Mergers & Acquisitions

Lowe's is expanding its footprint in Canada with a $2.3 billion acquisition of the home improvement retailer Rona. It's Lowe's second run for the company. Lowe's made a $1.9 billion bid for Rona in 2012, but that deal never went through. Chairman and CEO Robert Niblock said in a written statement Wednesday that the acquisition gives Lowe's…

CVS Health is about to undertake its biggest expansion in years: the drugstore operator has opened the first of the pharmacies it's taking over from Target. Last summer, the two companies announced that Target would sell its 1,672 pharmacies to CVS for $1.9 billion, a deal that closed in December. Those CVS “stores-within-a-store,” beginning with a…

Office supplies retailer Staples Inc. delayed its planned merger with rival Office Depot Inc. on Wednesday as federal regulators continue their effort to block the deal. The boards of both companies said they will extend their merger agreement, which was set to expire Feb. 4, more than three months to May 16. The extension will allow…

Genesco Inc. President, Chairman and CEO Robert Dennis continues to up his efforts to turn around the company’s once-struggling Lids Sports Group. Genesco announced Tuesday that it has sold Lids Team Sports, part of Lids Sports Group, to sporting-goods marketer and distributor BSN Sports.

The board of American Apparel Inc. has rejected a $300 million takeover bid from investors who support the return of ousted Chief Executive Dov Charney, according to a person familiar with the matter. The rejection of an offer from Hagan Capital Group and Silver Creek Capital Partners is yet another dramatic turn for the Los Angeles…

Jerry Storch, the chief executive of Hudson’s Bay, comments on the company's deal to acquire digital retailer Gilt Groupe for a quarter of its private valuation.

Walgreens has agreed to sell its Chicago-area health clinics to Downers Grove, Ill.-based Advocate Health Care as part of the drugstore chain's massive effort to streamline operations and cut costs. The two companies said Monday that the deal includes all 56 of Walgreens’ in-store clinics in the region, which will come under Advocate's ownership in May. Terms…

Howard Levine is stepping down as chief executive officer of Matthews, N.C.-based Family Dollar on Jan. 15, the company announced Friday. Levine’s departure follows Virginia-based Dollar Tree’s acquisition of Family Dollar last summer. At the time, the company had said Levine would remain with the company for two years to assist with the integration, reporting to…

Hudson’s Bay Co. is preparing to pay $250 million to buy Gilt Groupe Holdings, Inc., a membership-based online retailer that caters to shoppers in the millennial generation. The Toronto-based retailer says Gilt has more than 9 million members, and the acquisition is expected to add about $500 million to HBC’s overall revenue this year. About half of…

Family-owned Mills Fleet Farm has agreed to sell to New York-based KKR, one of the country’s largest investment concerns that has holdings in various industries totaling about $100 billion. Terms of the deal, expected to be announced Tuesday, weren't disclosed. However, after the Mills family put the privately held chain of 35 stores up for sale…