The cash and stock deal will see Elanco becoming the world’s second biggest animal health company and expand its footprint in the pet e-commerce space. On Tuesday, Elanco Animal Health stated it would acquire Bayer’s veterinary drugs business in what… Read More ›
mergers and acquisition
Fox Corp acquires U.S. consumer lender Credible Labs Inc for $397 million
The acquisition has synergy with Fox Business and Fox Television Stations, given that Credible would benefit from access to the broadcast and entertainment giant’s huge audience. On Monday, Credible Labs Inc, a U.S. consumer lender disclosed, it has agreed to… Read More ›
13 state Attorney Generals request new trial date for T-Mobile US Inc’s proposed merger with Sprint Corp
T-Mobile U.S. Inc’s merger with Sprint Corp faces last hurdle. In a letter to Magistrate Judge Robert Lehrburger dated July 31, attorney Glenn Pomerantz, who represents a group of 13 state attorneys general, requested that the trial date be set… Read More ›
Nexstar Media Group Inc and Tribune Media Co must divest TV station in 13 markets: US Justice Department
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 ›
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 ›
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 ›