Latest Mergers and acquisitions News
A trial deciding if JetBlue can buy Spirit — and further consolidate the industry — nears its end
BOSTON (AP) — A lawyer for JetBlue Airways said Tuesday that the biggest U.S. airlines are using their size to cement their dominance in a post-pandemic world, making it critical that a federal judge allow JetBlue to buy Spirit Airlines. The lawyer, Ryan Shores, said JetBlue needs...
Alaska Airlines is buying Hawaiian Airlines. Will the Biden administration let the merger fly?
Another proposed airline buyout is renewing debate over whether there has been too much consolidation in the industry — and whether consumers are paying the price. The Biden administration has taken a tough stance against mergers, and it is certain to take a close look at Alaska...
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
SEATTLE (AP) — Alaska Airlines agreed to buy Hawaiian Airlines in a $1.9 billion deal announced Sunday, potentially putting it on track for a clash with a Biden administration wary of higher airfares. The combined company would maintain both airlines' brands, an unusual move in an...
Former US ambassador arrested in Florida, accused of serving as an agent of Cuba, AP source says
MIAMI (AP) — A former American diplomat who served as U.S. ambassador to Bolivia has been arrested in a long-running FBI counterintelligence investigation, accused of secretly serving as an agent of Cuba’s government, The Associated Press has learned. Manuel Rocha, 73, was...
Blackstone acquires pet care app Rover in $2.3 billion all-cash deal
Private equity giant Blackstone will acquire the pet care app Rover in an all-cash deal valued at $2.3 billion, the companies announced Wednesday. Shares of Rover climbed about 28% on news of the deal, which will pay Rover shareholders $11 per share. Blackstone said that amounts to a...
Local newspaper started by Ralph Nader saved from closure by national media company
WINSTED, Conn. (AP) — A small Connecticut newspaper that began publishing in February with the help of Ralph Nader has been saved from a planned shutdown after a national media company swooped in to buy it. American Business Media said Wednesday that it has acquired the Winsted...
Broadcom planning to complete deal for $69 billion acquisition of VMWare after regulators give OK
SAN JOSE, California (AP) — Computer chip and software maker Broadcom has announced it has cleared all regulatory hurdles and plans to complete its $69 billion acquisition of cloud technology company VMware on Wednesday. The company, based in San Jose, California, announced it...
Stellantis to offer buyout and early retirement packages to 6,400 U.S. nonunion salaried workers
DETROIT (AP) — Stellantis said Monday it will offer buyout or early retirement packages to about 6,400 nonunion U.S. salaried employees as the auto industry faces what the company is calling challenging market conditions. The automaker, formed in the 2021 merger of Fiat Chrysler...
NCR Voyix: Q3 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — NCR Voyix Corporation (VYX) on Thursday reported a loss of $124 million in its third quarter. The Atlanta-based company said it had a loss of 91 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and...
Tapestry: Fiscal Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Tapestry Inc. (TPR) on Thursday reported fiscal first-quarter net income of $195 million. The New York-based company said it had profit of 84 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 93 cents per...
