Latest Mergers and acquisitions News

Stock tied to Trump media venture soars in another frenzy

Oct. 22, 2021 16:17 PM EDT

NEW YORK (AP) — The company planning to bring President Donald Trump’s new media venture to the stock market soared further on Friday amid another frenzy of trading. Digital World Acquisition Corp. nearly tripled in the first minute of trading before it was...

Trump plan for new media venture gets investors' thumbs up

Oct. 21, 2021 17:46 PM EDT

NEW YORK (AP) — Some investors aren’t waiting to see if former President Donald Trump’s plans for a media company to challenge the likes of Facebook, Twitter and even Disney can actually become reality — they’re all in. Trump said Wednesday that he’s launching...

Trump announces launch of media company, social media site

Oct. 21, 2021 00:39 AM EDT

NEW YORK (AP) — Nine months after being expelled from social media for his role in inciting the Jan. 6 Capitol insurrection, former President Donald Trump said Wednesday he's launching a new media company with its own social media platform. Trump says his goal in...

Trulieve CEO speaks on growth via M&A, federal pot reform

Oct. 18, 2021 09:11 AM EDT

LOS ANGELES (AP) — The U.S.' expanding legal marijuana market is helping drive strong sales and profit growth for multistate operators like Trulieve Cannabis Corp. The Quincy, Florida-based company sells cannabis products in 11 states from Arizona to Pennsylvania. It...

Bank profits soar, helped by merger frenzy, fewer bad loans

Oct. 14, 2021 13:57 PM EDT

NEW YORK (AP) — It's good to be a bank right now. Four of the largest U.S. banks said their profits grew by double-digits last quarter, as a healthier U.S. economy has helped reduce the number of loans in default or that the bank won't likely recoup. The results for...

Canadian National says investor's shakeup drive 'misguided'

Oct. 04, 2021 15:28 PM EDT

OMAHA, Neb. (AP) — Canadian National has sharpened its criticism of the investor pressuring it to make changes to its operations and replace its CEO following its failed attempt to acquire the Kansas City Southern railroad. The criticism of London-based investment firm...

US private equity firm wins auction for Britain's Morrisons

Oct. 02, 2021 11:47 AM EDT

LONDON (AP) — An American private equity group saw off a rival to narrowly win the battle to buy British supermarket chain Morrisons following a dramatic auction Saturday for the company. Britain's Takeover Panel said New York-based Clayton, Dubilier & Rice...

California grocer acquires Arizona's Bashas' supermarkets

Oct. 01, 2021 20:39 PM EDT

CHANDLER, Ariz. (AP) — The popular Arizona grocery chain Bashas' Family of Stores says it has signed a deal to be acquired by Raley's, an independent regional grocer based in California. Edward “Trey” Basha, president and chief executive officer of Bashas’, and...

Czechs sign deal to buy French truck-mounted artillery

Sep. 30, 2021 08:12 AM EDT

PRAGUE (AP) — The Czech military has signed a deal worth 8.52 billion Czech crowns ($390 million) to acquire 52 CAESAR self-propelled gun howitzers from France’s Nexter Systems. The contract was signed on Thursday during a visit by French Defense Minister Florence...

France, Greece sign defense deal; Athens to buy 3 warships

Sep. 28, 2021 07:53 AM EDT

PARIS (AP) — France and Greece on Tuesday announced a defense deal worth around 3 billion euros ($3.5 billion), including Athens’ decision to buy three French warships as part of a strategy to boost its defense capacities in the Eastern Mediterranean amid recurring tensions with longtime...