American Apparel denied a report by a private equity and deals news website that the clothing chain was looking for a buyer. Get the full story »
Filed under: M&A
NYSE Euronext believes that any kind of merger with Nasdaq OMX — whether the Big Board were the buyer or the seller — makes little strategic sense, and antitrust regulators would block it, according to a source close to the company.
Merck & Co. said Tuesday that it would acquire eye treatment maker Inspire Pharmaceuticals Inc. for about $430 million to expand its ophthalmology business. Get the full story »
Diamond Foods Inc. is buying Procter & Gamble Co.’s Pringles chips business in a deal valued at $1.5 billion.
Analysts have been speculating for years that Procter & Gamble might shed Pringles, as the world’s biggest consumer products maker had indicated in the past that the food business didn’t fit in with the rest of its portfolio. Get the full story »
Texas Instruments Inc. is buying National Semiconductor Corp. for about $6.5 billion in cash, paying a nearly 80 percent premium for the analog chipmaker. Get the full story »
Hub Group Inc. acquired privately held Exel Transportation Services for $83 million, in a deal that combines intermodal transportation companies with complementary services. Get the full story »
Nasdaq OMX and IntercontinentalExchange on Friday announced a joint $11.3 billion bid to buy the parent company of the New York Stock Exchange, topping an offer by Germany’s Deutsche Boerse. Get the full story »
From The Jackson Sun | Long Grove-based MAT Holdings has bought the air compressor, generator and pressure washer manufacturing arm of Stanley Black & Decker based in Jackson, Tenn. MAT will add the operation to its Power Equipment Group. Terms were not disclosed.
AMR Corp., parent of American Airlines, said it was investigating the legitimacy of a reported $3.25 billion buyout offer from a company called Sterling Global Holdings.
AMR confirmed it received a letter from Sterling Global on Wednesday, but said “at this time we have no corroborating information to demonstrate the offer described in the letter is legitimate.” Get the full story »
AT&T Inc.s $39 billion bid to buy Deutsche Telekom AG’s T-Mobile USA came under scrutiny from New York’s attorney general, who said he is looking into its possible anticompetitive impact.
Citing a potential “near duopoly” as a result of the proposed deal, Atty. Gen. Eric Schneiderman said he wants to ensure the acquisition does not reduce access to low-cost cell phone options. Get the full story »
Sprint Nextel urged regulators to block AT&T Inc.’s $39 billion bid to buy Deutsche Telekom AG’s T-Mobile USA.
Sprint, the No. 3 U.S. mobile carrier, said in a statement Monday that the transaction would harm consumers and competition. Get the full story »
EBay plans to buy e-commerce company GSI Commerce for $1.96 billion in cash in a bid to draw more buyers and sellers to its online marketplaces and win more business from large store chains. Get the full story »
By Josh Noel and Emily York | Goose Island Beer Co., the Chicago-based brewing powerhouse, announced this morning that it will be taken over by Anheuser-Busch (A-B) for $38.8 million.
Goose Island, whose legal name is Fulton Street Brewery LLC, is selling a 58 percent stake in the company to A-B for $22.5 million. The Craft Brewers Alliance, in which A-B holds a 32 percent stake, has agreed to sell its own Goose Island stake to A-B for $16.3 million. The Craft Brewers Alliance owns the remaining 42 percent of Goose Island. Get the full story »
Chicago-based Northern Trust Corp. has agreed to buy hedge fund manager Citadel LLC’s fund administration business, Omnium LLC, a person familiar with the situation said Thursday. The value of the deal was not known. Get the full story »