Mergers & Acquisitions

Staples, Office Depot Scrap Merger After Judge Blocks Deal
May 11, 2016 at 11:11 am

Staples and Office Depot said Tuesday they're scrapping their planned $6.3 billion merger after a federal judge blocked the deal, saying the government had made the case that the combination would likely hurt competition in office supplies. The Federal Trade Commission had sought to block the merger of the last two national office-supply chains. It contended…

Build-a-Bear is On the Hunt for a Sale
May 4, 2016 at 9:49 am

There’s a big sale occurring in the toy aisle: Build-A-Bear, with a market value of around $200 million, says it is mulling strategic alternatives — typically corporate lingo indicating a firm is on the block. Investors cheered the news, sending shares of the toy maker, which operates around 400 stores globally, up more than 8 percent…

Staples-Office Depot Merger in Hands of Judge
April 21, 2016 at 11:54 am

The U.S. lawsuit to block Staples Inc. from buying Office Depot Inc. now rests with a judge who's undercut the government's case throughout the trial. During final arguments Tuesday by the companies and the Federal Trade Commission, District Judge Emmet Sullivan needled the government about why its economic expert completed his analysis about the scope of…

Bass Pro Teams With Goldman Sachs for Cabela's Bid
April 20, 2016 at 10:55 am

Privately held outdoor retailer Bass Pro Shops has partnered with Goldman Sachs Group Inc's private equity arm to make an offer for U.S. hunting and fishing store chain Cabela's Inc, according to people familiar with the matter. The move gives Bass Pro Shops the equity financing necessary to pursue Cabela's, and makes such a deal more…

Staples Closing in on Office Depot Deal
March 29, 2016 at 10:43 am

Staples could be on the brink of winning its case against the Federal Trade Commission, possibly clearing the way for it to acquire Office Depot, sources told The Post. The judge overseeing the FTC suit against the office supply chain said he will entertain a motion from Staples’ legal team to dismiss the case once…

Amazon Exec Weighs in on Proposed Staples-Office Depot Merger
March 23, 2016 at 11:07 am

An executive with Amazon.com Inc's unit that sells office supplies to businesses gave testimony on Tuesday that appeared to bolster a U.S. regulator's wariness over a potential merger of Staples Inc and Office Depot Inc. The U.S. Federal Trade Commission filed a lawsuit last year to block the proposed $6.3 billion acquisition of Office Depot by…

Sherwin-Williams Buying Valspar for $11.3B
March 21, 2016 at 11:54 am

Sherwin-Williams, which has long claimed to "cover the Earth" with its paints, is buying rival Valspar for about $9 billion in a move that it says will expand its reach in Asia and Europe. Sherwin-Williams said Sunday that it's paying $113 a share in cash, a 35 percent premium to the closing price of Valspar's stock…

Staples Seeks Documents From Amazon in Federal Fight to Merge With Office Depot
March 14, 2016 at 11:27 am

Staples wants more data from Amazon.com as it prepares to fight the Federal Trade Commission over the federal regulator's challenge of its $6.3 billion merger with Office Depot. Staples filed a motion on March 10 asking a U.S. District Court in Washington D.C. to compel Amazon to produce more documents and data. A subpoena served earlier…

Fresh Market Acquired by Private Equity Firm for $1.36B
March 14, 2016 at 11:15 am

The Fresh Market has agreed to be acquired by an affiliate of private equity firm Apollo Global Management for $1.36 billion, the companies said on Monday. Under the terms of the deal, Apollo-affiliated funds will pay $28.50 per share in cash for the grocer, which represents a 24 percent premium over Friday’s closing price and a 53 percent premium from before…

Samsonite Nears Deal to Buy Tumi
March 3, 2016 at 9:42 am

Samsonite International SA, the world’s largest branded-luggage maker, is nearing an acquisition of luxury luggage maker Tumi Holdings Inc., and a deal could be announced as soon as this week, The Wall Street Journal reported, citing unnamed people familiar with the matter. Exact terms of a deal couldn’t be learned, but South Plainfield, New Jersey-based Tumi…