Mergers and acquisitions

January 12, 2019 - 4:16 am
BUCHAREST, Romania (AP) — Romania's defense ministry has suspended the 1.6 billion euro ($1.83 billion) acquisition of four warships following a political dispute over which offer best serves the NATO member. The ministry said it had informed military prosecutors there were "reasonable suspicions"...
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FILE - This April 20, 2009 file photo, shows the British pharmaceuticals firm GlaxoSmithKline in London. Drugmakers GlaxoSmithKline and Pfizer are merging their healthcare divisions, creating a business with combined sales of 9.8 billion pounds ($12.7 billion). British-based Glaxo will own 68 percent of the joint venture, while U.S.-based Pfizer will own the remaining 32 percent stake. (AP Photo/Sang Tan, File)
December 19, 2018 - 1:18 pm
Drugmakers GlaxoSmithKline and Pfizer plan to merge their consumer health businesses into what will be the world leader in sales of nonprescription medicines such as pain relievers, vitamins and cold remedies. The new joint venture would have with combined annual sales of $12.7 billion (9.8 billion...
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In this Nov. 2, 2018 photo, a sales associate is seen through a window display helping a customer try on a parka at the Mall at Short Hills in Short Hills, N.J. Like many malls, this shopping complex is offering more immersive shopping experiences. Outerwear brand Canada Goose unveiled a store with a “cold room” where customers can try on its $1,000 parkas in sub-zero temperatures. (AP Photo/Ted Shaffrey)
December 11, 2018 - 10:33 am
SHORT HILLS, N.J. (AP) — Online retailers are getting physical. A growing number of brands born on the internet are now opening brick-and-mortar stores and moving into the suburban malls once considered doomed as more Americans shopped online. But they're taking it even further by doubling-down on...
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FILE - In this Oct. 15, 2018 file photo, a Sears department is seen in Hackensack, N.J. Eddie Lampert and his ESL Holdings hedge fund are offering to buy the rest of Sears for up to $4.6 billion in cash and stock. The Sears chairman and ESL own just under half of the Hoffman Estates, Illinois, company, according to FactSet. Sears filed for Chapter 11 bankruptcy protection in October, weighed down by years of declining sales and massive debt. (AP Photo/Seth Wenig)
December 06, 2018 - 4:06 pm
NEW YORK (AP) — Eddie Lampert and his ESL Holdings hedge fund are offering to buy the rest of Sears for up to $4.6 billion in cash and stock in a move to stave off liquidation. The Sears chairman and ESL founder own just under half of the Hoffman Estates, Illinois, company, according to FactSet...
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In this photo provided by the semiofficial Mehr News Agency, Iran’s navy members stand on Ghadir-955 submarine during its inauguration in the southern port of Bandar Abbas, Iran, at the mouth of the strategic Strait of Hormuz, Thursday, Nov. 29, 2018. Iran’s navy has acquired two new mini submarines designed for operations in shallow waters such as the Persian Gulf, the Iranian state TV reported on Thursday. (Rahbar Emamdadi/Mehr News Agency via AP)
November 29, 2018 - 9:23 am
TEHRAN, Iran (AP) — Iran's navy has acquired two new mini submarines designed for operations in shallow waters such as the Persian Gulf, the Iranian state TV reported on Thursday. The report said one of the mini submarines — also known as midget submarines — was dubbed Ghadir-955 and was built in...
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November 27, 2018 - 2:49 am
SYDNEY (AP) — A court on Tuesday dismissed a last-ditch challenge and approved the merger of television network Nine Entertainment with newspaper publisher Fairfax Media into an Australian media giant to be known only as Nine. Fairfax shareholders voted for the merger last week. But major...
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November 26, 2018 - 6:51 pm
NEW YORK (AP) — Industrial conglomerate United Technologies is planning to break itself into three independent companies now that it has sealed its $23 billion acquisition of aviation electronics maker Rockwell Collins. The company based in Farmington, Connecticut, scheduled a call with investors...
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A Black Friday shopper walks through Dolphin Mall on Friday, Nov. 23, 2018, in Miami. Retailers are offering much of their Black Friday deals online, but shoppers still showed up at malls and stores around the country looking for discounts, and to take in the scene. (AP Photo/Lynne Sladky)
November 24, 2018 - 4:10 pm
PROVIDENCE, R.I. (AP) — The physical rush of Black Friday and the armchair browsing of Cyber Monday are increasingly blending into one big holiday shopping event as more customers buy items online and pick them up at brick-and-mortar stores. Adobe Analytics reported Saturday that more customers are...
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In this Friday, April 20, 2018, photo, Nissan Chairman Carlos Ghosn speaks during an interview in Hong Kong. Ghosn, who became one of the auto industry's most powerful executives by engineering a turnaround at the Japanese manufacturer, was arrested Monday and will be fired for allegedly underreporting his income and misusing company funds, the automaker said. (AP Photo/Kin Cheung)
November 21, 2018 - 12:53 pm
TOKYO (AP) — The arrest of Nissan chairman Carlos Ghosn could extinguish any remaining hopes for a merger with key shareholder Renault, which the Japanese company's CEO has publicly opposed. Ghosn had this year said he was open to the idea of a merger between Nissan and Renault, where he is chief...
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FILE - In this July 7, 2017, file photo, Flipkart Group Chief Executive Officer and co-founder Binny Bansal poses during a photo call at the company's headquarters in Bangalore, India. Bansal, the co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, is stepping down following an allegation of serious personal misconduct. Walmart, which purchased a $16 billion controlling stake in Flipkart Group in May, said Tuesday, Nov. 13, 2018, that an independent investigation done on behalf of both companies did not find evidence corroborating the allegation against Bansal, but it did reveal lapses in judgment on his part. (AP Photo/Aijaz Rahi, File)
November 13, 2018 - 7:54 am
NEW YORK (AP) — The co-founder of Flipkart, the massive online retail operation in India acquired by Walmart this year, has stepped down as CEO following an allegation of serious personal misconduct. Walmart, which purchased a $16 billion controlling stake in Flipkart Group in May, the largest...
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