Mergers and Acquisitions

NASCAR Speeds to Acquire International Speedway

Posted: May 22, 2019 at 1:15 pm

International Speedway Corp. (NASDAQ: ISCA) shares rose handily on Wednesday after the company announced that it would be acquired by NASCAR. The transaction was approved by a special committee comprised ...
Read Full Story »

Wireless and Communications Firms Face More Uncertainty in Sprint and T-Mobile Merger Saga

Posted: May 22, 2019 at 11:20 am

The pending acquisition of Sprint Corp. (NYSE: S) by T-Mobile US Inc. (NASDAQ: TMUS) has taken yet another turn. After Monday's news that the Federal Communications Commission (FCC) chair would ...
Read Full Story »

A Radical Turn for the Sprint and T-Mobile Merger

Posted: May 20, 2019 at 12:15 pm

Most investors had been led to believe that the proposed acquisition of Sprint Corp. (NYSE: S) by T-Mobile US Inc. (NASDAQ: TMUS) would be blocked. While this will not act ...
Read Full Story »

Why Dish Network Shares Are Getting Crushed

Posted: May 20, 2019 at 12:05 pm

Dish Network Corp. (NASDAQ: DISH) shares kicked off the week on a negative note when the company announced that it would be making a sizable acquisition. Specifically, Dish Network said ...
Read Full Story »

Hewlett Packard Enterprises Buys America’s Most Storied Tech Company

Posted: May 18, 2019 at 8:20 am

Hewlett Packard Enterprise Co. (NYSE: HPE), itself part of the history of American tech, has bought Cray Inc. (NASDAQ: CRAY), the iconic maker of supercomputers. Bill Hewlett and David Packard ...
Read Full Story »

Another Gold Mining Merger Rumor Goes Soft, Sort Of

Posted: May 17, 2019 at 10:25 am

Iamgold Corp. (NYSE: IAG) is a relatively small gold mining outfit that recently joined in the buyout rumor mill. A report from Bloomberg on Thursday had indicated that Iamgold was ...
Read Full Story »

HPE’s Acquisition of Cray: End of an Era or Start of a New One?

Posted: May 17, 2019 at 9:45 am

Hewlett Packard Enterprise Co. (NYSE: HPE) is ushering in the end of an era by acquiring supercomputer maker Cray Inc. (NASDAQ: CRAY). HPE hopes to create a new era by ...
Read Full Story »

Can Danaher Walk Away From the Buyout of GE’s Biopharma Unit?

Posted: May 16, 2019 at 2:10 pm

If there is one former Dow Jones industrial average leader that is in need of serious help, look no further than General Electric Co. (NYSE: GE). A new CEO has ...
Read Full Story »

Goldman Sachs Adds $25 Billion in Assets for $750 Million

Posted: May 16, 2019 at 10:30 am

One of the country's biggest banks, Goldman Sachs Group Inc. (NYSE: GS), announced Thursday morning that it has agreed to acquire privately held wealth management firm United Capital Financial Partners ...
Read Full Story »

The Future Ownership Structure of Hulu Is Now Clear

Posted: May 14, 2019 at 10:15 am

The future ownership structure of Hulu now looks quite clear. A press release from Walt Disney Co. (NYSE: DIS) and Comcast Corp. (NASDAQ: CMCSA) has indicated that Disney will assume ...
Read Full Story »

M&A Targets Abound in Energy Sector

Posted: May 10, 2019 at 2:14 pm

Chevron Corp. (NYSE: CVX) just pocketed some $9 billion—more than $8 billion it didn't spend to acquire Anadarko plus $1 billion in a breakup, probably paid by Occidental, which outbid ...
Read Full Story »

Why Chevron Let Anadarko Get Away

Posted: May 9, 2019 at 1:10 pm

In an announcement that should have surprised no one, Chevron Corp. (NYSE: CVX) said Thursday it would not counter a proposal from Occidental Petroleum Corp. (NYSE: OXY) to acquire Anadarko ...
Read Full Story »

$9 Billion Pipeline Merger All in the Family

Posted: May 8, 2019 at 8:20 am

Two mid-size energy master limited partnerships (MLPs) announced a definitive merger agreement Wednesday morning. MPLX L.P. (NYSE: MPLX) will acquire Andeavor Logistics L.P. (NYSE: ANDX) in an all-equity transaction valued ...
Read Full Story »

Why Chevron Could Be Eyeing These 4 Companies After Losing Anadarko Bid

Posted: May 8, 2019 at 7:15 am

It’s all but a given now that Anadarko Petroleum Corp. (NYSE: APC) will accept the takeout offer from Occidental Petroleum Corp. (NYSE: OXY) and with good reason. The cash portion ...
Read Full Story »

After Levi Strauss IPO, Will Investors Gobble Up Lee and Wrangler Brands?

Posted: May 7, 2019 at 11:55 am

The market for initial public offerings has been successful for a number of companies coming public in 2019, but the performance has been mixed among the largest IPOs. The status ...
Read Full Story »