Biz/Tech
FTC Challenges Proposed Merger of Staples And Office Depot, Claiming Move Would Harm Competition
CMA CGM Annouces Plans To Acquire Neptune Orient, Aims To Reinforce Global Shipping Position
CMA CGM, a French container shipping company, has announced in a press release that it will be acquiring Neptune Orient Lines (NOL). The acquisition will enable CMA CGM to reinforce its position in the container shipping industry.
Latest News
Amazon Buys New Truck Trailers, Looking to Make Deliveries More Efficient
Amazon.com Inc. announced in an event in Chicago that it will start rolling out thousands of Amazon-branded tractor-trailers, according to a report from Wired. The new tractor-trailers are to help make deliveries more efficient.
Avon Close to Selling its North American Business to Cerberus, Barington Warns Avon of the Deal
Avon Products Inc. is in advanced talks to sell its North American business to Cerberus Capital Management LP, a private equity firm, people familiar with the matter told The Wall Street Journal. Barington Capital Group LP, a private equity investor who led a group that collectively owns a three percent stake in Avon, warns the cosmetics maker against the transaction with Cerberus.
Google Buys 842 Megawatts of Renewable Energy, Largest Purchase of Renewable Energy by Non-Utility Company
Google has announced in a blog post that it will be adding 842 megawatts of renewable energy capacity to power its data centers. The investment is the largest purchase of renewable energy made by a non-utility company.
Sandell Asset Management Tells Bob Evans to Consider Selling its Packaged Foods Business to Post Holdings, Business could be Sold for More than $950 Million
Sandell Asset Management Corp. has released a copy of the letter, published in Business Wire, that it sent to Bob Evans Farms, Inc. board of directors, urging them to consider selling BEF Foods, its packaged foods business, to Post Holdings Inc. Post Holdings, the maker of Honey Bunches of Oats and Grape-Nuts cereal, would be interested in the deal and could potentially pay more than $950 million for the packaged foods business.
Motorola Solutions to Acquire Airwave for about $1.2 Billion, Expand its Managed and Support Services Business
Motorola Solutions Inc. has announced in a press release that it will be acquiring Airwave Solutions Ltd. for £817.5 million or approximately $1.2 billion. The acquisition expands Motorola’s Managed & Support Services business.
KaloBios to Acquire Benznidazole Program, Program is Used for the Treatment of Chagas Disease
KaloBios Pharmaceuticals, Inc. has announced in a press release that it will be acquiring a benznidazole program from Savant Neglected Diseases, LLC, a privately-held specialty pharmaceutical company. The program is used for the treatment of Chagas Disease.
Barclays to Sell Italian Retail Banking Business to CheBanca!, Part of Reduction of Non-Core Business
Barclays PLC has announced in a press release that it will be selling its Italian Retail Banking network of 89 branches to CheBanca!, the retail arm of the Mediobanca Group. The transaction is part of Barclays’ strategy to reduce businesses that are unprofitable or lack scale.
Shell Receives Final Australian Regulatory Clearance, Combination with BG Only Needs Clearance from China Regulators
Royal Dutch Shell plc has announced in a press release that its recommended combination with BG Group plc has received approval from the Australian Foreign Investment Review Board (FIRB). The recommended combination now only needs approval from China’s regulatory authorities.
Qualcomm Enters Patent License Agreement with Xiaomi, Quells Fears that Chinese Vendors are Ignoring Company's Patent Licensing
Qualcomm Inc. has announced in a press release that it has entered into a new 3G and 4G China patent license agreement with Xiaomi Inc., a leading Chinese smartphone and Internet company. The announced agreement quells investors’ fears that Chinese vendors are ignoring Qualcomm’s patent licensing.
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