Latest Mergers and acquisitions News
Cal State is saving its smallest campus by merging it with Cal Poly
In a bid to forestall its financial disintegration, Cal Maritime, California’s smallest public university, is merging with one of the state’s most selective and financially stable universities, Cal Poly San Luis Obispo. It’s a move that’ll conjoin a Bay Area campus that trains students for...
UK plans to create pension megafunds with aim of unlocking $100 billion for investment
LONDON (AP) — British Treasury chief Rachel Reeves said Thursday the government planned to merge dozens of pension funds with the aim of unlocking tens of billions of pounds for investment and boosting the U.K.'s subpar economic growth. Reeves said in her speech to finance leaders...
Ex-West Virginia University vice president rejoins athletic department a year after stepping down
MORGANTOWN, W.Va. (AP) — Rob Alsop, a key figure in West Virginia University's wide-ranging reductions to academic programs and faculty positions before stepping down a year ago, has quietly returned to the school as a senior deputy athletic director. Alsop's rehiring wasn't...
Maker of Coach handbags calls off merger with company that produces Michael Kors accessories
NEW YORK (AP) — Fashion company Tapestry on Thursday said it's terminating its proposed merger with Capri because the two luxury groups don't expect to overcome an antitrust challenge within an acceptable time frame. The companies agreed to a $8.5 billion deal in August 2023 that...
Tetra: Fiscal Q4 Earnings Snapshot
PASADENA, Calif. (AP) — PASADENA, Calif. (AP) — Tetra Tech Inc. (TTEK) on Wednesday reported net income of $96.2 million in its fiscal fourth quarter. On a per-share basis, the Pasadena, California-based company said it had profit of 35 cents. Earnings, adjusted for costs related...
Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion
NEW YORK (AP) — European food delivery giant Just Eat Takeaway.com is selling Grubhub for $650 million, a fraction of the billions it spent to buy the U.S. platform just three years ago. Wonder Group, a New York-based food ordering company that touts “fast fine” dining, is set...
2 credit unions in Mississippi and Louisiana are planning to merge
BILOXI, Miss. (AP) — One credit union based in Mississippi and one based in Louisiana on Wednesday announced plans for a merger. The Louisiana-based Jefferson Financial Federal Credit Union would be merged into the Mississippi-based Keesler Federal Credit Union, according to a news...
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
NEW YORK (AP) — Shares of Spirit Airlines plunged Wednesday after the budget airline said that it won't announce quarterly financial results on time while it continues talks with bond holders to restructure its debt. Spirit said negotiations are progressing toward an agreement that...
Justice Department sues to block UnitedHealth Group's $3.3 billion purchase of Amedisys
NEW YORK (AP) — The Justice Department is suing to block UnitedHealth Group's $3.3 billion purchase of Amedisys, citing concerns the combination would hinder access to home health and hospice services in the U.S. The antitrust complaint, filed in Maryland by the Justice Department...
Crown Crafts: Fiscal Q2 Earnings Snapshot
GONZALES, La. (AP) — GONZALES, La. (AP) — Crown Crafts Inc. (CRWS) on Tuesday reported net income of $860,000 in its fiscal second quarter. The Gonzales, Louisiana-based company said it had profit of 8 cents per share. Earnings, adjusted for costs related to mergers and...
