Latest Mergers and acquisitions News

Barron Hilton, hotel magnate and AFL founder, dies at 91

Sep. 21, 2019 5:59 PM EDT

LOS ANGELES (AP) — Barron Hilton, a hotel magnate who expanded his father's chain and became a founding owner in the American Football League, died Thursday at his Los Angeles home. He was 91. Hilton's family said he died of natural causes. He transformed Hilton into the industry's top brand during his 30...

UK blocks aerospace takeover by US investor over security

Sep. 18, 2019 8:29 AM EDT

LONDON (AP) — The British government is halting the takeover of a U.K. aerospace company by a U.S. private equity firm to assess whether it affects national security. Business Secretary Andrea Leadsom said Wednesday that the competition watchdog would look into the security implications of the sale of...

T. Boone Pickens, oilman and renewables advocate, dies at 91

Sep. 11, 2019 6:39 PM EDT

OKLAHOMA CITY (AP) — T. Boone Pickens, a brash and quotable oil tycoon who grew even wealthier through corporate takeover attempts, died Wednesday. He was 91. Pickens was surrounded by friends and family when he died of natural causes under hospice care at his Dallas home, spokesman Jay Rosser said....

FEMA officials, contractor accused of hurricane relief fraud

Sep. 10, 2019 6:05 PM EDT

SAN JUAN, Puerto Rico (AP) — Federal authorities said Tuesday they have arrested two former officials of the Federal Emergency Management Agency and the former president of a major disaster relief contractor, accusing them of bribery and fraud in the efforts to restore electricity to Puerto Rico in the...

Inmates: Court should take control of health care in prisons

Sep. 6, 2019 7:02 PM EDT

PHOENIX (AP) — Inmates have asked a federal judge to take over health care operations in all state-run prisons in Arizona and appoint an official to run medical and mental health services due to the state's repeated failure to improve the care. Attorneys representing 34,000 inmates said in a filing Friday...

Talks to create Asia's biggest telecom operator fall apart

Sep. 6, 2019 5:47 AM EDT

COPENHAGEN, Denmark (AP) — Telecom companies Telenor of Norway and Malaysia's Axiata Group Berhad have ended talks about merging operations in Asia, a deal that would have created the region's biggest telecommunications operator with 300 million customers in nine countries. Telenor ASA said Friday that the...

CVS Health stock rises as judge completes Aetna deal review

Sep. 5, 2019 9:15 AM EDT

Shares of CVS Health started climbing early Thursday, a day after a federal judge finally completed his review of the company's roughly $69 billion acquisition of the health insurer Aetna. U.S. District Judge Richard J. Leon said Wednesday in federal court filings that a plan requiring CVS to unload Aetna's...

Federal lawsuit aims to stop Mount Snow sale to Vail Resorts

Sep. 3, 2019 12:11 AM EDT

BURLINGTON, Vt. (AP) — An investor in Mount Snow's parent company, Peak Resorts, wants to stop a vote on whether to merge with Vail Resorts unless more information is disclosed The Brattleboro Reformer reports that the lawsuit accuses Peaks Resorts executives and directors of violating securities rules for...

A decade after a split, the Marlboro men seek a reunion

Aug. 27, 2019 1:48 PM EDT

NEW YORK (AP) — The Marlboro men are discussing a reunion as the number of smokers continues to decline worldwide. Altria confirmed Tuesday that it is in talks to merge with Philip Morris International, more than a decade after splitting itself into two companies. Altria has exclusively sold Marlboro...

Ferdinand Piech, longtime Volkswagen patriarch, dies at 82

Aug. 26, 2019 5:47 PM EDT

BERLIN (AP) — German auto industry power broker Ferdinand Piech, the longtime patriarch of Volkswagen AG and the key engineer of its takeover of Porsche, has died, his widow confirmed Monday. He was 82. His wife, Ursula Piech, told the dpa news agency in a statement provided by their family lawyer that her...