Albertsons sues Kroger and ends failed grocery megamerger
The lawsuit over a deal to combine the two largest U.S. supermarkets came just a day after it was blocked in both federal and Washington state courts.
mergers
Kroger and Albertsons grocery megamerger halted by two courts
Two rulings — in federal and state courts — make it increasingly likely that Kroger might abandon its $24.6 billion plan to buy Albertsons. The merger aimed to combine two of America's largest supermarket chains.
FTC and Justice Department double down on strategy to go after corporate monopolies
New guidelines from the FTC and Justice Department are part of a broader push to promote competition and limit what the White House sees as excessive consolidation.
BB&T And SunTrust To Merge, Forming 6th-Largest Bank In The U.S.
The new bank is set to have its headquarters in Charlotte, N.C. Both of the banks are calling it a "merger of equals," but the deal is weighted toward BB&T, whose CEO will be in charge.
Michael Kors Buys Italy's Versace Fashion House For $2.12 Billion
Michael Kors says it wants to add about 100 Versace stores worldwide to reach a goal of 300. It also plans to focus more on accessories and shoes.
U.S. Judge Approves AT&T's $85 Billion Merger With Time Warner
A judge gave his blessing to AT&T's drive to take over the Time Warner media conglomerate. He rejected the Justice Department's arguments that the combined company would be too powerful.
T-Mobile, Sprint Announce A Plan For Merger
The combined company would be called T-Mobile, and have a total value of $146 billion based on current stock prices. The deal, subject to regulatory review, comes after years of failed merger talks.
Chinese Firm Buying Lip-Sync App Musical.ly For Up To $1 Billion
The teen-oriented app has had exponential growth since its 2014 launch — much like Bytedance, the Chinese tech company set to acquire it.
Potential T-Mobile And Sprint Merger Falls Apart
The third- and fourth-largest U.S. wireless carriers had been in talks for a long time but announced Saturday that they could not agree on mutually beneficial terms.
British American Tobacco Finishes Purchase of Reynolds American, Inc.
The moment that industry watchers have been expecting for more than a decade is here.