Mergers & Acquisitions
Mattress Firm has agreed to acquire a competing chain, Sleepy's, in a $780 million deal that would give the Houston-based company access to new territory in the Mid-Atlantic and the Northeast while combining the nation's two biggest specialty mattress retailers. Company officials said the acquisition would make Mattress Firm the first truly national coast-to-coast retailerโฆ
Federal regulators scrutinizing Staplesโ $6 billion-plus bid to buy rival Office Depot are leaning against the deal and are preparing to block it, The Post has learned. Regulators are wary of a tie-up that will result in a single nationwide office supply giant to serve big corporate and government clients, two sources said. The Federal Trade Commissionโฆ
lululemon suddenly seems to be in better shape, thanks to a sale rumor on the Street. There's plenty of chatter that Under Armour is in talks to buy the maker of sometimes-sheer yoga pants, sending lululemonโs shares up more than 7 percent on Wednesday and Thursday.
Bass Pro Shops may be gobbling up competitor Cabelaโs. Missouri-based Bass Pro has been working with an investment bank on a potential offer of its Nebraska-based publicly traded competitor, according to these reports.
CVC Capital Partners and the Canadian Pension Plan Investment Board have agreed to buy Petco Animal Supplies Inc. in a deal worth about $4.7 billion, people with knowledge of the matter said. The two firms beat a joint offer from buyout firms KKR & Co. and Hellman & Friedman, as well as a bid by Apolloโฆ
Staples may need to โMake More Happenโ to resolve antitrust concerns about its proposed takeover of closest rival Office Depot. Several of Staplesโ big corporate customers have told government regulators in recent days that they arenโt satisfied with the companyโs proposed asset sales to win regulatory approval, The Post has learned.
Fossil has agreed to acquire Misfit, a maker of wearable devices, for $260 million to shore up its technology as it pushes into smartwatches. Misfit makes a variety of wearable devices, such as fitness and sleep-tracking wristlets and a clip-on smart button that tracks activities. Fossil singled out Misfit's battery-life technology as a particularly appealing component.
Supermarket operator Kroger Co said it would buy smaller chain Roundy's Inc for $800 million including debt to expand in Wisconsin and the Chicago area. The $3.60 per share cash offer represents a 65 percent premium to Roundy's Tuesday close of $2.18. Roundy's shares rose to $3.58 in premarket trading on Wednesday. Kroger's shares wereโฆ
Thereโs a surprise bidder in bankrupt grocery chain Haggenโs auction to shed most of the Albertsons stores it bought in its ill-fated expansion bid: Albertsons. The grocery giant was required to sell 146 stores to Haggen last year before the Albertsons-Safeway merger was approved by federal regulators. Now Albertsons is the โbaseline bidderโ for 36 of theโฆ
Privately held outdoors retailer Bass Pro Shops is exploring an offer for Cabela's, the U.S. hunting and fishing store chain targeted by activist investor Elliott Management, people familiar with the matter said. Bass Pro Shops is working with an investment bank on the potential offer, the people said this week. Cabela's has recently begun toโฆ