Mergers and Acquisitions

Markets

Tribune Publishing Rejects Gannett's Latest Offer

Tribune Publishing on Monday rejected a sweetened takeover offer from Gannett, insisting its turnaround plan is better than Gannett's bid, and said a billionaire entrepreneur would take a $70 million stake in the company.

Markets

Gannett Raises Tribune Offer to About $864M

Gannett, the publisher of USA Today, raised its all-cash offer to buy Tribune Publishing to $15 per share from $12.25, valuing the publisher of the Chicago Tribune and the Los Angeles Times at about $864 million

Markets

The Collapse of Mega Mergers

Baker Hughes and Halliburto, two of the nation’s biggest oilfield services companies, announced they terminated their highly-contested merger deal after regulators in both the U.S. and Europe declined to give the tie up a green light.