Tom Simpson

Mondelez Abandons Bid To Create Snack-Candy Behemoth With Hershey Purchase

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]

metavariable

Mega-Beer Merger Could Cost SABMiller, Anheuser-Busch Employees Thousands Of Jobs

It’s not just brands of beer that Anheuser-Busch InBev and SABMiller have had to discard in order to make their $107 billion merger dreams a reality: it could also cost thousands of people their jobs.  [More]

Lyft

Lyft Dismisses The Idea That It Even Wants A Buyer At All

A day after Uber reportedly shrugged off the idea of acquiring ride-hailing rival Lyft, the latter company says it’s not on the market, you know, anyway.  [More]

afagen

Uber Reportedly Shrugs Off Idea Of Acquiring Lyft

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]

Mike Mozart

Report: Walmart In Talks To Buy Jet.com

Just a year after it launched, Amazon challenger and fellow e-commerce site Jet.com could soon become the property of one of the largest bricks-and-mortar retailers in the world: Walmart.  [More]

Atwater Village Newbie

Tesla Buys SolarCity For $2.6B

After working together for years to build and test solar-based batteries for homes and businesses, Tesla has agreed to buy SolarCity — which is already chaired by CEO Elon Musk — for $2.6 billion. [More]

camknows

AMC Theaters Makes “Best & Final” Offer Of $1.2B For Carmike

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]

Michael Daddino

L’Oreal Expands Makeup Portfolio With $1.2B Purchase Of IT Cosmetics

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.
[More]

How America’s Two Signature Beer Companies Became Expats

How America’s Two Signature Beer Companies Became Expats

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]

Mike Mozart

Why Danone Paid $10.4 Billion For Almond & Organic Milk Company

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?
[More]

Jeanette E. Spaghetti

Monsanto Looking At “Strategic Options” After Rejecting Bayer’s $62B Bid

A month after Monsanto deemed a $62 billion proposed merger bid from Bayer “financially inadequate,” the Missouri seed and pesticide giant is reportedly looking at its options after receiving less-than-stellar earning numbers.  [More]

Morton Fox

Twitter Reportedly Met With Yahoo To Discuss Possible Merger

As Yahoo prepared to dissect a second round of bids for its core internet business — including search, mail, and news sites — the company might have another proposal to ponder: a merger with Twitter.  [More]

Scott Lynch

South African Regulators Give Green Light To $107B Anheuser-Busch, SABMiller Merger

Anheuser-Busch InBev has one more regulatory body to mark off on its “Places To Get Approval For $107 Billion Takeover Of SABMiller” checklist: South Africa’s Competition Commission gave its blessing to the mega-beer merger Tuesday after placing several conditions on the approval.

[More]

Paul Kanterman

Anheuser-Busch, SABMiller’s $107B Merger Passes Major Hurdle, Gains European Approval

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.
[More]

Charter-TWC Merger Is Done Deal After California Approval

Charter-TWC Merger Is Done Deal After California Approval

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.
[More]

Neff Conner

Owner Of Radisson Hotel Chain Purchased By Chinese Conglomerate

Just weeks after China’a Anbang Insurance Group bowed out of its bid for the Starwood Hotel brand, another Chinese hotel group has gobbled up a different group: Carlson Hotels, the operator of the Radisson chain.  [More]

Rob

Mega-Beer Merger Clears Hurdle: SABMiller Officially Sells Peroni, Grolsch Brands For $2.9B

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.

[More]

PROMartin Abegglen

Fiat Chrysler Hates Being Single; CEO Talks Mergers, Even Though No One Seems Interested

Four months ago, Fiat Chrysler proclaimed it was quitting the dating scene after being snubbed by General Motors. But ever the hopeless romantic, the carmaker’s CEO is once again pining to be in the arms of another manufacturer. [More]