Coverage: Bob Evans sells restaurants as activist investor wins
Bob Evans Restaurants, which has 523 locations across the country, agreed to sell its restaurants and focus on its food distribution business, bowing to pressure from an activist investor. Chris Woodyard of USA Today has the news: Bob Evans Restaurants, based in New Albany, Ohio, will be taken private in a sale to a private equity […]
Reuters names French its M&A reporter for energy and financial services
Greg Roumeliotis, the editor in charge of M&A coverage at Reuters, sent out the following announcement on Tuesday: I’m pleased to announce that David French has started in the deals team in New York this week as our new energy and financial services M&A reporter. David joins us from Dubai, where he most recently led […]
Coverage: Eyeglass giants Essilor, Luxottica agree to combine
Essilor of France said on Monday that it would acquire the Luxottica Group of Italy, owner of the Ray-Ban and Oakley brands, in a $49 billion deal that would create a giant in the eyewear industry. Chad Bray and Elizabeth Paton of the New York Times had the news: The combined company, to be known as EssilorLuxottica, would be […]
Coverage: Valeant sells products to raise cash
Valeant Pharmaceuticals, which has been through some major issues in the past year, is selling its cancer business Dendreon as well as three skincare products for total proceeds of more than $2 billion, raising some much-needed cash. Phil Serafino and Johannes Koch of Bloomberg News had the news: L’Oreal SA, the Paris-based cosmetic giant, will pay Valeant $1.3 billion […]
Coverage: Mars buying animal hospital chain VCA for $7.7 billion
Candy giant Mars Inc., the maker of M&Ms and Skittles, is expanding by offering $7.7 billion to acquire pet hospital chain VCA Inc. Zachary Tracer and Craig Giammona of Bloomberg have the news: The acquisition turns Mars into a dominant company in corporate-owned pet hospitals, an area that’s exploded in recent years — helped by Americans treating their […]
Coverage: Sears sells Craftsman to Stanley Black & Decker
Struggling department store chain Sears Holding agreed to sell its tool brand Craftsman to Stanley Black & Decker in a bid to raise cash and stave off a bankruptcy court protection filing. Michael de la Merced of the New York Times has the news: But the response from Stanley Black & Decker’s chief executive, James M. […]
Coverage: Snapchat parent is buying augmented reality company
Snap has reportedly made an investment in augmented reality, purchasing the Israeli-based startup Cimagine Media in a deal that’s said to be worth between $30 million to $40 million. Ken Yeung of VentureBeat had the news: Through this purchase, Snap will establish a development center in the Middle East, one where it will eventually employ more […]
Buyouts seeks reporters to cover private equity
Are you a news hound with ink in your veins and an incessant, perhaps pathological need to know what is going on and to tell everyone about it? Do you like trading news and information all day with often press-shy sources? Do you enjoy staring at charts for hours, poring over documents written in legalese, […]
Coverage: Standard Industries to buy German rival for $1.5 billion
German-based roof tile maker Braas Monier Building Group has agreed to be taken over by U.S. rival Standard Industries after its rival roof manufacturer raised its offer to $1.5 billion. Victoria Bryan of Reuters had the news: The German company said in a statement on Sunday that Standard Industries had raised its offer to 25.27 euros […]
Coverage: Murdoch wants to expand his media empire
Rupert Murdoch’s Twenty-First Century Fox has offered $14.6 billion to purchase the rest of British-based pay television company Sky that he doesn’t already own in a bid to take on rivals such as Netflix for viewers. Kate Holton and Paul Sandle of Reuters have the news: Fox said it would pay 10.75 pounds per share – or 11.7 […]
