Coverage: The Tribune Media-Sinclair deal is dead
Sinclair Broadcast Group’s proposed $3.9-billion deal, which was first announced in May 2017, to acquire Tribune Media is dead, and Tribune now wants $1 billion from Sinclair. Stephen Battaglio of the Los Angeles Times had the news: Tribune also said it filed a breach-of-contract lawsuit against Sinclair in Delaware Chancery Court, alleging it failed to make […]
Coverage: Albertsons and Rite Aid cancel their merger
The Rite Aid pharmacy chain announced on Wednesday it had called off its proposed merger with Albertsons, the grocery retailer, after the deal appeared to lose the support of its shareholders. Michael Corkery of the New York Times had the news: The announcement came on the eve of a special meeting of Rite Aid shareholders to […]
Burdziak hired by Mergermarket/Dealreporter to cover M&A
Reporter Alan Burdziak has been hired by Mergermarket and Dealreporter to cover mergers and acquisitions in consumer and industrial industries. He started on Monday. Burdziak previously was a reporter at ALM Media’s VerdictSearch publication. He wrote about cases, including everything from motor vehicle accidents to wrongful death and civil rights violations to medical malpractice. Before that, Burdziak worked […]
Economist to sell CQ Roll Call to Fiscal Note
The Economist Group has agreed to sell a majority stake in CQ Roll Coll to FiscalNote for an undisclosed amount. As part of the transaction, the Economist Group would obtain an 18 percent equity stake in the company, making it the largest single shareholder of FiscalNote. In addition, Chris Stibbs, CEO of The Economist Group, […]
Coverage: Apollo Capital is buying hospital company LifePoint for $5.6B
Private equity firm Apollo Global Management will spend about $5.6 billion to buy the rural hospital chain LifePoint and combine it with health system operator RCCH HealthCare Partners. Jamie McGee of The Tennessean had the news: LifePoint shareholders will receive $65 in cash for each share in a deal that’s worth about $2.7 billion not counting […]
Reuters seeks senior correspondent in Sydney
Reuters is looking for an experienced, knowledgeable and motivated senior journalist to cover Australian and New Zealand, which are home to some of Asia’s biggest companies and multi-billion dollar acquisition deals. The successful candidate will cover the $90 billion Australasia market comprising Australia and New Zealand for Loan Pricing Corp, IFR and Reuters newswire, breaking […]
Coverage: Broadcom to buy CA Technologies for $18.9 billion
Broadcom and CA Technologies on Wednesday announced that Broadcom has agreed to acquire the enterprise technology company for $18.9 billion in cash. Chloe Aiello of CNBC.com had the news: The deal values CA stock at about $44.50 per share, or a premium of about 20 percent to the closing price of CA common stock on July 11. The acquisition […]
Quartz is being sold to a Japanese company for at least $75 million
Japanese company Uzabase announced Monday that it has signed an agreement to acquire Quartz, the business news outlet created and owned by Atlantic Media, as part of an expansion into the United States. The deal values Quartz between $75 million and $110 million depending on achievement of future financial and operating performance in 2018. As […]
Coverage: Amazon is buying PillPack for $1 billion
Amazon.com Inc. said on Thursday it would buy small online pharmacy PillPack, a move that will put the world’s biggest online retailer in direct competition with drugstore chains, drug distributors and pharmacy benefit managers. Ankur Banerjee and Bill Berkrot of Reuters had the news: The deal’s potential to disrupt major players across the drug supply chain nationwide prompted […]
Coverage: Gray Television buying Raycom for $3.6 billion
Atlanta-based TV station owner Gray Television has a $3.6 billion deal to buy Raycom Media, creating a station group with a wide footprint in the Midwest and South. Cynthia Littleton of Variety had the news: The deal marks the latest example of consolidation in traditional TV. The union of Gray and Montgomery, Ala.-based Raycom will bring 142 TV stations […]
