Coverage: Performance Sports Group for sale and to file Chapter 11
Performance Sports Group, which makes Bauer hockey equipment and Easton baseball equipment, plans to file for Chapter 11 bankruptcy court protection as soon as Monday and will likely put itself up for sale. Jacquie McNish of The Wall Street Journal has the news: Performance Sports is preparing to file for protection from its creditors as early […]
MarketWatch launches The Big Deal newsletter on AT&T/Time Warner
MarketWatch.com has started a daily email newsletter called The Big Deal focused on news and analysis about AT&T’s proposed $85 billion acquisition of Time Warner. The newsletter will be written by media reporter Trey Williams. MarketWatch editor in chief Jeremy Olshan explained its origination in an email to Talking Biz News: Most email newsletters are treated […]
Coverage: GE wants Baker Hughes for $30 billion
The merger and acquisition frenzy continued Thursday with news that General Electric Co. wants to pay $30 billion for Baker Hughes Inc. Dana Mattioli, Kate Linebaugh and Joann Lublin of The Wall Street Journal had the news: GE has approached the oil-field services company about a takeover, the people said, but details of the talks […]
Coverage: AT&T to buy Time Warner in $80 billion megadeal
AT&T Inc. has reached an agreement to buy Time Warner Inc. for more than $80 billion in a deal that would transform the phone company into a media giant. Thomas Gryta and Keach Hagey of The Wall Street Journal have the news: The acquisition pushes the carrier deeper into the traditional entertainment business at a time of stalled […]
MLex seeks M&A correspondent in Brussels
International news service MLex seeks a reporter to cover European reviews of mergers and acquisitions and how they create regulatory risk for companies and investors. The Brussels-based job involves tracking merger deals (mainly, although not exclusively at an EU level) and speaking to all parties, with a view to being the first to identify and […]
Coverage: Bass Pro Shops, banks to buy rival Cabela’s
Bass Pro Shops, Goldman Sachs Group Inc.’s private equity arm and Capital One Financial Corp. are in the lead to acquire U.S. outdoor gear retailer Cabela’s Inc. for more than $4 billion. Greg Roumeliotis of Reuters has the day’s news: The deal would unite two of the country’s largest hunting and fishing retailers and likely face antitrust […]
Coverage: Qualcomm in talks to acquire NXP for more than $30 billion
San Diego-based Qualcomm Inc. is in talks to acquire NXP Semiconductors NV for more than $30 billion amid consolidation in the semiconductor industry. Michael de la Merced of the New York Times had the news: A union of Qualcomm and NXP would be the latest in an industry that has recently experienced big mergers. Earlier this year, […]
Coverage: Disney mulls bid for Twitter
Walt Disney Co. is considering making a bid to acquire social media company Twitter, multiple news organizations reported Monday with various reasons why the deal would, or would not, work. Alex Sherman and Sarah Frier of Bloomberg News had the details: After receiving interest in discussing a deal, Twitter has started a process to evaluate a potential sale. […]
Coverage: Lanxess to buy Chemtura for more than $2 billion
German specialty chemicals company Lanxess AG agreed to buy Chemtura Corp., a U.S.-based maker of lubricant additives and flame retardants, for about $2.12 billion in cash. Kevin Miller and Jack Kaskey of Bloomberg News had the details: Lanxess agreed to pay $33.50 a share, creating an enterprise value of about 2.4 billion euros ($2.7 billion), Cologne-based Lanxess […]
Coverage: Hospital chain puts itself up for sale
Hospital chain Community Health Systems said Monday that it’s putting itself up for sale after experiencing difficulty digesting its acquisition of another hospital chain. Melanie Evans of The Wall Street Journal had the news: The company said in a news release it had no timeline for its talks with advisers and “no certainty that the exploration will result […]
