Coverage: Bayer boosts bid for Monsanto
German drug and chemical company Bayer AG upped its offer for American seed company Monsanto to $64 billion, putting pressure on the target to consider the deal. Greg Roumeliotis and Karl Plume of Reuters had the news: Analysts and some Monsanto shareholders were quick to opine that Bayer’s latest offer, the largest all-cash takeover bid on record, was unlikely […]
Coverage: Danone to buy WhiteWave for $10 billion
French food company Danone announced Thursday that it is acquiring the WhiteWave Foods Co.— maker of Horizon Organic dairy products and Earthbound Farm salad greens — for $10.4 billion, expanding its business in the United States. Stephanie Strom of the New York Times has the news: The deal, aimed at enhancing the American profile of the company […]
Mergers & Acquisitions seeks reporter
This position is a reporter for the Mergers and Acquisitions monthly magazine and affiliated website, TheMiddleMarket.com. In addition to reporting and editing, daily responsibilities will include maintaining the website and managing multiple daily and weekly newsletters. The reporter will have the opportunity to contribute to the monthly magazine on a regular basis. Specific duties include, […]
Coverage: Twinkie parent Hostess Brands will go public again
The parent company of the golden sponge cake with creamy filing — otherwise known as the Twinkie — plans to go public again, four years after the company almost shut its doors forever. Nathan Bomey of USA Today has the news: The owners of Hostess — private equity firm Apollo Global Management and billionaire investor C. Dean Metropoulos […]
Coverage: Mondelez offers to buy Hershey for $23 billion
Mondelez International Inc., which makes Oreo cookies and Cadbury chocolate, offered $23 billion on Thursday to buy Hershey Co. in a deal that would create the world’s largest candy company. Liz Hoffman, Dana Mattoli and Dana Cimilluca of The Wall Street Journal had the news: Still, Hershey shares surged 17% to $113.49 on news of the offer—first reported […]
Coverage: Lyft hires investment bankers Qatalyst
Ride-sharing service Lyft Inc. has hired investment bank Qatalyst Partners LP to help it explore alternatives, including a sale of the company. Douglas MacMillan of The Wall Street Journal has the news: Frank Quattrone, the founder and executive chairman of Qatalyst, has contacted companies including large auto makers about acquiring a stake in Lyft, the people […]
Coverage: Tesla’s stock drops after it offers to buy SolarCity
Tesla Motors Inc., whose CEO is Elon Musk, has made an offer to buy SolarCity Corp., whose chairman is Elon Musk, for $2.8 billion, sending the electric car company’s stock down and the rooftop solar company’s stock up. Russ Mitchell and Ivan Penn of the Los Angeles Times had the news: The offer to buy the rooftop solar […]
Coverage: Revlon buying rival cosmetics company Elizabeth Arden
Cosmetics company Revlon announced Thursday that it is buying rival Elizabeth Arden, adding Giorgio Beverly Hills and celebrity fragrances from signers such as Taylor Swift and Justin Bieber to its portfolio. Chris Woodyard of USA Today has the news: Revlon plans to pay $14 a share, about a 50% premium, in a bid to expand its own global reach while […]
Coverage: Microsoft buys LinkedIn for $26 billion
Tech giant Microsoft Corp. agreed to acquire social media company LinkedIn in a deal announced Monday for $26 billion. Kevin Kelleher of Time has the news: The stakes are high for Microsoft and LinkedIn. This is one of the biggest tech M&A deals ever, topping even Facebook’s $22 billion purchase of WhatsApp. On paper, there is […]
Coverage: Merck agrees to acquire biotech company Afferent
Merck & Co. dipped into the biotech world on Thursday, agreeing to acquire Afferent Pharmaceuticals, whose lead drug is being evaluated as a treatment for refractory, chronic cough and idiopathic pulmonary fibrosis with cough. Josh Beckerman of The Wall Street Journal had the news: The deal will include an upfront payment of $500 million and milestones of […]
