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]
merger
Twitter Reportedly Met With Yahoo To Discuss Possible Merger
By 6.3.16
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]
South African Regulators Give Green Light To $107B Anheuser-Busch, SABMiller Merger
By 5.31.16
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]
Anheuser-Busch, SABMiller’s $107B Merger Passes Major Hurdle, Gains European Approval
By 5.24.16
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.
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Charter-TWC Merger Is Done Deal After California Approval
By 5.12.16
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.
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Owner Of Radisson Hotel Chain Purchased By Chinese Conglomerate
By 4.28.16
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]
Mega-Beer Merger Clears Hurdle: SABMiller Officially Sells Peroni, Grolsch Brands For $2.9B
By 4.19.16
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.
Fiat Chrysler Hates Being Single; CEO Talks Mergers, Even Though No One Seems Interested
By 4.18.16
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]
Anheuser-Busch InBev To Sell Peroni, Grolsch To Earn European Approval Of Beer Merger
By 4.12.16
A month after Anheuser-Busch InBev cleared one huge regulatory hurdle in gaining approval for its $107 billion SABMiller merger with the sale of SABMiller’s half of China’s largest brewer, the beer behemoth is looking to appease regulators on other continents. This time it happens to be the European Union and the sale of premium brands Peroni and Grolsch. [More]
Pfizer, Allergan Call Off $160B Mega-Merger
By 4.6.16
Five months after Pfizer and Allergan announced they would combine households to create the world’s largest drug company, the betrothed say the wedding is being called off. [More]
Staples & Office Depot Ask Judge To Toss Antitrust Lawsuit Without Defending Merger
By 4.5.16
Two weeks after the beginning of a federal court hearing on the proposed mega-merger between Office Depot and Staples, the office supply chains’ lawyers have decided not to present a defense against the Federal Trade Commission’s claim that the deal is bad for consumers and businesses. [More]
Alaska Airlines To Buy Virgin America In $4B Deal
By 4.4.16
Virgin Alaska? Alaska American? Either of those — and other combinations — could soon be the fifth largest airline operating in the U.S. after Alaska Airlines agreed to acquire Virgin America in a deal valued at $4 billion. [More]
Sherwin-Williams Buys Valspar For $11.3B, Will Really Cover The Earth
By 3.21.16
Simply walking past the paint aisle at your local home improvement store is enough to make many hearts race and palms go sweaty — what with all the choices. But those walls of swatches might belie the fact that many of those paint brands are owned by the same companies — and that industry could consolidate even further now that Sherwin-Williams has agreed to put itself in the mixing stand with Valspar for $11.3 billion. [More]
Marriott Beefs Up Bid, Buys Starwood Hotels For $13.6 Billion
By 3.21.16
Momentum in the tug-of-war over Starwood Hotels — home to brands like Sheraton, St. Regis, Westin, and W — has shifted once again. Only days after China’s Anbang Insurance appeared destined to win with its “superior proposal,” Marriott managed to dig deep with the help of a few billion additional dollars.
Staples, Office Depot: FTC’s Opposition To Billion-Dollar Merger Is “Flawed,” “Wrong”
By 3.18.16
Three months after federal regulators filed a lawsuit to stop the nightmare dream formation of the $6.3 billion StaplesMaxDepot Voltron , the CEOs of the mega-office supply chains are fed up, and they’re taking that frustration to the customers by airing their true thoughts on the Federal Trade Commission’s attempt to stop the deal. [More]
Marriott’s Acquisition Of Starwood Hotels In Question After New $14B Takeover Bid
By 3.14.16
Five months after Starwood Hotels and Resorts – which operates brands like Sheraton, St. Regis, Westin, and W – announced it would sell itself for $12 billion to Marriott to make the world’s largest hotelier, the company revealed that it had received an unsolicited takeover bid of roughly $14 billion from a group of suitors. [More]
Staples To Close 50 Stores In Preparation For Life With Or Without Office Depot
By 3.4.16
As it awaits the final verdict from regulators on its pending billion-dollar purchase of rival office supply chain Office Depot, Staples is preparing to go it alone by announcing plans to shutter at least 50 of its own stores in order to slow declining sales. [More]
Mega-Beer Merger Clears Hurdle: SABMiller Sells Chinese Beer Brand For Bargain Price
By 3.2.16
The $107 billion merger of Anheuser-Busch InBev and SABMiller is a truly global affair, with the betrothed companies having to appease regulators on multiple continents. While the mega-deal still faces numerous challenges, it has cleared one huge hurdle with SABMiller agreeing to sell its half of China’s largest brewer for only $1.6 billion.
