mergers

Nicholas Eckhart

Walgreens & Rite Aid Willing To Unload More Stores On Fred’s To Make Merger Happen

Walgreens and Rite Aid want to merge and become the largest pharmacy chain in the country, and the Federal Trade Commission is the main obstacle in their path. That’s why Walgreens, the much larger partner in this merger, is preparing a new proposal for the regulators, which would include selling off more stores to what’s now a small regional chain. [More]

Nicholas Eckhart

Walgreens Slashes $2B From Value Of Rite Aid Merger; Up To 1,200 Stores To Be Sold Off

Last Friday, Jan. 27, was the deadline for the deal to close in the proposed acquisition of drugstore chain Rite Aid by competitor Walgreens. Today, the companies announced a revised deal with an eye to meeting Federal Trade Commission approval. This deal values Rite Aid at over $2 billion less, and proposes the sale of hundreds more stores to another drugstore chain. [More]

Ray J./Morton Fox

Verizon Acquisition Of Yahoo Still Going Ahead As Planned

Since the announcement of data breaches consisting of 1.5 billion Yahoo accounts, Yahoo-watchers have had one question: what’s going to happen to the former internet titan’s agreement to sell its internet operations to Verizon for a mere $4.8 billion? In its quarterly and annual earnings report today, Yahoo announced that the deal is still on. It’s just taking a while. [More]

Yahoo

Did Yahoo Wait Too Long To Disclose Massive 2014 Data Breach? SEC Investigating

Yahoo, the online company that hosted your email in 2001, was the victim of two huge account breaches in 2013 and 2014, but didn’t tell customers or investors until last year. Now the Securities and Exchange Commission is one of the government entities investigating the breach, to find out whether Yahoo kept the info from its investors for too long. [More]

Nicholas Eckhart

With One Week Left, Walgreens-Rite Aid Merger May Be In Trouble

The proposed merger of mega-drugstore chains Walgreens and Rite Aid seems like a good idea to the companies, but the Federal Trade Commission remains skeptical. With a week left before the purchase agreement expires, the companies need the antitrust watchdog to sign off, and it looks like they may not get it. [More]

Mike Mozart

Report: Albertsons In Talks To Acquire Price Chopper, Expand To More States

According to those ever-mysterious “people familiar with the matter,” the northeastern grocery chain Price Chopper is in “advanced talks” with national chain Albertsons in an acquisition deal. The acquisition could still fall through, but it would mean that the closely held grocer could have a new owner after more than 80 years as a mostly family-run company. [More]

Corey Templeton

After Hanjin Bankruptcy Crisis, Shippers Seek Out Large, Stable Companies

The sudden bankruptcy of Hanjin Shipping left billions of dollars’ worth of cargo, potentially including all of your holiday gifts, floating on container ships in the ocean in legal limbo. Now the companies that ship cargo don’t want to risk having that happen again. [More]

epicharmus/afagen

Report: Coach, Burberry Not Actively Discussing A Merger, Despite Rumors

Though rumors have been swirling that luxury brands Burberry and Coach are considering a merger — leading to a spike in both companies’ stock prices — inside sources say there aren’t any active discussions happening between the two companies at the moment. [More]

(Agus Sutanto)/(GeorgeM757)

What’s Holding Up Merger Of Alaska Airlines & Virgin America?

Alaska Airlines’ proposed $4 billion merger with Virgin America is taking longer than either airline anticipated. Days after the companies’ targeted merger completion date passed, federal regulators continue to probe the validity and affect the merger would have on competition.  [More]

Nicholas Eckhart

Report: Kroger Isn’t Interested In Buying A Few Hundred Walgreens Stores

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]

Jeepers Media

Verizon Won’t Walk Away From Yahoo Deal, But May Want A Discount

Last week there were rumors swirling that Verizon was angling to get $1 billion off the $4.8 billion price it’s agreed to pay to buy Yahoo’s internet business. This week, the company’s CEO says there’s no way Verizon is going to leave Yahoo at the altar after its recent troubles, but that being said, there are some factors to consider when it comes to that final price. [More]

Yahoo

Verizon Reportedly Trying To Get $1B Discount On Yahoo Purchase

It’s normal to get cold feet before a wedding, especially if your intended is a technology company that is facing legal action after millions of user accounts were breached, and everyone was saying you’d created a spy tool for the government to snoop on users’ emails. That’s reportedly why Verizon is angling to get $1 billion off the $4.8 billion price it agreed to pay to purchase Yahoo’s internet business. [More]

RetailByRyan95

Steinhoff Announces “Successful Consummation” Of Cash Offer For Mattress Firm Stock

South African retailer Steinhoff and Mattress Firm are likely shopping for some new pajamas after announcing the “successful consummation” of a previously announced $64 per share cash tender offer for the U.S. company’s outstanding common stock. [More]

Sprint Owner Softbank Still Dreams Of Buying T-Mobile

Sprint Owner Softbank Still Dreams Of Buying T-Mobile

It doesn’t matter that T-Mobile CEO John Legere said two years ago that he’s heard enough merger talk: the CEO of Softbank, the Japanese company that owns 80% of competitor Sprint, is still interested in buying the carrier. He’s happy to wait until the time is right. [More]

Misfit Photographer

Aetna Threatened To Quit State Insurance Exchanges If Humana Merger Was Blocked

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.

[More]

oracorac

Walgreens-Rite Aid Merger Still On Track, CEO Says Only 500 Stores Would Close

Walgreens and Rite Aid are the biggest and third-biggest pharmacy drugstore in this country, and they want to join forces to become a pharma-Voltron. The companies are waiting for regulatory approval, but the CEO of Walgreens Boots Alliance told shareholders today that the deal will probably go through by the end of 2016, and that it will result in the closing of only about 500 stores. [More]

Revlon Decides To Change Up Its Beauty Routine, Buys Elizabeth Arden For $870M

Revlon Decides To Change Up Its Beauty Routine, Buys Elizabeth Arden For $870M

What’s a global beauty brand to do when it’s time to get a new look? Revlon decided to go shopping for something to change up its routine, picking up fellow cosmetics company Elizabeth Arden in a deal worth $870 million. [More]

(Agus Sutanto)/(GeorgeM757)

Alaska Airlines Might Not Drop Virgin America Name After Merger

Two months after Alaska Airlines put $4 billion on the table and bought up Virgin America, the soon-to-be fifth largest airline operating in the U.S. is spilling the beans — kind of — about its future, and that might include keeping the recently purchased carrier’s name.  [More]