A Fourth Estate® Service

Wednesday, March 3, 2021

merger or acquisition news

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...

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...

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...

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...

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,...

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...

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...

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,...

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