Dow And DuPont Merging To Create Massive Chemical Voltron In $130B Deal

Dow And DuPont Merging To Create Massive Chemical Voltron In $130B Deal


It may sound like the perfect marriage of the cold war era, but it’s 21st century business all over: Dow and DuPont, the two oldest, biggest chemical companies in the country, today announced their plans to merge in a whopping $130 billion deal. [More]

Verizon CFO: Sure, We’d Be Interested In Buying Yahoo’s Web Business

Verizon CFO: Sure, We’d Be Interested In Buying Yahoo’s Web Business

After reports swirled last week that Verizon might be in the mood to go shopping in the Internet company aisle, the company’s chief financial officer says it could possibly be interested in buying Yahoo’s web businessif Yahoo is selling and if a deal made sense. [More]

Chicken Of The Sea, Bumble Bee Abandon Plan To Unite As One Giant Can Of Tuna After DOJ Objects

Chicken Of The Sea, Bumble Bee Abandon Plan To Unite As One Giant Can Of Tuna After DOJ Objects

Chicken of the Sea and Bumble Bee will be leaving their underwater wedding separately despite going steady since 2014: the two tuna companies won’t be merging into one giant can of fish after the U.S. Justice Department put the kibosh on their planned union. [More]

If Walgreens And Rite Aid Merge, Thousands Of Stores Might Close

If Walgreens And Rite Aid Merge, Thousands Of Stores Might Close

Last week, Walgreens Boots Alliance, the parent company of this country’s top drugstore chain, announced that pending antitrust approval, it would buy the #3 chain, Rite Aid, for $9.4 billion. That would create two massive national drugstore chains, and also leave a lot of empty stores. One estimate is that 3,000 stores would close… not necessarily for antitrust reasons, but because the stores are simply too close together. [More]

Sale Of Commercial Supply Business Could Let Staples-Office Depot Merger Go Through

Sale Of Commercial Supply Business Could Let Staples-Office Depot Merger Go Through

One of the barriers to the formation of the StaplesMaxDepot office-supply Voltron has been the commercial supply businesses that both companies run: in addition to running retail stores, they both also do business delivering office supplies to corporate clients. One possibility could let the mega-merger go forward: Staples could sell its commercial supply business to competitor Essendant. [More]

Company Behind Wonder Bread Shells Out $120M For Alpine Valley Bread Co & Its Organic Offerings

Company Behind Wonder Bread Shells Out $120M For Alpine Valley Bread Co & Its Organic Offerings

As consumers’ tastes shift toward healthier foods, the appeal of organic products has had companies scrambling to either trot out their own organic offerings or just buy out other businesses that are already in the game. Flowers Foods is taking the latter route, snapping up organic food purveyor Alpine Valley Bread Co. for $120 million, its second acquisition of an organic baking company in a month. [More]

Regulators Settle Charges That Reynolds, Lorillard Merger Would Be Anticompetitive

Regulators Settle Charges That Reynolds, Lorillard Merger Would Be Anticompetitive

A year after the No. 2 and No. 3 cigarette brands in the country first announced they were planning to go all-in on a $27.4 billion merger, regulators have approved an order settling charges that the deal would be anticompetitive for the U.S. cigarette market, paving the way for the merger to move forward. [More]

Anthem Buying Cigna For $54B In Yet Another Mega Insurance Merger

Anthem Buying Cigna For $54B In Yet Another Mega Insurance Merger

What a difference a month makes: Just a few weeks ago, Cigna rejected Anthem as a suitor, citing things like the major data breach the company suffered earlier this year and turning down its $47 billion merger bid. It seems Anthem has been busy a-courtin’, as the company announced this morning that it’s reached a deal to buy Cigna for $54 billion, effectively creating an insurance giant. [More]

Dept. Of Justice Investigating Alleged Collusion By Airlines To Keep Ticket Prices High

Dept. Of Justice Investigating Alleged Collusion By Airlines To Keep Ticket Prices High

