Latest Mergers and acquisitions News

Alaska Native nonprofit acquires bison herd

Sep. 23, 2018 3:06 PM EDT

KODIAK, Alaska (AP) — An Alaska Native nonprofit recently acquired a herd of bison as part of its grand plan for economic development. The Old Harbor Alliance — a nonprofit organization made up of local Old Harbor residents, members of the Alutiiq Tribe of Old Harbor and shareholders and descendants...

Prospective owner, operator of Navajo coal plant end pursuit

Sep. 20, 2018 9:43 PM EDT

FLAGSTAFF, Ariz. (AP) — Two companies that were negotiating to take over a coal-fired power plant on the Arizona-Utah line ended the effort Thursday, saying the challenges were too great. The Navajo Generating Station near Page is one of the largest coal plants in the western United States. It was set to...

Fox-Comcast battle to buy Sky to be settled by auction in UK

Sep. 20, 2018 2:40 PM EDT

LONDON (AP) — Comcast and 21st Century Fox will settle their battle for control of broadcaster Sky through a rare auction designed to put an end to months of offers and counteroffers from the American media empires seeking a foothold in the European pay TV market. The auction will begin after the London...

Tyson Foods CEO to step down for 'personal reasons'

Sep. 17, 2018 6:18 PM EDT

SPRINGDALE, Ark. (AP) — Tyson Foods, one of the largest meat producers in the world, announced Monday that its president and CEO Tom Hayes will step down at the end of September for "personal reasons." Tyson's board of directors said its group president of beef, pork and international divisions Noel White...

2 regional business groups to merge in North Carolina

Sep. 14, 2018 8:15 AM EDT

CHARLOTTE, N.C. (AP) — Two major North Carolina business groups are merging to promote economic development and job growth in their region. The Charlotte Observer reports the Charlotte Chamber and Charlotte Regional Partnership said in a Thursday statement they'll begin operating as a combined organization...

Eldorado gets temporary OK to own Tropicana casino

Sep. 12, 2018 7:01 PM EDT

ATLANTIC CITY, N.J. (AP) — Eldorado Resorts was given temporary approval to own Atlantic City's Tropicana casino, expressing optimism about a growing market rather than nervousness over increasing competition. The Reno, Nevada-based company is taking over the Atlantic City as part of a $1.85 billion...

Germany's 2 main department store chains set to merge

Sep. 11, 2018 4:49 AM EDT

BERLIN (AP) — Germany's two main department store chains are set to merge in a deal under which Canada-based Hudson's Bay Co. will form a joint venture with Austria's Signa. The deal announced Tuesday will bring together Karstadt, owned by Signa, and Kaufhof, owned by HBC. It also includes HBC Europe's...

The Latest: Moonves ouster could make CBS takeover target

Sep. 10, 2018 11:15 PM EDT

NEW YORK (AP) — The Latest on the ouster of CBS chief Les Moonves (all times local): 3:25 p.m. The resignation of longtime CBS chief Les Moonves won't likely lead to drastic changes in network programs, but it could make the company ripe for a takeover. Moonves was ousted on Sunday, just hours after the...

After Moonves, CBS takeover possible in new media landscape

Sep. 10, 2018 9:06 PM EDT

NEW YORK (AP) — The resignation of longtime CBS chief Les Moonves won't likely lead to drastic changes in network programs, but a related deal could make the company ripe for a takeover as traditional media companies compete with upstarts such as Netflix and Amazon. Moonves was ousted Sunday, just hours...

Bayer officials vague on lawsuit strategy, despite liability

Sep. 8, 2018 1:06 AM EDT

It's been nearly three weeks since the merger between Bayer AG and Monsanto officially began its integration, about two months since the deal closed and nearly two years since the planned deal was announced. Despite that, newly appointed Bayer officials are vague on how they plan to handle the mountain of...