Franchise News
William Ackman Builds $5.5 Billion Stake at Mondelez, Attempts to Push Company to Grow or Sell Itself
Activist investor William Ackman has built a $5.5 billion stake in Mondelez International, Inc., the maker of Oreo cookies and Toblerone, according to a report from The Wall Street Journal.
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Adidas Acquires Runtastic, Enhances Offerings of Sportswear Tracker, Fitness Apps
The Adidas Group has just announced that it has acquired all the outstanding shares of the Runtastic GmbH at an enterprise value of €220 million or over $240 million, according to a press release issued by Adidas.
Netflix Offers Work Life Balance, Announces Unlimited Leave for Parents during First Year of Child Birth
Netflix has announced that they are offering unlimited paternity and maternity leave policy for their employees for one year, following the birth of their child or after adopting a child, according to a post in the Netflix blog.
GE Enters the Cloud Services Market, Announces Predix Cloud
General Electric (GE) has announced its plans to enter the cloud service market with its own cloud solution, called Predix Cloud, according to a press release issued by GE.
Motorola Solutions Announces Silver Lake $1 billion Investment, Will Use it to Accelerate Growth
Motorola Solutions, the leading global provider of innovative mission-critical communications solutions for public safety and commercial customers, has announced that Silver Lake will make a $1 billion investment to the company, according to a press release issued by Motorola Solutions.
RR Donnelley to Split into Three Independent Publicly Traded Companies, Expects Strategic and Financial Benefits
RR Donnelley Sons & Company has announced that it intends to create three independent, publicly traded companies, according to a press release issued by RR Donnelley.
Team Health to Acquire IPC Healthcare, Expand its Services, and Improve Offerings of Physicians
Team Health Holdings, Inc., a leading provider of outsourced physician staffing solutions for hospitals in the United States, announced that it has agreed to acquire IPC Healthcare, Inc. in an all cash transaction for about $1.6 billion, or $80.25 per share, according to the press release issued by Team Health.
Shire Proposes to Acquire Baxalta, Become a Global Biotech Company Focused on Rare Diseases
Shire Plc has announced that they have made a proposal to Baxalta, Inc. on July 10, 2015 for a possible merger in an “all-stock transaction,” according to the press release issued by Shire.
Aetna Beats Profit Estimates as Government Plans Expand, Increases Full-Year Earnings Forecast
Aetna, Inc., the third-largest health insurer in the U.S., has reported a second-quarter operating profit of $722.1 million, or $2.05 a share, a per share increase of 21 percent from the 2014 profit of the same quarter, according to a press release issued by Aetna.
US DOJ to Probe Deutsche Bank on Russian Trades for Possible Money Laundering
The U.S. Department of Justice (DOJ) is said to have been probing Deutsche Bank AG for trades worth billions of dollars in behalf of Russian clients, people with knowledge of the situation told Bloomberg.
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