Latest Mergers and acquisitions News
Buffett says Wall Street advice usually favors more deals
OMAHA, Neb. (AP) — Taking advice from Wall Street on deals is a bit like asking “the barber whether you need a haircut,” according to billionaire Warren Buffett. Buffett said in his annual letter to Berkshire Hathaway shareholders Saturday that the current system of reviewing deals doesn't...
For-profit firm seeking to run .org names makes concessions
LOS ANGELES (AP) — A private equity firm seeking to buy rights to operate the internet's .org suffix said Friday it will cap price hikes and create an advisory board with veto powers to ease concerns from the nonprofit community. Ethos Capital has offered $1.1 billion to buy the Public Interest Registry,...
Italian bank Intesa SanPaolo offers to buy smaller rival
MILAN (AP) — Italian bank Intesa SanPaolo announced Tuesday a 4.9 billion-euro ($5.3 billion) takeover offer for smaller rival UBI Banca - an unexpected move, even if experts have long called for consolidation in the sector. The Intesa SanPaolo share-swap offer values UBI Banca shares at a 28% premium....
French TGV maker Alstom in talks to buy Bombardier rail unit
PARIS (AP) — French train maker Alstom has announced an multibillion-euro offer to buy the rail business of Canadian engineering firm Bombardier, as it tries to bulk up to compete with big rivals, particularly from China. Alstom, which makes the French TGV high-speed trains, said in a statement Monday it...
US regulators probing 5 tech companies' acquisitions to 2010
WASHINGTON (AP) — Federal regulators are ramping up their investigation of the market dominance of giant tech companies, demanding detailed information on five companies' acquisitions of smaller firms back to 2010. The Federal Trade Commission announced the move Tuesday, issuing orders to Facebook,...
Price worries remain after judge OKs T-Mobile's Sprint deal
NEW YORK (AP) — A federal judge has cleared a major path for T-Mobile to buy Sprint for $26.5 billion, citing T-Mobile's track record in promoting competition, even as legal scholars and consumer advocates warn about higher phone bills. Judge Victor Marrero in New York said he believed the new T-Mobile...
Schick owner retreats from $1.37B buyout of Harry's
SHELTON, Conn. (AP) — The company that owns Schick has terminated its attempt to buy the upstart shaving company Harry’s for $1.37 billion, just days after the U.S. sued to block the acquisition. Edgewell Personal Care Co. said Monday that it will move forward as a standalone company. It also said...
Federal officials OK drilling in Beartooth Mountains
BILLINGS, Mont. (AP) — U.S. Forest Service officials have given conditional approval to a Canadian company to conduct exploratory drilling at 35 sites in Montana's Beartooth Mountains. Vancouver-based Group Ten received authorization for the work over the next seven summers, pending acquisition of a...
Barr's call for U.S. control of 5G providers quickly rebuked
NEW YORK (AP) — Trump administration officials, increasingly intent on preventing Chinese global technological domination, keep floating the idea that the U.S. government should take a more direct hand in running next-generation 5G wireless networks. But the notion isn't terribly popular — not even...
2 Idaho-based trout farms combine in acquisition deal
FILER, Idaho (AP) — Idaho trout farm Riverence Holdings has announced the acquisition of its larger competitor Clear Springs Foods and now controls the majority of the market share in the state. Riverence founder and television writer David Kelley made the announcement Saturday. Riverence grows steelhead...
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