Nexstar Media Group Inc and Tribune Media Co will have to divest TV station in 13 markets so that their $6.4 billion deal satisfies antitrust concerns. The U.S. Justice Department told Nexstar Media Group Inc and Tribune Media Co that… Read More ›
M&A
Roche extends $4.3 billion takeover offer for Spark Therapeutics to September 3
The decision comes in the wake of continuing regulatory scrutiny by antitrust regulators in the UK and U.S. over its takeover offer. Following a continuation of regulatory reviews in the United States and Britain, Roche and Spark Therapeutics announced another… Read More ›
Philippines’ Jollibee Foods Corp acquires Coffee Bean & Tea Leaf for $100 million
Jollibee Foods Corp is the biggest fastfood chain in the Philippines. On Wednesday, Philippines’ Jollibee Foods Corp stated it is in the process of acquiring Coffee Bean & Tea Leaf, a U.S. brand, for $100 million. In a financial disclosure… Read More ›
KKR & Co acquires Arnott’s Biscuits for $2.2 billion
Arnott’s Biscuits is a brand that belongs to Campbell Soup Co. This is the second time in a week, that an offshore business has acquired an Australian food and drink business. According to a report from the Australian Financial Review,… Read More ›
Vodafone secures EU approval for its $22 billion bid to acquire Liberty Global’s assets
The development will allow Vodafone to better compete with German market leader Deutsche Telekom.
IG Metall accepts Bain and Carlyle’s takeover of Osram
IG Metall’s acceptance is contingent to Osram’s management sticking to its agreements on protecting jobs. On Friday, in a development that will pave the way for private equity firms Bain and Carlyle’s takeover of German lighting group Osram, Germany’s largest… Read More ›
Coty Inc to restructure and reorganize itself following challenges in integration of P&G Beauty
The restructuring plan includes a write down of nearly $3 billion of its intangible assets. In a significant development, Coty Inc announced that it would overhaul its operations and write down nearly $3 billion of its intangible assets. The move… Read More ›
Barbara Levi to be Rio Tinto’s general counsel
Barbara Levi is currently the Group Legal Head, M&A and Strategic Transactions for Novartis. She will be joining Rio Tinto on January 1, 2020 and will be replacing Philip Richards who will be retiring from Rio Tinto on December 31,… Read More ›
Eldorado Resorts Inc to merge with Caesars Entertainment Corp in a $18 billion deal
The combined company will give serious competition to big players in the casino industry such as Las Vegas Sands Corp, MGM Resorts International and Wynn Resorts Ltd. In a cash and stock deal, sources familiar with the matter at hand… Read More ›
Chevron Phillips Chemical Company bids $15 billion for Nova Chemicals Corp
The acquisition can help Chevron Phillips Chemical Company expand its footprints in the polystyrene and resins market, which is used across a range of industries. According to sources familiar with the matter at hand, Chevron Phillips Chemical Company, a joint… Read More ›
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