Office Depot 2Q Loss Narrows, Results Meet Expectations
Office Depot reported a slightly lower second-quarter loss amid fewer charges, but weak sales continued to plague the office supply retailer.
Diageo Gets Green Light for $358M China Deal
Diageo, the world’s biggest spirits maker, has received approval from Chinese authorities to move forward with the planned purchase of the 47% stake in Sichuan Chengdu Shuijingfang.
Report: Charter Hires Goldman Sachs to Pursue Time Warner Cable Bid
Charter Communications has reportedly hired an investment bank to explore a buyout of the No. 2 U.S. cable operator.
Casino Games Maker Bally Buys Rival SHFL in $1.3B Deal
Bally Technologies has agreed to buy rival SHFL Entertainment in a deal valued at $1.3 billion.
US Airways Shareholders Approve Merger with American
US Airways shareholders approved the carrier's plan to merge with American Airlines, clearing another hurdle to create the world's largest carrier.
Source: US Airways, AMR Merger on Track Despite DOJ Depositions
Despite depositions by the DOJ related to the AMR and U.S. Airways merger, the deal is still expected to close on time in the third quarter.
Pearson Shares Rise on Report of Pending FT Sale
Shares of London-based Pearson rose about 1% Friday on a report that News Corp.’s Rupert Murdoch and Abu Dhabi’s state media group are exploring an acquisition of the Financial Times Group.
J&J Buys Aragon Pharma for Up to $1B to Boost Cancer Offerings
Johnson & Johnson agreed to acquire privately held drug developer Aragon Pharmaceuticals for as much as $1 billion.
Investor Presses Smithfield to Carve Itself Up
An investor owning 5.7% of Smithfield's shares urged the meat producer to consider a breakup.
Report: China's Shuanghui Unwilling to Lift Smithfield Takeover Price
The Chinese company is reportedly not prepared to increase its buyout offer for Smithfield Foods despite some shareholder dissent.
Weyerhaeuser Adds to Forest Holdings, Weighs Options for Real Estate Unit
The forest-products company announced a slew of moves early this week, including a $2.65 billion deal to purchase Longview Timber and its 645,000 acres of timberlands in Washington and Oregon.
Accelerating its Diversification Plan, Gannett Grabs Belo in $1.5B Deal
In a move that will greatly expand its broadcast portfolio, Gannett inked a $1.5 billion transaction on Thursday to acquire TV company Belo.
India's Apollo Drives Away With Cooper Tire & Rubber for $2.5B in Cash
The all-cash buyout offer is valued at $2.5 billion and carries a premium north of 40%
No Deal? PepsiCo Rejects Report of $2B SodaStream Buyout
The soft drink maker denied reports it is looking to buy Israel's SodaStream for $2 billion.
Office Depot Exits Mexico Joint Venture
Office Depot is selling its 50% stake in a Mexican joint venture to Grupo Gigante, following calls from its biggest investor to exit the business.
China's Shuanghui Buys Smithfield Foods for $4.8B
China's Shuanghui Group has agreed to buy Smithfield Foods for around $5 billion in cash, or $7.1 billion including its debt.
Rue21 Off the Market, Looks to Go Private in $1.1B Deal
A private equity firm will pay $42.00 per Rue21 share in cash, representing a premium of 23% to the stock's Wednesday close.
TowerBrook to Take True Religion Private in $835M Deal
True Religion Apparel revealed plans on Friday to be taken private by TowerBrook Capital in an $835 million, all-cash deal.
Office Depot Ponders Exit from Mexican Joint Venture
The office supply retailer could soon begin talks to sell its half of a Mexican joint venture with Grupo Gigante.
Duke Energy's Profit More Than Doubles
Duke Energy said its first-quarter profit more than doubled to $634 million, fueled by the recent acquisition of Progress Energy.