If you know anyone who’s interested in buying around 650 grocery stores, Walgreens and Rite Aid would like to hear about it. The two drugstore chains need to find a buyer for between 500 and 1,000 stores to get their merger approved by the Federal Trade Commission, and no one is interested. [More]
Supermarket operator Supervalu will have one fewer chain in its portfolio soon, after announcing that it’s selling off discount grocer Save-A-Lot to a Canadian investment group for $1.37 billion. [More]
Poor Twitter. Despite an abundance of rumored suitors, it’s starting to look like no one wants to buy the social media company. This time, it’s Salesforce that’s walking away from discussions. [More]
It sounds like Yahoo has some explaining to do if it wants Verizon to go ahead with the $4.8 billion deal to buy its internet business: Verizon says it’s inclined to declare the impact of the massive data breach that affected at least 500 million Yahoo users as a “material” event. [More]
Stanley Black and Decker is rumored to be one of the bidders on the venerable Craftsman brand of tools from Sears, but the company may have gone out shopping and bought itself a different tool company instead. Newell owns brands that range from Coleman camping equipment to Uni-ball pens to Yankee Candle and Calphalon, and now it owns fewer power tools and saws than it used to. [More]
The largest grocery store chain in the country could be getting a bit bigger and a lot more organic, as the rumor mill began churning that Kroger is exploring the idea of buying Whole Foods. [More]
A year chock-full of mergers, acquisitions, and bankruptcies in consumer-facing businesses is chalking up another deal. This time, it’s the realm of the outdoors: Bass Pro Shops is dropping several billion dollars to snap up competitor Cabela’s. [More]
The Walt Disney Co., the well-known operator of theme parks, movie production studios, and cable television networks could soon be a huge player in social media — at least according to reports claiming that Big Mouse is working on a bid for Twitter. [More]
Days after Unilever was rumored to be discussing a deal to purchase The Honest Company — the line of household and personal care products co-founded by actress Jessica Alba — the company behind everything from Ben & Jerry’s to Vaseline added a different high-profile independent brand to its portfolio: The eco-friendly cleaning supply folks at Seventh Generation. [More]
Unilever — the company behind everything from Ben & Jerry’s to Vaseline, and who recently spent a billion dollars to buy the Dollar Shave Club — has reportedly gone shopping for yet another high-profile independent brand. This time its Honest Co., the line of household and personal care products co-founded by actress Jessica Alba.
After you’ve spent more than $100 billion to acquire your biggest competitor, what’s left? Sure, you can buy up that smaller business here and sell off this subsidiary there, but how does a company regain the adrenaline rush of pulling off a transaction so big people need to stop and count the zeros? [More]
When two companies in the same business want to merge, a common condition placed on the merger by authorities may be that one or both companies sell part of its business so there’s still some competition in the market. It looks likely that the Federal Trade Commission will approve the proposed merger of Walgreens Rite Aid, but Walgreens may have to give up more locations before the deal goes through. [More]
In a lawsuit seeking to block the merger of health insurance companies Aetna and Humana, the U.S. Department of Justice cited decreased competition on state individual health insurance exchanges as one reason why the merger shouldn’t happen.
E-commerce companies don’t have to collect sales tax from customers who live in states where they have no physical presence, which could be anything from their headquarters to a distribution center. That’s been one of the advantages that Jet has had in the marketplace over its chief rival Amazon, which has facilities in 28 states, including the most populous ones. Jet customers in most states don’t have to pay sales tax. However, that could change soon, after Walmart’s acquisition of the young e-commerce company. [More]