TheStreet launches daily newsletter covering activist investors
The Deal, which is part of TheStreet.com, has launched a new daily newsletter called the Activist Daily. Led by senior editor, Ron Orol, the newsletter will cover the surging activity in activism and corporate governance in both the U.S. and Europe. It will cover the latest strategies in proxy fight insurgencies, and report on legislative and […]
Coverage: Discovery buys Scripps, owner of Food Network
Discovery Communications Inc. is acquiring Scripps Networks Interactive Inc. for $11.9 billion in a deal expected to boost the company’s negotiating leverage as it seeks new audiences. Jessica Toonkel of Reuters had the news: The acquisition, announced on Monday, brings together Scripps’ largely female-focused lifestyle channels such as HGTV, Travel Channel and Food Network with Discovery’s […]
Mergermarket hires Fields as senior reporter
Dayna Fields has been hired as a senior reporter with Mergermarket and Dealreporter. Fields comes from Talcott Publishing, where she served as managing editor of three food-focused B2B publications, including Chef magazine for restaurants and Fancy Food magazine for retailers. In her role, she cultivated extensive contacts within the food sector and developed expertise in […]
Coverage: Michael Kors is buying Jimmy Choo for $1.2 billion
Michael Kors Holdings said it had agreed to buy the shoe company Jimmy Choo for about $1.2 billion, the latest push by an American high-end fashion house to find new sources of growth. Elizabeth Paton and Chad Bray of the New York Times had the news: Many upscale brands like Michael Kors have faced plummeting sales and tepid profits. Mall […]
Dealreporter seeks reporter to cover M&A for financial services and REITs
Mergermarket and Dealreporter, online financial news services read by deal makers and investors, are looking for a reporter based in New York to cover M&A deals and corporate strategy in the financial services and real estate sectors. With interest rates rising and the Trump administration looking to reduce regulation, financial services deal making is expected to increase […]
Coverage: NRG to sell assets, sending shares up 20 percent
NRG Energy Inc. said it would raise as much as $4 billion through asset sales and slash debt by $13 billion, sending its shares surging 21 percent to a near two-year high on Wednesday. John Benny of Reuters had the news: The largest independent U.S. power producer plans to significantly slash costs, as part of an agreement […]
Coverage: Elliott’s bid for Oncor tops Buffett
Elliott Management Corp., the largest creditor of the bankrupt parent of Oncor Electric Delivery Co., unveiled a plan on Monday to best Berkshire Hathaway Inc.’s deal for the Texas utility with a bid worth $18.5 billion. Jessica DiNapoli of Reuters had the news: Elliott revealed in documents published on its website it was unhappy with the recovery […]
WSJ names new Asia M&A reporter, Asia banking reporter
Andrew Dowell, editor for Asia Pacific for The Wall Street Journal, sent out the following announcement to the staff: I’m pleased to announce two important new postings for our Asia finance team. Julie Steinberg is now our Asia M&A reporter. She is a dogged fact-finder and has been well prepared for the role by her […]
Coverage: The impact of Amazon buying Whole Foods for $13.7 billion
Online retail giant Amazon.com Inc. announced Friday that it was purchasing upscale grocer Whole Foods Inc. for $13.7 billion in a story that had business reporters covering the ramifications all weekend. Jeffrey Dorfman of Forbes wrote about how the deal may change how consumers purchase groceries: Amazon has the deep pockets to survive in the online […]
Coverage: Neiman Marcus takes down For Sale sign
Retailer Neiman Marcus has decided to take itself off the selling block after exploring options to find a buyer. Maria Halkias of the Dallas Morning News had the news: After announcing the company was considering a sale in March, Neiman Marcus chief executive officer Karen Katz told analysts during a conference call Tuesday that “any conversations […]
