The auto parts retailer love triangle continues to take new twists and turns as the year comes to an end, with Icahn Enterprises once again upping the ante – to the tune of $1 billion – in its bid to steal Pep Boys away from suitor Bridgestone. [More]
mergers and acquisitions
Auto Parts Retailer Love Triangle Reaches $1B With Icahn Once Again Topping Bridgestone In Bid For Pep Boys
By 12.29.15
Federal Regulators Still Objecting To Marriage Of Staples And Office Depot
By 12.21.15
Earlier this month, the Federal Trade Commission went to court in an effort to block the pending merger of office-supply mega chains Staples and Office Depot, saying that it would result in too little competition in the market for supplies being sold to businesses. Since then, Staples has tried to revise the deal to make it more palatable, but to no avail. [More]
Maker Of Sharpie To Buy Maker Of Crock-Pot For $13B, Creating A Consumer Product Smorgasbord
By 12.14.15
All of those storage containers, Sharpies, coolers, and crockpots you have dotting the insides of cupboards now have a lot more in common than one might think: Newell Rubbermaid, the company behind Sharpie and Rubbermaid storage products Jarden, the company behind the Coleman and Crock-Pot brands, for $13.2 billion. [More]
Dow And DuPont Merging To Create Massive Chemical Voltron In $130B Deal
By 12.11.15
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]
Pep Boys Concedes That Icahn’s Offer May Be “Superior” To Bridgestone, Will Explore The Deal Further
By 12.8.15
When Dollar General entered an unsolicited billion dollar bid for Family Dollar last year, the smaller company said thanks but no thanks. The latest merger-love triangle appears to be taking a different path: auto parts retailer Pep Boys seems to be mulling the idea of ditching its already agreed upon deal with Bridgestone in favor of more money from Auto Plus owner Icahn Enterprises. [More]
Auto Parts Love Triangle: Icahn Offers $837M For Pep Boys, One-Upping Bridgestone’s $835M Bid
By 12.7.15
Love triangles are generally a plot device used in movies and television shows to keep viewers’ eyes glued to the screen, screaming for their preferred suitor to win out. Recently, though, the messy affairs have infiltrated the mergers and acquisitions realm with the months-long dollar store war – Dollar General and Dollar Tree fighting over Family Dollar. Today, that trend continued with the company behind Auto Plus offering to buy the already betrothed Pep Boys retail operations out from under Bridgestone. [More]
Verizon CFO: Sure, We’d Be Interested In Buying Yahoo’s Web Business
By 12.7.15
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 business — if Yahoo is selling and if a deal made sense. [More]
Verizon Tops List Of Potential Buyers For Yahoo’s Internet Business
By 12.3.15
While you may not have checked your old Yahoo Mail account since before the recession, the Web 1.0 relic continues to exist. And now that Yahoo’s board may be looking to sell off the portion of the business that most people associate with the company, a number of potential buyers are licking their chops at getting some piece of the meal. [More]
Yahoo Considers Getting Out Of The Internet Business
By 12.2.15
Yahoo, one of the few remaining old guard Internet biggies still standing, has been trying to reinvigorate its business in the last few years, even spending oodles of cash in an effort to stake claims in the streaming video and daily fantasy sports markets. But so far, consumers have responded with a shrug and the company’s stock price has continued to fall since the beginning of 2015. That’s why the Yahoo board will reportedly be looking into the possibility of getting out of this whole “Internet” thing. [More]
Pfizer To Buy Allergan For $160B, Create World’s Largest Drug Company
By 11.23.15
If the giant pharmaceutical companies of the world seem quite big enough to you already, well, that just means you probably aren’t a major investor in or CEO of one. But the major investors and CEOs do think bigger is better, and so to that end two of them are merging to create an even bigger drug behemoth and take it overseas. [More]
Anheuser-Busch InBev, SABMiller Finalize Merger, Agree To Sell MillersCoors Brand To Molson For $12B
By 11.11.15
After receiving more time to finalize its offer to acquire SABMiller, Anheuser-Busch InBev made a formal $107 billion bid for the company on Wednesday. The deal includes a record $75 billion loan and confirms the anticipated divestiture of SABMiller’s stake in its largest brand: MillerCoors. [More]
If Walgreens And Rite Aid Merge, Thousands Of Stores Might Close
By 11.5.15
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]
Report: Bass Pro Shops Considers Acquiring Cabela’s
By 11.5.15
If you’re not an outdoorsy type, it’s understandable that you might think Cabela’s and Bass Pro Shops are the same store. They’re both big-box stores that are almost more of a tourist destination than a place to shop. Maybe you won’t have to stop and figure out what the difference is: the privately held Bass Pro Shops is considering taking over its publicly traded rival. [More]
Expedia To Buy Vacation Rental Site HomeAway For $3.9B
By 11.5.15
Just two months after Expedia completed its last big purchase, the travel-booking enterprise has hit the market again, offering $3.9 billion to buy vacation rental company HomeAway. [More]
Charter/Time Warner Cable Merger Plan Great For Everyone, According To Charter
By 11.3.15
A couple of weeks ago, the FCC collected everyone’s comments about why Charter should or should not be allowed to go through with buying Time Warner Cable and Bright House Networks in one massive merger. The next step in the process is for Charter to get to respond as to why they think the yea-sayers are right and the nay-sayers are wrong, and they submitted that response this week. [More]
Anheuser-Busch InBev Gets More Time To Finalize Mega Beer Merger Offer
By 10.28.15
Anheuser-Busch InBev — the Belgian-Brazilian maker of “America’s beer” — was supposed to finalize its offer to acquire SABMiller by Oct. 14. That deadline was extended until this afternoon, but just like that really wealthy international student at college who never seemed to get his work done on time, AB InBev has been granted another extension. [More]
What Key Players Are Telling The FCC About The Charter / Time Warner Cable Merger
By 10.14.15
The three-way Charter/Time Warner Cable/Bright House merger hit one of its major milestones this week, as the first deadline for filing comments with the FCC has come and gone. As one might expect, consumer advocates and competing businesses are less than thrilled with the major merger plan. [More]
Budweiser & Miller Inch Closer To Altar With Agreement On $104.2B Deal
By 10.13.15
Last week, leadership at beer giant SABMiller was not thrilled with Anheuser-Busch InBev’s official marriage proposal, saying it “substantially” undervalued the company. But today Miller announced that the boards of both companies had reached an agreement on principle for a merger valued at $104.2 billion. [More]
