MORGAN MURPHY: This Boondoggle Shows Why Trump Must Reform The Pentagon’s Acquisition Process
Forget the $500 hammer. The newest report from the Government Accountability Office puts the cost of America’s ailing Lightning II F-35 joint strike fighter at an estimated $2 trillion. Have all those zeros…
The Soros Empire Is Expanding Its Reach Into Media With Latest Radio Acquisition
The Soros Empire Is Expanding Its Reach Into Media With Latest Radio Acquisition Robert Schmad on February 18, 2024 Earlier this month, the investment firm founded by George Soros acquired over $400…
Amazon’s abandoned acquisition leaves iRobot in Carlyle debt straightjacket
By Greg Roumeliotis (Reuters) – The collapse of iRobot’s $1.4 billion sale to Amazon will test the cash-strapped robot vacuum cleaner maker’s ability to repay a $200 million loan it took from…
Singapore regulator begins in-depth review on Grab’s acquisition of Trans-cab
(Reuters) – The Competition and Consumer Commission of Singapore (CCCS) on Wednesday said it has commenced an in-depth review of the proposed acquisition of Trans-cab, Singapore’s third-largest taxi operator, by ride-hailing company…
US judge allows FTC to temporarily block IQVIA acquisition of DeepIntent
By GursimranKaur Mehar and Mrinmay Dey (Reuters) -A U.S. court on Friday upheld a Federal Trade Commission (FTC) order to block IQVIA’s acquisition of DeepIntent, a healthcare advertising firm, as it may…
Road to Nippon’s $14.9-billion acquisition of U.S. Steel
(Reuters) – Japan’s Nippon Steel’s $14.9-billion acquisition of U.S. Steel, finalized at auction on Monday, is the culmination of multiple bids by a range of suitors for the 122-year-old company, once the…
Brick Township to Expand Open Space with New Property Acquisition
BRICK, NJ – Mayor Lisa Crate, in conjunction with the Township Council, has announced the authorization for the Mayor to acquire a new property for inclusion in the Township’s Open Space inventory.…
Sanofi to explore acquisition of cancer drugmaker Mirati- Bloomberg News
(Reuters) – Paris-based drugmaker Sanofi is exploring a potential acquisition of cancer drugmaker Mirati Therapeutics, Bloomberg News reported on Thursday citing people familiar with the matter. Deliberations are ongoing and there is…
Intel to offer foundry services to Tower Semiconductor after acquisition deal falls through
(Reuters) – Intel will offer foundry services to Tower Semiconductor in a new deal that will see the Israeli contract chipmaker invest $300 million in Intel’s New Mexico factory, the companies said…
ION seals acquisition of Italy’s Prelios from Davidson Kempner in estimated $1.5 billion deal
By Valentina Za and Pablo Mayo Cerqueiro LONDON (Reuters) -U.S. hedge fund Davidson Kempner Capital Management (DK) said on Friday it had agreed to sell Prelios to fintech firm ION Group, in…
Largest US Bank Notches Massive Profits Following Government-Assisted Acquisition
Largest US Bank Notches Massive Profits Following Government-Assisted Acquisition Will Kessler on July 14, 2023 The biggest bank in America announced huge profits Friday after previously striking a deal with federal regulators…
Federal Judge Halts Biden FTC’s Block On Microsoft Acquisition
Federal Judge Halts Biden FTC’s Block On Microsoft Acquisition Will Kessler on July 11, 2023 A federal judge on Tuesday denied the Federal Trade Commission’s (FTC) motion Tuesday to block Microsoft’s acquisition…
Ritchie Bros completes $7 billion IAA acquisition
(Reuters) -Canada’s Ritchie Bros Auctioneers Inc said on Monday it had completed the acquisition of U.S. auto retailer IAA Inc, weeks after two proxy advisory firms urged shareholders to reject the $7…
U.S. board to announce decision on Kansas City Southern acquisition deal
