Latest Mergers and acquisitions News
Friedman's Series: Built Rays, then left to build Dodgers
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
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...
Saudi's National Commercial Bank buys Samba in $14.8B deal
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...
M&A roars back from pandemic slowdown
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...
Democrats call for Congress to rein in, break up Big Tech
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...
Walmart to sell UK chain Asda in $8.8 billion deal
LONDON (AP) — Retail giant Walmart has agreed to sell its British chain of supermarkets, Asda, to the investors behind an international group of gas stations and food shops in a deal that values the company at 6.8 billion pounds ($8.8 billion). Brothers Mohsin and Zuber Issa, along with investors TDR...
Court upholds decision to prevent Wyoming coal merger
GILLETTE, Wyo. (AP) — A federal court said it would uphold a Federal Trade Commission decision to block a proposed merger between two leading Wyoming coal companies. The FTC had said a merger between Peabody Energy Corp. and Arch Resources Inc. would have created a monopoly that could have resulted in...
LVMH files countersuit against Tiffany over $16.2 B deal
NEW YORK (AP) — Luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE has filed a countersuit against Tiffany over their ruined merger deal, noting conditions necessary to close the $16.2 billion acquisition of the jewelry chain have not been met. It also noted in a statement that the...
Cleveland-Cliffs buys ArcelorMittal's US business for $1.4b
CLEVELAND (AP) — Cleveland-Cliffs is making its second billion-dollar acquisition in less than a year with the purchase of steel maker ArcelorMittal's U.S. business for about $1.4 billion in cash and stock. About a third of the deal will be an up front cash payment of about $505 million, the companies said...
Czechs to acquire Israeli air defense system in $400M deal
PRAGUE (AP) — The Czech Republic wants to buy a new air defense system for its military from the Israeli government, the defense ministry said on Friday. The Czechs want to acquire the SPYDER system, which is made by the Israeli state-run company Rafael Advanced Defense Systems Ltd. and is capable of...
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