Latest Mergers and acquisitions News
Stakeholder in Trump's Truth Social parent company wins court ruling over share transfer
DOVER, Del. (AP) — A federal judge in Delaware has ruled in favor of a firm seeking assurance that it will be able to sell its minority stake in the parent company of former president Donald Trump’s Truth Social platform. The judge on Friday granted summary judgment to...
CEOs of Albertsons and Kroger says shoppers would see lower prices after merger
PORTLAND, Ore. (AP) — The chief executive officers of Kroger and Albertsons insisted Wednesday — under questioning from the federal government — that merging would allow the two supermarket companies to lower prices and more effectively compete with retail giants like Walmart, Costco and...
White House signaling it will likely stop Nippon Steel's plans to buy US Steel
WASHINGTON (AP) — The White House is signaling an openness to blocking the acquisition of U.S. Steel by Nippon Steel, as a government review of the proposed takeover by the Japanese company is on the cusp of ending. The Washington Post reported Wednesday that President Joe Biden...
UK competition watchdog clears Microsoft's hiring of AI startup's core staff
LONDON (AP) — British regulators on Wednesday cleared Microsoft's hiring of key staff from startup Inflection AI, saying the deal wouldn't stifle competition in the country's artificial intelligence market. The Competition and Markets Authority had opened a preliminary...
Hedge fund Elliott Investment Management steps up pressure on Southwest Airlines' management
DALLAS (AP) — Elliott Investment Management, a hedge fund urging Southwest Airlines to dump its CEO and chairman, said Tuesday it has acquired enough of the company's stock to call a special meeting of shareholders. The move gives Elliott, the Paul Singer-led investment fund, more...
Phibro: Fiscal Q4 Earnings Snapshot
TEANECK, N.J. (AP) — TEANECK, N.J. (AP) — Phibro Animal Health Corp. (PAHC) on Wednesday reported fiscal fourth-quarter earnings of $752,000. On a per-share basis, the Teaneck, New Jersey-based company said it had profit of 2 cents. Earnings, adjusted for non-recurring costs and...
Stock market today: Dow Jones Industrial Average inches up to another record high in mixed trading
Wall Street notched another record high Tuesday, even as major stock indexes barely budged after a listless day of trading. The Dow Jones Industrial Average rose 9 points, or less than 0.1%, which was good enough for its second all-time high in two days. The index is on an eight-day...
How major US stock indexes fared Tuesday, 8/27/2024
The Dow Jones Industrial Average inched up to another record high on a mixed day of trading for Wall Street. The Dow eked out a gain of 9 points, or less than 0.1%. The S&P 500 rose 0.2%, and the Nasdaq composite rose 0.2%. The parent company of the Paramount...
Edgar Bronfman Jr. withdraws offer for Paramount, allowing Skydance merger to go ahead
NEW YORK (AP) — The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer. Bronfman, executive chairman of streaming service Fubo, told Paramount's special committee of directors Monday night...
Kroger and Albertsons defend merger plan in federal court against US regulators' objections
PORTLAND, Ore. (AP) — Supermarket chain Albertsons told a federal judge Monday that it might have to lay off workers, close stores and even exit some markets if its planned merger with Kroger isn't allowed to proceed. The two companies proposed what would be the largest supermarket...
