Federal Regulators Still Objecting To Marriage Of Staples And Office Depot

Federal Regulators Still Objecting To Marriage Of Staples And Office Depot

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]

(Enokson)

Maker Of Sharpie To Buy Maker Of Crock-Pot For $13B, Creating A Consumer Product Smorgasbord

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]

Pep Boys Concedes That Icahn’s Offer May Be “Superior” To Bridgestone, Will Explore The Deal Further

Pep Boys Concedes That Icahn’s Offer May Be “Superior” To Bridgestone, Will Explore The Deal Further

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]

(Mike Mozart)

Auto Parts Love Triangle: Icahn Offers $837M For Pep Boys, One-Upping Bridgestone’s $835M Bid

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 Tops List Of Potential Buyers For Yahoo’s Internet Business

Verizon Tops List Of Potential Buyers For Yahoo’s Internet Business

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

Yahoo Considers Getting Out Of The Internet Business

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

Pfizer To Buy Allergan For $160B, Create World’s Largest Drug Company

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]

(Kipp Teague)

Kroger Buys Midwest Grocer Roundy’s For $800M

The merger bug has been hitting the supermarket aisle for several years now, and it continued Wednesday as Kroger announced it would buy midwest grocery chain Roundy’s – the owner of Pick ‘n Save – for a cool $800 million.  [More]

Anheuser-Busch InBev, SABMiller Finalize Merger, Agree To Sell MillersCoors Brand To Molson For $12B

Anheuser-Busch InBev, SABMiller Finalize Merger, Agree To Sell MillersCoors Brand To Molson For $12B

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]

Anheuser-Busch InBev Gets More Time To Finalize Mega Beer Merger Offer

Anheuser-Busch InBev Gets More Time To Finalize Mega Beer Merger Offer

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]

Budweiser & Miller Inch Closer To Altar With Agreement On $104.2B Deal

Budweiser & Miller Inch Closer To Altar With Agreement On $104.2B Deal

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]

Broadcasters Ask FCC To Halt Merger Of Time Warner Cable & Charter

Broadcasters Ask FCC To Halt Merger Of Time Warner Cable & Charter

While Time Warner Cable’s current merger à trois with Charter and Bright House is getting significantly less attention than TWC’s recent failed fling with Comcast, but these nuptials aren’t without their detractors. [More]

By acquiring SABMiller, InBev would gain significant market share in Africa, where beer sales are expected to grow in the coming years. To do that, the merged companies would likely have to divest themselves of holdings in the U.S., where the control a combined 70% of the beer market.

Budweiser Maker Officially Offers $104 Billion To Buy Miller

After SABMiller rejected a $100 billion takeover offer from Anheuser-Busch InBev, the world’s biggest beer company has come forward with a sweeter offer of $104 billion. [More]

Miller Reportedly Turns Down $100B Takeover Offer From Anheuser-Busch

Miller Reportedly Turns Down $100B Takeover Offer From Anheuser-Busch

With the deadline of Oct. 14 looming for Anheuser-Busch InBev to make a firm offer to acquire fellow beer biggie SABMiller, a new report says that the company’s early informal suggestion of “Hey, what do you guys think of $100 billion?” was turned away for being too low. [More]

Cablevision Agrees To Sell Itself For $18 Billion To European Telecom Giant Altice

Cablevision Agrees To Sell Itself For $18 Billion To European Telecom Giant Altice

While most U.S. cable/Internet operators have been looking at their fellow Americans as merger partners, New York-based Cablevision has made a $17.7 billion deal to sell itself to Altice, a Netherlands-based telecom titan. [More]

Anheuser-Busch InBev Asks Miller To Consider Taking Its Hand In Merger Marriage

Anheuser-Busch InBev Asks Miller To Consider Taking Its Hand In Merger Marriage

It’s a mega-merger that’s been hinted at for years, but today it moved out of the realm of “people close to the situation” and into an an actual confirmation from Anheuser-Busch InBev that it has talked to the folks at SABMiller about combining the two beer giants into an even larger beer titan. [More]

Comcast CFO Says Failure Of Time Warner Cable Merger Is “Blessing In Disguise”

Comcast CFO Says Failure Of Time Warner Cable Merger Is “Blessing In Disguise”

Comcast spent a year and a half, and untold millions, pushing for regulators to approve its $45 billion acquisition of Time Warner Cable. And then, when regulators said they would try to block the deal, the mega-merger evaporated. You might expect Comcast executives would still be stewing about their failed attempt to take over most of the cable and broadband service for both New York and Los Angeles, but at least one C-level suit at the company is trying to put it behind him. [More]

Hotel Industry Comes Out Against Merger Of Expedia & Orbitz

Hotel Industry Comes Out Against Merger Of Expedia & Orbitz

You might think of Expedia, Hotels.com, Hotwire, Travelocity, and Trivago as competitors in the online travel-booking business, but most people probably don’t know that all of these brands fall under the Expedia Inc. ownership umbrella. And so will Orbitz if the pending $1.6 billion merger of the two companies is approved. The leading hotel industry trade group says that this consolidation has gone too far. [More]