Just weeks after a legislator voiced concern that a shrinking airline industry has perpetuated potential anti-competitive behavior aimed at keeping the price of airfare high, the Department of Justice revealed it is looking into the possibility of collusion between airlines.
[More]

Sysco Drops Bid To Buy U.S. Foods, Plan To Create Foodservice Supply Voltron

Sysco Drops Bid To Buy U.S. Foods, Plan To Create Foodservice Supply Voltron

After months of battling with federal regulators – including contentious meetings, a lawsuit and a federal injunction – food distributor Sysco has dropped its plan to merge with rival U.S. Foods. [More]

(Don Buciak II)

Federal Judge Blocks Formation Of Foodservice Supply Voltron

Sysco and US Foods, the two biggest national foodservice suppliers, want to merge, and the meanies at the Federal Trade Commission won’t let them. Regulators think this merger would be bad for the companies’ customers–and their customers are food service institutions ranging from the most humble snack bars to the fanciest restaurants. Back in February, the FTC sued to stop the merger, and today a federal judge has issued a preliminary injunction blocking it. [More]

Verizon Completes $4.4B Acquisition Of AOL

Verizon Completes $4.4B Acquisition Of AOL

It’s not often you hear about a shotgun wedding between two tech companies, but that’s apparently what happened for Verizon and AOL, as the recently betrothed said today that they had officially completed a $4.4 billion acquisition proposed just a month ago. [More]

(cookedphotos)

Cigna Rejects Anthem’s $47B Merger Bid, Says It’s “Deeply Disappointed” By Suitor’s Recent Actions

After Anthem Inc. unveiled its roughly $47 billion bid to merge with fellow health insurer Cigna Corp. over the weekend, the object of its affections swiftly put the kibosh on that proposal. In a letter to Anthem’s board, Cigna said it was “deeply disappointed” with its suitors recent actions, and that the offer wasn’t in the best interest of shareholders. [More]

(David Transier)

Senator Calls For Investigation Into Alleged Anti-Competitive Airline Behavior

American Airlines and US Airways, Southwest Airlines and AirTran, Continental and United. These are just a few of the major mergers to hit the airline industry in the last several decades. While airlines contend that such combinations have created more streamlined processes for customers, some legislators are concerned that a shrinking airline industry has perpetrated potential anti-competitive behavior, leading to a request for a federal investigation.   [More]

ThinkGeek Parent Geeknet Giving Hot Topic Three Days To Match Rival Suitor’s Offer

ThinkGeek Parent Geeknet Giving Hot Topic Three Days To Match Rival Suitor’s Offer

The love triangle between the parent company of online retailer ThinkGeek and its two suitors continues to heat up, with Geeknet now telling original suitor Hot Topic it has until Monday to match or exceed the higher bid from a new mystery rival. Because like so many real life dating situations, it all comes down to an ultimatum. [More]

(Rosalyn Davis)

Reynolds, Lorillard Must Sell Salem, Kool, Maverick & Winston Brands To Gain Approval Of $27.4B Mega-Cigarette Merger

You may recall that last July the No. 2 and No. 3 cigarette brands in the country announced they were planning to go all in on a $27.4 billion merger. This week the two companies received the blessing from federal regulators, as long as they divest four cigarette brands to a UK-based company. [More]

Hormel Gobbling Up Applegate Farms For $775M

Hormel Gobbling Up Applegate Farms For $775M

In a sign of the times, Hormel Foods Corp., the maker of Spam, is trying for that natural foods feeling and has decided that buying Applegate Farms for $775 million is the way to achieve it. [More]

Verizon Buys AOL For $4.4 Billion To Create Video Content, Ad-Sharing Mega-Company

Verizon Buys AOL For $4.4 Billion To Create Video Content, Ad-Sharing Mega-Company

Old tech and new tech are coming together in a massive $4.4 billion deal, with mobile service powerhouse Verizon Communications buying the brand of the ’90s AOL — a deal that gives the country’s largest mobile phone operator a stronger foothold in the race to create ad-content that targets customers as they move from desktops to mobile devices. [More]