Latest Mergers and acquisitions News

Merger vote at Spirit could reshape discount airline market

Jun. 29, 2022 19:48 PM EDT

DALLAS (AP) — The prospect of a takeover of Spirit Airlines threatens to upend the cheap-fare end of the industry much like a series of mergers among big airlines reduced choices for travelers. Spirit is the largest budget airline in the United States, but its days as a stand-alone...

Company buying Trump's social media app faces subpoenas

Jun. 27, 2022 17:54 PM EDT

NEW YORK (AP) — The company planning to buy Donald Trump’s new social media business has disclosed a federal grand jury investigation that it says could impede or even prevent its acquisition of the Truth Social app. Shares of Digital World Acquisition Corp. dropped almost 10%...

Sapporo USA to acquire California craft brewer Stone Brewing

Jun. 24, 2022 15:39 PM EDT

ESCONDIDO, Calif. (AP) — Sapporo U.S.A. has reached an agreement to acquire popular Southern California-based craft brewer Stone Brewing, the companies announced Friday. Stone will continue to brew its beers and retain its branding, management and workforce while Sapporo produces...

Elon Musk's $44 billion Twitter deal gets board endorsement

Jun. 21, 2022 09:20 AM EDT

NEW YORK (AP) — Twitter's board has recommended unanimously that shareholders approve the proposed $44 billion sale of the company to billionaire and Tesla CEO Elon Musk, according to a regulatory filing Tuesday. Musk reiterated his desire to move forward with the acquisition last...

Maker of Harpoon beers to acquire Vermont's Long Trail

Jun. 18, 2022 11:15 AM EDT

BOSTON (AP) — The Boston-based maker of the Harpoon family of beers has agreed to buy Vermont-based Long Trail Brewing Co., bringing together two of New England's most established craft brewers. Under the terms of the deal announced Friday, Mass. Bay Brewing Co. will acquire the...

Musk aims to ease concerns in address to Twitter workers

Jun. 16, 2022 15:27 PM EDT

In an unusual move for what’s been an unusual takeover bid for Twitter by the world’s richest man, Tesla CEO Elon Musk met virtually with the social platform’s employees Thursday, even though his $44 billion offer has not yet been completed. "Trust is as trust does. I tend to...

Musk to address Twitter employees for 1st time this week

Jun. 14, 2022 15:57 PM EDT

Elon Musk will address Twitter employees Thursday for the first time since the billionaire and Tesla CEO offered $44 billion to buy the social media platform, the company said Tuesday. Twitter CEO Parag Agrawal announced an all-hands meeting to employees in an email on Monday,...

Texas AG strides into Twitter takeover drama to bolster Musk

Jun. 07, 2022 18:57 PM EDT

WASHINGTON (AP) — State officials across the nation have taken on Big Tech companies in the courts and state legislatures, and federal regulators have nipped at Twitter over alleged violations of users’ data privacy. Now, one state attorney general with an outsize personality and...

After rough run, Kohl's surges on potential takeover

Jun. 07, 2022 11:40 AM EDT

Shares of Kohl's spiked more than 11% Tuesday after the retailer said that it is in advanced talks to be sold in a deal worth about $8 billion. The Wisconsin chain said late Monday that it was in a three-week exclusive takeover period with the owner of Vitamin Shoppe for $60 per...

Musk threatens to walk away from Twitter deal

Jun. 06, 2022 18:04 PM EDT

DETROIT (AP) — Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot and fake accounts. Lawyers for the Tesla and SpaceX CEO made the threat in a letter to Twitter dated Monday that...