merger or acquisition news
Arts and Crafts
Michaels to be Taken Private in $3 Billion Deal with Apollo Global
Arts and crafts retailer Michael's announced it would be taking the company private in a $3.3 billion deal with Apollo Global Inc.
Apollo Global has...
Mergers and Acquisitions
AstraZeneca Sold 7.7% Interest in Moderna for $1B
British pharmaceutical company AstraZeneca sold its 7.7% stake in Moderna Inc. (MRNA) for more than $1 billion on Sunday.
AstraZeneca began selling shares of Moderna...
Business
Birkenstock Selling Majority Stake to Private Equity Firm Catterton Partners
Footwear maker Birkenstock has agreed to sell a majority stake to Catteron Partners, a private equity firm specializing in luxury goods.
Birkenstock announced the news...
Mergers and Acquisitions
India’s Supreme Court Halts $3.4bn Future Group’s Sale to Ambani’s Reliance Industries
India’s Supreme Court has barred the Future Group’s $3.4bn sale of retail assets to Reliance Industries Ltd. which was supposed to boost Amazon's stakes...
Alcoholic Beverages
Luxury Goods Group LVMH Acquires 50% of Jay-Z’s “Ace of Spades” Champagne Brand
Luxury goods corporation LVMH, along with its wine and spirits division Moet Hennessy, have made a deal to purchase 50% of Jay-Z's champagne brand,...
Business and Finance
CZ-USA Acquires Colt for $220 Million
The CZ-USA Group has signed an agreement to acquire 100 percent of Colt Holding Company, LLC, the parent company of Colt's Manufacturing and Colt...
Business and Finance
Uber to Acquire Alcohol Delivery App Drizly in $1.1 Billion Deal
Uber Technologies Inc. announced on Tuesday that it has acquired alcohol delivery service Drizly in a cash-and-stock deal worth $1.1 billion, as the American...
Business and Finance
Foley-Backed SPAC Agrees to Acquire Blackstone’s Alight for $7.3 Billion
Blank-check special acquisition firm Foley Trasimene Acquisition Corp has successfully entered into a definitive business combination deal to take Blackstone Group Inc.’s Alight Solutions,...