Franchise News
Pfizer Nearing Agreement to Buy Allergan for about $150 Billion, Final Agreement Remains Uncertain Following Treasury's Tigthening of Rules on Inversions
Starboard Tells Yahoo to Drop its Plan to Spinoff Alibaba, Sell its Core Business Instead
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.”
Latest News
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.
Citrix to Spin Off GoTo Business, Enhances Company's Strategic Focus and Competitive Positions
Citrix Systems, Inc., a cloud computing software maker, has announced in a press release that it plans to spin off its GoTo family of products into a separate, publicly traded company. The move will allow Citrix and its GoTo business to enhance their strategic focus and respective competitive positions.
American Airlines to Change Loyalty Program in 2nd Half of 2016
American Airlines Group has announced in a press release that it will be changing its AAdvantage loyalty program in the second half of 2016. The airlines loyalty program will shift how customers can earn award miles from distance flown to dollars spent.
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.
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