Franchise News
Allegiant Announces Expansion to 2 New Cities and New Routes Service. Offer Fares As Low As $29 on the New Routes to Celebrate the Expansion
Cisco Announced Intent to Acquire Acano, Accelerate the Company's Collaboration Strategy
Cisco Systems Inc. has announced in a press release its intent to acquire Acano Ltd., a privately held company based in London that provides collaboration infrastructure and conferencing software, for $700 million. The transaction will allow Cisco to accelerate its collaboration business.
Latest News
FDA Approves Genetically Engineered Salmon for Consumption, Says the Fish is "Safe to Eat"
The U.S. Food and Drug Administration (FDA) has announced in a press release that they are approving AquaBounty Technologies’ application for the AquaAdvantage Salmon, a genetically engineered Atlantic salmon that reaches market size quickly than the not genetically engineered farm-raised Atlantic salmon. The FDA said that the genetically engineered Atlantic salmon is “safe to eat.”
Pfizer Nearing Agreement to Buy Allergan for about $150 Billion, Final Agreement Remains Uncertain Following Treasury's Tigthening of Rules on Inversions
Pfizer, Inc. is already in advanced talks to acquire Allergan Plc that would value the Botox maker as high as $150 billion, people familiar with the matter told Bloomberg. The people said, though, that a final agreement could be delayed, as well as a change in the terms of the transaction due to the U.S. Treasury Department’s changes on the rules on tax inversion deals.
Starboard Tells Yahoo to Drop its Plan to Spinoff Alibaba, Sell its Core Business Instead
Starboard Value LP is urging Yahoo! Inc. to drop its plan to spin off Aabaco Holdings, Inc., which contains the company’s non-core business assets, including Yahoo’s stake in Alibaba Group, according to Starboard’s letter sent to Yahoo. The activist investor is suggesting that Yahoo should instead be looking to sell its core business.
Dunkin Donuts Tests On-The-Go Ordering and Delivery Service, Makes their Products More Accessible to Customers
Dunkin’ Donuts has announced in a press release that they will begin testing their On-The-Go Ordering and Dunkin’ Delivery at select U.S. markets. The new program will allow Dunkin’ Donuts to make their products more accessible to their customers.
Airport Workers Go On Strike at Several U.S. Hubs, Fight Against Bad Wages, Threats on Unionizing
Airport workers at seven of the busiest hubs in the U.S. went on a strike on Wednesday, November 18, 2015, and will continue until Thursday, November 19, 2015, according to a report from Reuters. The workers are fighting against what they say are bad wages and threats against unionizing.
ConAgra to Separate into 2 Independent Public Companies, However, Move Leaves Bland Taste to Investors
ConAgra Foods, Inc. has announced in a press release that it will be splitting the company into two independent public companies. The split will allow the two businesses to be more focused and operate on their respective markets and capitalize on their long-term growth opportunities.
ON Semiconductor to Acquire Fairchild for $2.4 Billion in Cash
ON Semiconductor Corp. has announced in a press release that it will be acquiring Fairchild Semiconductor for $2.4 billion in cash. The acquisition will allow ON Semiconductor to be a global leader in the power semiconductor market.
Statoil Exits Alaska, Leases in Chukchi Sea No Longer Considered Competitive
Statoil, a major Norwegian oil company, has announced in a press release that it will be exiting its leases and closing its office in Alaska. The company said that it no longer find the leases in Chukchi Sea competitive within its global portfolio.
Air Liquide to Acquire Airgas for $13.4 Billion in Cash, Strengthen Company's Global Leadership Position
Air Liquide SA, a world leader in gases, technologies and services for Industry and Health, has announced in a press release that it will be acquiring Airgas Inc. for about $13.4 billion. The acquisition will strengthen Air Liquide’s global leadership position, combining Airgas’ number one position in the U.S. with the company’s number one positions in Europe, Africa / Middle East, and Asia-Pacific.
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