Last March Albertsons supermarket owners Cerberus Capital Management and AB Acquisition LLC announced that they would acquire the Safeway chain of stores in a merger valued at more than $9 billion, but as with most deals of such magnitude, the new coupling between the second- and fifth-largest grocers in the United States had to pass regulatory muster before they could proceed down the aisle. Today, the chains announced they would sell 168 stores in eight states in order to make their matrimonial dreams a reality. [More]
Piece by piece, cereal maker Post Holdings Co. has increased its portfolio to take on breakfast food behemoths Kellogg and General Mills. The mission to expand its bagged and hot cereal categories continued Monday with Post’s purchase of small, privately held rival MOM Brands Co. for $1.15 billion. [More]
There’s a fine line between offering helpful suggestions and aggressively pushing for someone to do what you want. When it comes to activist investors Starboard Value, they tend to fall squarely in the latter camp – who can forget their harsh words for Olive Garden and ruthless take over of its board of directors? The firm appears to be back at it by not-so-nicely suggesting that Staples get a move on with regard to a possible merger with Office Depot. [More]
The fate of the long-running dollar store merger saga likely won’t be decided by the end of the year as once expected, now that Family Dollar has decided to delay an upcoming shareholder vote. [More]
Those dollar purchases really add up, but for Dollar Tree it’s just one proposed purchase that’s creating a rather substantial tab. The discount store recently announced plans to acquire its larger rival Family Dollar. [More]
The plethora of oils, syrup, starches and other products from Archer Daniels Midland Company are getting a bit more natural with the company’s acquisition of Wild Flavors GmbH this week. [More]
Are too many office supplies a bad thing? Apparently so for Office Depot and Office Max. As the merger of the two companies gets underway an overlap of stores in the same areas means some stores will be closing their doors. [More]
Change is inevitable in a new relationship, and often one partner will give a little more than the other. That appears to be the case with the $17.7 billion American Airlines and US Airways merger. To better align with its new partner, American announced today it’s making more changes; this time to its baggage fees and frequent-flier rule. [More]
Miss Chiquita is getting hitched to an Irishman. The 144-year-old banana company is set to merge with its European rival, Fyffes, in a deal that would create the world’s biggest banana supplier. [More]
Prepare for the “save the date”, because there’s another marriage on the way. This time between the second- and fifth-largest grocers in the United States. [More]
We’ve all been on one of those small regional jets – the tiny seats, cramped leg room and barely enough overhead space for your roller bag. Nothing will make trips on those small planes better. But American Eagle Airlines Inc. is hoping a name change might class things up a bit. [More]
President Obama announced today that Chrysler would seek bankruptcy protection and enter into an alliance with Fiat. The president told reporters that a “small group of speculators” made up of hedge funds and other investors held out in the hopes that the US government would bail them out. That didn’t happen.
This week, Sirius XM began consolidating its channels. In reality, this mostly meant jettisoning XM channels wherever there was a tenuous overlap with something Sirius already offered, which is bad news for anyone with a favorite station on XM who woke up Wednesday morning to find it missing. Alex wrote in to tell us that the four Spanish music channels have been condensed to one without regard to genre, and that the uncensored “urban music” station Hot Jamz has been cleaned up, rechristened “The Heat,” and now leans toward radio-friendly R&B. The Motley Fool suggests that the new lineup may drive people to downgrade their subscription—it’s “an incentive to downgrade to the cheaper plan that costs $6 less a month and lets users cherry-pick 50 stations.”
We hope all you Northwest Airlines frequent fliers secretly had a thing for Delta, because you’ve been merged.
- Starting Monday, Jan. 15, AT&T Inc. (NYSE:T) is launching a new multi-media campaign to begin transitioning the Cingular brand to AT&T in advertising and customer communications, throughout Web sites and nationwide retail stores, and on company buildings and vehicles.
With the merger between AT&T and BellSouth, AT&T has total control over Cingular wireless. What does this mean to you?