Mergers & Acquisitions
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…
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…
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…
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…
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…
March 1, 2016 at 11:38 am
Sports Authority Inc., which is preparing to file for bankruptcy, has discussed selling stores and intellectual property to rival chain Dick’s Sporting Goods Inc. and other parties, according to two people familiar with the situation. The Dick’s transaction is one of several options being considered, said one of the people, who asked not to be identified…
February 29, 2016 at 10:36 am
Jet.com, an online retail startup challenging Amazon.com, is doing a little shopping of its own. On Monday, the company announced that it had made its first acquisition with the purchase of Omaha, Neb.-based Hayneedle, a home goods e-commerce company. Terms of the deal weren't disclosed.
February 17, 2016 at 11:28 am
Alibaba disclosed in an SEC filing late Friday that it acquired nearly 33 million shares of Groupon in the fourth quarter. That works out to about a 5.6 percent stake. This makes Alibaba the fourth-largest owner of Groupon. Shares of Groupon soared more than 40 percent in midday trading. That follows a nearly 30 percent…
February 17, 2016 at 10:46 am
DSW Inc. agreed to buy online shoe retailer Ebuys Inc. for an up-front payment of $62.5 million, in a bid to expand its online presence and grow its business abroad. Ebuys, the parent of retail sites ShoeMetro and ApparelSave, is also eligible for additional payments based on its future performance. DSW sells shoes and accessories with 469…
February 16, 2016 at 10:31 am
Kroger keeps growing and growing. Not counting acquisitions, Kroger has notched a stunning 12 straight years of growing sales at its nearly 2,800 stores. But now, thanks to its financial strength, the Cincinnati-based supermarket giant is growing increasingly by taking over rivals too. This week, Kroger was named as a potential suitor for struggling upscale grocer…
