Mergers & Acquisitions

Staples on Monday sent a bid to Office Depot's board of directors with an offer to acquire the rival office supplies company for $40 per share, or $2.1 billion, reports South Florida SunSentinel. Staples, which is now a privately held company controlled by the private equity group Sycamore Partners, threatened to start buying shares in…

The Great American Outdoors Group has agreed to acquire Sportsman's Warehouse, a leading outdoor specialty company based in the western U.S. with 112 store locations, according to a press release. The Great American Outdoors Group portfolio of brands includes Bass Pro Shops, Cabela’s, White River Marine Group, and a collection of nature-based resorts. The parties expect the deal to…

Best Bath & Beyond (BB&B) said earlier this week that it will sell Cost Plus World Market as it aims to stabilize sales and focus on its core business. The home goods retailer announced that it’s struck an agreement with Los Angeles-based private equity firm, Kingswood Capital Management, which will buy Cost Plus World Market. The…

Home Depot announced on Monday that it plans to buy HD Supply for about $8 billion, Yahoo! Finance reported. This would set the home improvement chain up to regain control over the industrial materials wholesaler after selling it over 10 years ago to Bain Capital, Carlyle Group, and Clayton, Dubilier and Rice. Home Depot is…

Callaway Golf is buying trendy driving-range outfit Topgolf International in an all-stock transaction valued at $2 billion — giving the Carlsbad, Calif.-based company control of the party-golf attraction that’s credited with luring new players to the game. The deal was announced Tuesday. Callaway already owns 14 percent of Topgolf. It first invested in the company…

France’s LVMH will pay slightly less to acquire U.S. jeweler Tiffany & Co. after the two companies agreed to end a bitter dispute triggered by the COVID-19 pandemic and salvage the luxury sector’s biggest-ever deal. The new takeover price was set at $131.5 a share, down from $135 in the original deal, the companies said in a statement on…

J.C. Penney reached an agreement yesterday to sell its retail business to mall operators Simon Property Group and Brookfield Property Partners, averting a total liquidation. Simon and Brookfield will pay about $300 million in cash and assume $500 million in debt to buy J.C. Penney, lawyers for the retailer said at a Bankruptcy Court hearing. The deal…

Luxury goods giant LVMH is scrapping its $16.2 billion acquisition of Tiffany & Co., CNBC reported. The acquisition would have been the biggest deal ever in the luxury industry. The merger agreement was signed last November and had a closing deadline of no later than Nov. 20, 2020. However, Tiffany requested an extension until Dec. 31,…

In its first acquisition since being acquired by Shamrock Capital in June, Adweek announced the purchase of Target Marketing and Publishing Executive from NAPCO Media. Terms of the transaction were not disclosed.

Delta Galil Industries, the global manufacturer and marketer of branded and private-label apparel products for men, women and children, as well as leisurewear and activewear, announced that it has signed an agreement to acquire leading intimates brand Bare Necessities from Walmart, Inc. The transaction is expected to close in the next few weeks and be accretive…