Mergers & Acquisitions

Under Armour May Be Working Out lululemon Purchase
November 23, 2015 at 11:54 am

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 lululemon’s shares up more than 7 percent on Wednesday and Thursday.

Bass Pro Shops Showing Increasing Interest in Buying Cabela's
November 23, 2015 at 11:44 am

Bass Pro Shops may be gobbling up competitor Cabela’s. 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.

Petco Acquired in $4.7B Deal
November 23, 2015 at 11:31 am

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 Apollo…

Staples’ Customers Take Dim View of $6B Office Depot Deal
November 19, 2015 at 11:45 am

Staples may need to “Make More Happen” to resolve antitrust concerns about its proposed takeover of closest rival Office Depot. Several of Staples’ big corporate customers have told government regulators in recent days that they aren’t satisfied with the company’s proposed asset sales to win regulatory approval, The Post has learned.

Fossil to Buy Wearable Maker Misfit for $260M
November 13, 2015 at 10:08 am

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.

Kroger to Buy Roundy's to Expand in Midwest
November 11, 2015 at 10:29 am

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 were…

Albertsons Bidding for 3 Dozen Haggen Stores
November 10, 2015 at 10:49 am

There’s a surprise bidder in bankrupt grocery chain Haggen’s 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 “baseline bidder” for 36 of the…

Bass Pro Shops Explores Bid for Cabela's
November 6, 2015 at 12:02 pm

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 to…

Belk Shareholders Approve Sale to Sycamore Partners
November 6, 2015 at 11:52 am

Shareholders of Charlotte-based Belk on Wednesday approved the sale of the company to New York private equity firm Sycamore Partners, one of the last steps needed to end family control of the department store chain. The $3 billion deal announced in August has passed all required regulatory approvals, Belk said in a statement Wednesday. It's…

American Eagle Acquires Tailgate Clothing Line
November 4, 2015 at 11:16 am

American Eagle Outfitters, looking to infuse its middle-American collegiate brand with fresh, smart ideas, has settled on Todd Snyder as one of its new idea guys. The name won’t be familiar to everyone, but in fashion circles, Mr. Snyder’s name is known for both a premium menswear line sold in places like Nordstrom and for his…