
Mergers & Acquisitions

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 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.
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 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 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 were…
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…
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…
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 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…