Latest Mergers and acquisitions News

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...

Schlitterbahn, Cedar Fair enter $261M water park sale deal

Jun. 13, 2019 4:57 PM EDT

AUSTIN, Texas (AP) — A Texas-based water park company on Thursday announced an agreement to sell two of its attractions and will also give the buyer the right to acquire its Kansas site where a 10-year-old boy was killed nearly three years ago. Schlitterbahn said in a news release it sold a water park and...

Immortals adds OpTic parent in historic $100M esports deal

Jun. 12, 2019 10:17 PM EDT

Immortals Gaming Company has acquired Infinite Esports in what is believed to be the competitive video gaming industry's first $100 million deal. IGC announced the agreement Wednesday, expanding its stable of esports teams by purchasing the parent company for OpTic Gaming. OpTic's franchises include teams in the...

Walmart eliminates dedicated president role for Jet.com unit

Jun. 12, 2019 6:13 PM EDT

NEW YORK (AP) — Walmart is eliminating the position of president at its Jet.com subsidiary, which it acquired in 2016, as it further merges the rest of its team with its namesake online operations. As part of the changes, Jet.com's president, Simon Belsham will leave in August. Strategy and management of...

France's Dassault to acquire Medidata for $5.8 billion

Jun. 12, 2019 4:50 AM EDT

French software company Dassault Systems says it will buy U.S.-based Medidata Solutions for $5.8 billion in cash. Dassault said Wednesday that it was offering of $92.25 for each share of Medidata, slightly less than its $94.75 closing price on Tuesday. Medidata shares dipped about 4% in premarket trading. New...

Dallas Cowboys owner Jerry Jones' company buying energy firm

Jun. 11, 2019 3:18 PM EDT

FRISCO, Texas (AP) — An oil and gas company controlled by Dallas Cowboys owner Jerry Jones has reached an agreement to buy Covey Park Energy in a $2.2 billion cash and stock deal. Frisco-based Comstock and Covey Park, with headquarters in Dallas, announced the agreement on Monday. A statement from both...

Private equity firm buying Shutterfly for $1.74 billion

Jun. 10, 2019 8:06 PM EDT

SAN FRANCISCO (AP) — Private equity firm Apollo Global Management is buying online photo publishing company Shutterfly for $51 per share. Apollo will pay $1.74 billion for the 20-year-old company, which became popular offering its users prints and photobooks of their favorite shots. But demand for that...

United Technologies' departure another blow to Connecticut

Jun. 10, 2019 5:45 PM EDT

FARMINGTON, Conn. (AP) — Announcing a merger that will see United Technologies Corp. move its headquarters to the Boston area from the state it has called home for nine decades, the chief executive offered assurances Monday that the new company will have a presence in Connecticut "for years to come." But...

Hudson's Bay executive leads bid to take retailer private

Jun. 10, 2019 12:21 PM EDT

NEW YORK (AP) — A group of shareholders of Saks Fifth Avenue's parent has made a cash offer to take the struggling department store chain private. The offer, announced Monday, is being led by Hudson's Bay Executive Chairman Richard Baker, Rhone Capital LLC, WeWork Property Advisors, Hanover Investment SA...