The residents of Hershey, PA, can breathe a sigh a relief today, as Mondelez — the owner of Nabisco and Cadbury — announced it would ditch its months-long bid to purchase the Hershey’s brand following several rebuffed offers by the chocolate giant. [More]
With reports circulating that ride-hailing service Lyft may be looking to sell itself, it makes sense to think of Uber, its most prominent competitor, as a potential buyer. However, it seems very unlikely that regulators would allow this merger, or that Uber is even interested. [More]
Four months after AMC Theaters offered $1.1 billion to buy fellow theater chain Carmike Cinemas, the two companies have finally come together on a sweetened deal to appease shareholders. [More]
Cosmetics biggie L’Oreal just got a bit bigger, adding some 300 skincare and makeup products with its $1.2 billion acquisition of infomercial fave IT Cosmetics.
Budweiser and Miller: Even if you don’t like them, you have to admit that they have long been considered the two beers most associated with America. Their ads feature vast fields of wheat, baseball, hard-workin’ and hard-partyin’ men and women — heck, Bud even went so far as to rebrand itself “America” for the summer — even though neither brand has been majority owned by an American company in years. And now that U.S. regulators have signed off on on the marriage of Bud and Miller’s parents, these once-American titans of industry have completed their transition to become worldly expatriates. [More]
French food giant Danone already takes up plenty of supermarket dairy shelf space, with everyday brands like Dannon, Activia, and Oikos. So why is the company spending $10.4 billion to purchase WhiteWave, the American company behind organic brands like Silk almond milk, Horizon, and Earthbound?
When you’re trying to combine a Belgian-Brazilian beer giant (that loves to pass itself off as American) with a huge London-based beer company whose roots trace back to South Africa and Wisconsin, you’re going to need to shed some overlapping businesses to get all the approvals you need. It looks like Anheuser-Busch’s plan to sell off some SABMiller brands overseas has helped gain approval from European Union regulators who have given the green light to the $107 billion merger of the two companies.
After the FCC gave its blessing to the marriage of Time Warner Cable and Charter, the only thing standing in the way of marital bliss was the possibility that the California Public Utilities Commission might go full drunk-uncle and raise a boatload of objections before the final “I do”s. However, today the CPUC decided instead to raise a toast to the mega-merger.
In order to grease the wheels for the mammoth $107 billion merger of beer giants Anheuser-Busch InBev and SABMiller, a number of Miller’s brew brands are being sold off as quickly as possible. Only a week after announcing that Miller might sell a number of premium labels — including Peroni, Grolsch, and Meantime — to Japan’s Asahi Group, the $2.9 billion deal is now official.