Franchise News
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.
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Wells Fargo Names Tim Sloan as President and COO, Makes Him Likely Successor to Chairman and CEO John Stumpf
Wells Fargo & Co. has announced in a press release that it has named Timothy J. Sloan, a 28-year company veteran, to be the president and COO, effective immediately. The move makes Sloan the likely successor to Wells Fargo chairman and CEO John G. Stumpf, who is 62-years-old.
Canadian Pacific Proposes Merger with Norfolk Southern, Will Reshape North American Rail Industry
Canadian Pacific Railway Ltd. has sent an offer letter to Norfolk Southern Corp. that proposes a business combination of the two companies, according to a press release issued by Canadian Pacific. The merger of the two companies would reshape the North American rail industry.
Media General Rejects Nextstar's Bid, But Agrees to Engage in Negotiations
Media General, Inc. has announced in a press release that their board has unanimously rejected Nexstar Broadcasting Group, Inc.’s unsolicited proposal, as currently constructed, for Nexstar to acquire all the outstanding common stock of Media General. The company, though, agrees to engage in negotiations with Nexstar regarding the proposed merger.
Taco Bell Aims To Serve Eggs From Cage-Free Chickens In All U.S. Restaurants By End Of 2016
Taco Bell Corp. announced in a press release that 100 percent of its more than 6,000 U.S. corporate and franchised-owned restaurants will exclusively serve cage-free eggs by December 31, 2016. The move would make Taco Bell the first national quick service restaurant to completely implement the change.
Constellation Brands Acquires Ballast Point, Allows it to Compete in Craft Beer Segment
Constellation Brands Inc. has announced in a press release that it will be acquiring Ballast Point Brewing & Spirits, one of the fastest growing craft beer companies in the U.S., for approximately $1 billion. The acquisition allows Constellation to compete in the fast-growing craft beer segment and further strengthen its position in the highest end of the U.S. beer market.
Liberty Global Acquires Cables & Wireless, Creates Leading Consumer, B2B Communications Provider in Latin America and the Caribbean
Liberty Global plc has announced in a press release that it will be acquiring Cable & Wireless Communications Plc for approximately £3.5 billion, or $5.3 billion. The acquisition would create the leading consumer and B2B communication provider in Latin America and the Caribbean.
Julius Baer to Increase its Stake at Kairos, Reinforces its Long-Term Position in Italy
Julius Baer Group Ltd. has announced in a press release that it has agreed to increase its stake at Kairos Investment Management SpA, the leading independent Italian wealth and asset management firm. The acquisition would reinforce Julius Baer’s and Kairos’ long-term position in Italy.
Marriott to Acquire Starwood Hotels & Resorts, Become World's Largest Hotel Company
Marriott International, Inc. has announced in a press release that it will be acquiring Starwood Hotels & Resorts Worldwide, Inc. for $12.2 billion. The acquisition makes Marriott the largest hotel company in the world.
CEO Marcelo Claure Discusses 'One Sprint' Business Strategy
Marcelo Claure, the CEO of Sprint Corp., has just revealed his “One Sprint” business strategy in a weekly newsletter to employees, according to a report from the Kansas City Business Journal.
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