In a somewhat shocking move, two giant tobacco-related companies have announced their intent to seek an all-stock “merger of equals,” despite the notable differences in market caps. As a reminder, the companies had been one until 2008, when they divided their operations – “Philip Morris International Inc. (NYSE: PM) today announced that it is in […]
AT&T’s Victory in Time Warner Merger Clears Way for Deal Bonanza…
AT&T’s victory against the federal government’s challenge to a proposed merger with Time Warner furthers the company’s goal of becoming a media powerhouse and may clear potential hurdles for other businesses pursuing similar acquisitions. The case, in which a federal judge rejected the government’s claim that the deal would hinder competition and raise consumer costs, […]
Whole Foods Shareholders Sue to Block Amazon Merger…
A pair of class-action lawsuits claim a financial statement issued by Whole Foods to its stockholders did not disclose potential conflicts of interest and other relevant information about its proposed merger with Amazon. Robert Riegel and Robert Berg sued Whole Foods Market and its board of directors in Austin federal court for alleged securities violations […]
Agricultural Mega-Merger Could Make China Leading GMO Producer…
A $43 billion takeover deal that would merge Chinese state-owned agriculture company ChemChina and Swiss-owned seed company Syngenta is expected to turn the world’s second largest economy into a biotech titan. In recent weeks, the deal has been approved by EU and US authorities. Once closed it will be China’s biggest overseas acquisition. It will […]
Kraft Heinz Pulls Plug on Massive Unilever Bid…
Never mind. Two days into its public courtship of Unilever, Kraft Heinz is walking away, scuttling what would have been one of the biggest brand mash-ups ever. The food conglomerate, which is backed by investor Warren Buffett, withdrew its $140 billion-plus takeover bid for European consumer products giant Unilever (UL). “Kraft Heinz has amicably agreed […]
ObamaCare Death Spiral Accelerates as Aetna Pulls Out of the Exchanges…
Tesla and SolarCity to Combine…
Just over a month ago, Tesla made a proposal to purchase SolarCity and today we are announcing that the two companies have reached an agreement to combine, creating the world’s only…
There’s a Reason Someone Is Supposed to Keep an Eye on Massive Mergers…
David Sirota, has been all over an interesting story of crony capitalism involving a massive $54-billion proposed merger negotiated between Cigna and Anthem…
How IBTimes Reporting Is Driving Cigna-Anthem Merger Details Into the Light of Day…
Kevin Lembo, called on Insurance Department Commissioner Katharine Wade to recuse herself from a review of the proposed merger of the nation’s second- and fourth-largest insurers, Anthem and Cigna…
New York Gives Aetna-Humana Merger Green Light With Conditions…