Want a Panera sandwich with a Starbucks coffee? Right now, you’ll have to go to two different stores, but in the future they could be one and the same: Panera is reportedly looking for a buyer, and the coffee giant is apparently on the shortlist. [More]
takeover
Report: Hudson’s Bay Looking To Take Over Macy’s
By 2.3.17
Macy’s could soon be heading to Fifth Avenue, or rather, to the parent company of stores like Saks Fifth Avenue and Gilt, Hudson’s Bay is reportedly looking to take over the struggling department store. [More]
Report: Reynolds Rejects British American Tobacco’s $47B Takeover Offer
By 11.14.16
Last month, British American Tobacco offered $47 billion to purchase the roughly 42% stake of R.J. Reynolds American that it didn’t already own. Now, the London-based company’s dream of creating the world’s largest tobacco company has been dashed. [More]
The Bidding War Is Over: China’s Anbang Insurance Drops Pursuit Of Starwood Hotels
By 4.1.16
Just three weeks after crashing Marriott’s party and throwing billions of dollars in the ring to take over Starwood Hotels — the operator of brands like Sheraton, St. Regis, Westin, and W — China’s Anbang Insurance Group packed up its bids and decided to go home, leaving Marriott and its $13.25 billion to be crowned the merger winner. [More]
Virgin America Reportedly Gets Takeover Bids From JetBlue, Alaska Airlines
By 3.28.16
Well that was fast. Less than a week after Virgin America realized it was a pretty hot commodity and said it would consider putting itself up for sale, the company has reportedly received not one, but two takeover bids from rival airlines. [More]
Bidding War Continues: China’s Anbang Insurance Offers $14B For Starwood Hotels
By 3.28.16
Just when you thought $13.6 billion was enough to put an end to the bidding war for Starwood Hotels — home to brands like Sheraton, St. Regis, Westin, and W — and crown Marriott the victor, the other suitor, China’s Anbang Insurance Group, comes back to sweeten the deal with an offer of $14 billion. [More]
Report: Verizon Exploring Acquisition Or Joint Venture With AOL
By 1.5.15
The first major marriage of two companies in 2015 may be taking shape just five days into the new year after reports surfaced Monday that Verizon Communications has approached AOL about a possible joint venture or acquisition. [More]
Olive Garden Overhaul: Darden Loses Board Seats To Breadstick Police Investors
By 10.10.14
There might be fewer breadsticks in the basket next time you visit Olive Garden. Okay, fine we don’t really know if that’s true, but we do know that Darden Restaurant Inc., the parent company of the Italian restaurant, lost all of its board seats to investors turned breadstick police Starboard Value LP today. [More]
Tyson Foods Makes A Play For Hillshire Brands With $6.8B Offer
By 5.29.14
There’s a meaty war brewin: just two days after Pilgrim’s Pride made a bid to take over Hillshire Brands, Tyson Foods crashed the party and upped the stakes with a bid of its own. [More]
Pilgrim’s Pride Makes Move To Purchase Hillshire Brands For $6.4B
By 5.27.14
What do you get when you combine the second-largest chicken producer in the United States and one of the top packaged meat and frozen food companies in the world? The country’s largest producer of meat for breakfast, lunch and dinner. Or to be more accurate, the possible take over of Hillshire Brands Co., by Pilgrim’s Pride. [More]
FCC Chair Wants Comcast To Guarantee Access To NBC Programs
By 12.23.10
In a memo to be circulated today, Federal Communications Chairman Julius Genachowski is expected to tell his fellow commissioners that he wants Comcast to agree to certain conditions before approving the cable giant’s takeover of NBC. Among them: a guarantee that competitors will be able to get access to NBC programs at fair rates, and an assurance that the company won’t throttle streaming services such as Netflix. [More]