By David Shepardson WASHINGTON (Reuters) -The Surface Transportation Board said it plans to announce on Wednesday whether it will approve or reject Canadian Pacific’s $31 billion deal to acquire U.S. railroad Kansas…
Judge Thwarts Biden Admin’s Effort To Block Meta’s Acquisition Of VR Startup
Judge Thwarts Biden Admin’s Effort To Block Meta’s Acquisition Of VR Startup John Hugh DeMastri on February 1, 2023 The Biden administration’s Federal Trade Commission (FTC) lost a court challenge to prevent…
New Jersey based Barter Saves continues growth with the acquisition of Florida barter group
BarterSaves, New Jersey’s largest independently-owned Barter Exchange has gotten even bigger. On January 9, the company acquired BarterFirst International based out of Florida, serving businesses in Orlando and the surrounding area for…
Savannah Energy follows Chad deal with South Sudan acquisition
LONDON (Reuters) – London-listed Savannah Energy has agreed to buy producing oil fields in South Sudan from Malaysia’s state energy firm Petronas for up to $1.25 billion, it said on Monday. The…
Biden Regulator Sues Microsoft Over Video Game Acquisition
Biden Regulator Sues Microsoft Over Video Game Acquisition John Hugh DeMastri on December 8, 2022 The U.S. Federal Trade Commission (FTC) filed a lawsuit Thursday to halt Microsoft’s $69 billion acquisition of…
South Burlington Man Charged with Making a False Statement in Connection with Acquisition of Handgun Found at Massachusetts Homicide Scene
The United States Attorney’s Office stated Cameron Yee, 21, of South Burlington, was arrested yesterday based upon a one count indictment charging him with making a materially false statement in connection with…
Musk’s Foreign Ties Are ‘Worth Being Looked At’ After ‘Joint Acquisition’ Of Twitter With ‘Other Countries,’ Biden Says
Musk’s Foreign Ties Are ‘Worth Being Looked At’ After ‘Joint Acquisition’ Of Twitter With ‘Other Countries,’ Biden Says John Hugh DeMastri on November 9, 2022 President Joe Biden, at a post-election press…
DuPont’s canceled acquisition fuels fears of China scuttling mergers
By Anirban Sen NEW YORK (Reuters) – DuPont De Nemours Inc’s decision to scrap its deal to buy Rogers Corp has raised concerns that more Western buyers will follow the lead of…
Exclusive-Rocket maker Aerojet solicits acquisition offers -sources
By David Carnevali NEW YORK (Reuters) -Aerojet Rocketdyne Holdings Inc, the U.S. rocket maker whose $4.4 billion sale to Lockheed Martin Corp was blocked by antitrust regulators in February, is soliciting offers…
Fresh on the Heels of WOWorks Acquisition, Saladworks and Frutta Bowls Team Up with Combo Kitchen
Ghost Kitchen Franchise to Offer Well-Recognized Brands in Latest Partnership West Conshohocken, PA (RestaurantNews.com) In late December 2020, Saladworks’ parent company WOWorks acquired Frutta Bowls to blend together their flavorful common cores and create…
Brazilian court allows Paper Excellence to conclude acquisition of Eldorado
By Tatiana Bautzer SAO PAULO (Reuters) – Pulp maker Paper Excellence has obtained a court decision allowing completion of its deal to acquire Brazilian company Eldorado Brasil Celulose from J&F Investimentos, according…
SSCP Management Continues to Grow with the Acquisition of Virginia Applebee’s
Dallas, TX (-) SSCP Management, Inc., based in Dallas, recently acquired a group of Applebee’s restaurants across the state of Virginia, putting its total number of SSCP-owned-and-operated Applebee’s locations at 80. SSCP’s…
Gold Fields acquisition target Yamana assets valued at $6-$8 billion – CIBC
By Nelson Banya (Reuters) – An independent evaluation has put Yamana Gold’s mineral assets at between $6 billion and $8 billion, in line with South Africa’s Gold Fields’ initial offer price for…
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