg. In a report issued Tuesday, Oct. 6, 2020, Democratic lawmakers called for Congress to rein in Big Tech, possibly forcing Facebook, Google, Amazon and Apple to sever their dominant platforms from their other lines of business and imposing new uniformity on the terms they offer users. (AP Photo/Pablo Martinez Monsivais, Evan Vucci, Jeff Chiu, Jens Meyer, File)

Democrats call for Congress to rein in, break up Big Tech

Oct. 6, 2020 8:12 PM EDT

WASHINGTON (AP) — Democratic lawmakers are calling for Congress to rein in Big Tech, possibly forcing Facebook, Google, Amazon and Apple to break up their businesses, while making it harder for them to acquire others and imposing new rules to safeguard competition. The proposals in a report issued Tuesday...

Charles Schwab completes its $22B purchase of TD Ameritrade

Oct. 6, 2020 2:01 PM EDT

OMAHA, Neb. (AP) — Charles Schwab has completed its roughly $22 billion acquisition of rival broker TD Ameritrade. The companies said the deal was completed Tuesday although it will take another 18 to 36 months to integrate the two firms. The deal was announced last November — not long after both...

Reyes Beer Division acquiring Indiana-based Monarch Beverage

Oct. 6, 2020 12:16 PM EDT

INDIANAPOLIS (AP) — The nation's largest beer distributor, Reyes Beer Division, plans to acquire Indianapolis-based Monarch Beverage Co., which has long been Indiana's largest beer distributor. The Rosemont, Illinois-based company announced Monday that the transaction involving Monarch Beverage is...

EPCOR to buy embattled Johnson Utilities company in Arizona

Oct. 6, 2020 11:26 AM EDT

PHOENIX (AP) — EPCOR USA has reached an agreement to buy the embattled Johnson Utilities water and wastewater company known for its history of sewer overflows and water issues in Arizona. EPCOR USA, which owns smaller water companies statewide, is now managing Johnson Utilities despite protests in 2018...