M&A Industry News

The F.C.C. Is Pressuring Companies to Drop D.E.I. It's Succeeding, Too.

T-Mobile is the latest in a string of corporations to retreat from their diversity, equity and inclusion programs while the Federal Communications Commission reviews the companies' proposed mergers or acquisitions. In a letter this week to the…

DOJ ends probe into T-Mobile's $4.4 billion merger 2 days after the company committed to end DEI policies

T-Mobile is facing less regulatory heat from the Trump administration two days after the company signed a letter committing to end its DEI practices. The Justice Department announced on Thursday that it was closing an antitrust probe into…

Trump's DOJ seems annoyed about having to approve T-Mobile's latest merger

The Department of Justice Antitrust Division issued an unusual statement yesterday about its decision to let T-Mobile complete an acquisition of US Cellular's wireless operations. Assistant Attorney General Gail Slater of the Justice Department's…

Kellogg Megadeal Is This Italian Billionaire's 19th Acquisition

W hen Italian candy and food giant Ferrero announced it would acquire WK Kellogg — the cereal maker behind Froot Loops and Corn Flakes—for $3.1 billion on Thursday, it wasn't just one of the largest deals in the food industry in the…

Kellogg's Stock Explodes On M&A Talk-Too Late To Buy?

WK Kellogg Co. (NYSE: KLG) jumped nearly 30% on July 10 following the announcement from Italian food leader Ferrero regarding a $3.1 billion acquisition, inclusive of debt. This all-cash transaction values WK Kellogg at $23 per share, representing…

Race to recapitalise: 2 Nigerian banks begin merger talks as CBN deadline nears

Two national banks have commenced merger talks ahead of the recapitalisation target set by the Central Bank of Nigeria (CBN) The banks reportedly commenced the merger talks because they are unwilling to begin public offers Already, five Nigerian…

Windsurf's CEO goes to Google; OpenAI's acquisition falls apart

OpenAI's deal to acquire the viral AI coding startup Windsurf for $3 billion fell apart on Friday, according to The Verge. In a shocking twist, Google DeepMind is now hiring Windsurf CEO Varun Mohan, co-founder Douglas Chen, and some of the…

Merck's Verona Acquisition: Plugging A $4B Hole In A $20B Gap

Merck's recent acquisition announcement sends a strong signal regarding its urgency to tackle the impending Keytruda patent cliff. The pharmaceutical leader has made an agreement to acquire the COPD drug manufacturer Verona Pharma for $10 billion…

Transmission and Fluid Equipment Acquires Michigan Distributor

Maintenance, Cleaning Product Supplier Zep Sold to Los Angeles Firm

B&M European Value Retail falls Friday, underperforms market

Shares of B&M European Value Retail S.A. BME dropped 1.74% to £2.60 Friday, on what proved to be an all-around poor trading session for the stock market, with the FTSE 100 Index UKX falling 0.38% to 8,941.12. B&M European Value Retail S.A.

Legendary Is Mulling Acquisition of Lionsgate Studios

Legendary Entertainment is eyeing a deal to acquire Lionsgate Studios, following the latter company's recent separation from Starz, Variety has confirmed. The status of the two companies' deal talks could not be learned. If completed, the deal…

What's Behind The 20% Jump In AES Stock?

AES Corp.(NYSE:AES) is not usually a stock that makes headlines for significant price fluctuations, but investors were startled this week when it increased almost 20% in just one session on Wednesday. So, what is the reason for this sudden…

M&T Bank Corp. stock underperforms Friday when compared to competitors

Shares of M&T Bank Corp. MTB slipped 1.05% to $201.91 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 0.33% to 6,259.75 and Dow Jones Industrial Average DJIA falling 0.63% to…

US Foods Mulling Acquisition of Performance Food, Report Says

Shares of Performance Food Group and US Foods Holding each rose to an intraday record on Friday as Bloomberg reported on a potential deal between the companies. The outlet reported that US Foods 'has been evaluating an acquisition of Performance…