Latest Mergers and acquisitions News
FCC chairman backs T-Mobile-Sprint deal in key endorsement
NEW YORK (AP) — A key federal regulator says he backs T-Mobile's $26.5 billion takeover of rival wireless carrier Sprint, a crucial step for the deal's approval. Federal Communications Commission Chairman Ajit Pai said Monday he supported the deal because the two companies promised to expand mobile...
Sam Adams' Boston Beer buys Dogfish Head for $300 million
MILTON, Del. (AP) — Delaware-based craft beer company Dogfish Head Brewery is being acquired by the Boston-based brewer of Sam Adams beer in a $300 million cash and stock deal. The Boston Beer Company announced Thursday that it had entered into definitive agreements to acquire all of the equity interests...
Schick owner buys Harry's in new shaving war alliance
NEW YORK (AP) — If you can't beat them, join them. The owner of Schick razors is acquiring upstart shaving company Harry's for $1.37 billion, continuing a trend of consolidation in the shaving industry, where established brands have struggled with the rise of digital-savvy newcomers. About 79% of the deal...
Marathon Petroleum combines midstream operations for $9B
FINDLAY, Ohio (AP) — Marathon Petroleum Corp. is merging two of its oil and gas pipeline, transportation and storage operations for $9 billion. MPLX and Andeavor Logistics are both master limited partnerships majority owned by Marathon, which raised the possibility that it might combine the two late last...
Report: Trump in 1985-94 claimed $1.17 billion business loss
WASHINGTON (AP) — The New York Times reported Tuesday that Donald Trump's businesses lost more than $1 billion from 1985 to 1994, based on tax information the newspaper acquired. The Times said it has acquired printouts from the future president's official IRS tax transcripts, including figures from his...
World's biggest beer maker looks to list shares in Asia
BRUSSELS (AP) — AB Inbev, the world's biggest brewer and the owner of brands like Bud and Stella Artois, is considering listing some of the shares of its Asian business on the Hong Kong stock exchange. The company, which is based in the Belgian town of Leuven, said Tuesday that the move would lower its...
Lord & Taylor may be put on the block soon
NEW YORK (AP) — Lord & Taylor, one of the country's oldest department stores, may be put up for sale. Hudson's Bay, which owns Lord & Taylor and Saks Fifth Avenue, said Monday that it hired a financial adviser to review Lord & Taylor's business and that the process may lead to a sale or merger....
Axiata, Telenor in merger talks to create telecoms giant
KUALA LUMPUR, Malaysia (AP) — Malaysia's Axiata Group Berhad said Monday it is in talks with Norway's Telenor ASA to merge their Asian operations to create one of the world's top telecommunications giants with some 300 million customers in nine countries. Axiata said in a statement that Telenor is expected...
Berkshire Hathaway investors worry about life after Buffett
OMAHA, Neb. (AP) — Tens of thousands of Berkshire Hathaway shareholders return to Omaha every year to learn from Warren Buffett and celebrate the company he built through acquisitions and investments. But with the 88-year-old Buffett and 95-year-old Charlie Munger leading the company, it's hard for...
The Latest: Warren Buffett says invest in what you know
OMAHA, Neb. (AP) — The Latest on Berkshire Hathaway's annual shareholders meeting where CEO Warren Buffett and Vice Chairman Charlie Munger answer questions for hours (all times local): 3:15 p.m. Billionaire Warren Buffett says investors should all stick to areas they know when they are deciding what...
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