Coverage: South African company buying Sleepy’s/Mattress Firm for $2.4 billion
A South African retailing giant has agreed to acquire Sleepy’s parent Mattress Firm Holding Co. for $2.4 billion, marking its first foray into the United States. Alexandra Wexler of The Wall Street Journal had the news: Steinhoff, a family-owned furniture seller based outside Cape Town, South Africa, is called “Africa’s Ikea” for its home furnishing retail […]
Coverage: Verizon buys Yahoo for $4.8 billion
Verizon Communications is expected to announce a deal Monday morning to acquire Yahoo Inc. for $4.8 billion, adding it to its AOL internet business. Ryan Knutson and Deepa Seetharaman of The Wall Street Journal have the news: The price tag, which includes Yahoo’s core internet business and some real estate, is a remarkable fall for the Silicon […]
Coverage: Exxon makes $2.2B offer for InterOil
Exxon Mobil Corp. offered a $2.2 billion bid for InterOil Corp., higher than the one made in may by Oil Search Ltd., on Sunday to acquire the owner of large natural gas reserves in Papua New Guinea. Dan Murtaugh of Bloomberg News has the news: Exxon is offering a fixed price of $45 per each InterOil share, Oil Search said […]
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 […]
