Latest Mergers and acquisitions News

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...

China's HNA Group says chairman, CEO detained by police

Sep. 24, 2021 09:59 AM EDT

BEIJING (AP) — The chairman and CEO of HNA Group, the Chinese airline operator that ran into financial trouble following a global acquisition spree beginning in 2014, have been detained on suspicion of committing crimes, the company announced Friday. Chen Feng and Tan...

DraftKings makes $22.4 billion bid for UK's Entain

Sep. 22, 2021 12:23 PM EDT

The British betting company Entain has confirmed a takeover bid worth about $22.4 billion (16.4 billion pounds) from DraftKings as online gambling companies seek inroads into physical betting sites and vice versa. Entain's stock surged nearly 6% Wednesday on the London...

Railroad execs hope CP-KCS merger could be done by late 2022

Sep. 16, 2021 14:32 PM EDT

KANSAS CITY, Mo. (AP) — Canadian Pacific hopes to complete its $31 billion acquisition of Kansas City Southern railroad before the end of next year. Shareholders of both companies are likely to vote on the deal sometime in December, and then Mexican and American...