The skyrocketing cost of a US college education could get even more expensive if two top college textbook companies combine as planned, especially if they succeed in starving off a scrappy competitor: used textbooks. The proposed merger of textbook publishers McGraw-Hill Education and Cengage Learning Holdings, announced in May, would reduce the number of major textbook […]
According to Reuters, Daimler has no plans to spin off its trucks division or to pursue a merger with BMW as a way to raise the company’s share price, Chief Executive Ola Kaellenius said on Wednesday, july 24. “There are no plans to change the capital structure of Daimler,” Kaellenius told analysts on a call […]
The Angolan Regulatory Competition Authority (ARC) has approved the merger of companies involving Banco Económico, Seguradoras Unidas and Tranquilidade, Corporação Angolana de Seguros, according to an announcement published in the Jornal de Angola newspaper. The document, published on the public utility pages of the newspaper, states that on July 5 the ARC Board unanimously decided […]
Piper Jaffray is shelling out US$485 million for full-service investment bank Sandler O’Neill, according to a statement from the firm, reported the Wall Street Journal. The combined entity will be called Piper Sandler Companies. The goal of the merger is to strengthen the bank’s merger-advisory and fixed-income businesses. The new company will also have an […]
Queensland-based car dealer AP Eagers claims its is well advanced in addressing issues identified by the competition regulator with its proposed takeover of Automotive Holdings Group. The deal hit a hurdle June 24 with the Australian Competition and Consumer Commission (ACCC) expressing concerns about the merged entity’s dominance in a region of New South Wales. […]
The head of Germany’s BdB banking association said that cross-border mergers in the European banking industry were becoming more of a necessity, given the risks of weakened financial institutions for the euro zone, reported Reuters. “From my point of view, there is no other way (than cross-border M&A),” he said in an interview with business […]
According to Reuters French Finance Minister Bruno Le Maire said there was no need to rush regarding the $35 billion merger talks between carmakers Renault and Fiat Chrysler, while reiterating that he nevertheless wanted the deal to go ahead. “We should take our time to make sure that things are done well,” Le Maire told BFM […]
German fashion start-ups Outfittery and Modomoto have announced they are merging after ten years of competition. The merger will help them accelerate growth in Europe and become a stronger competitor to Zalando’s Zalon. Although the financial details of the merge remain undisclosed, both companies have explained they will start operating under the Outfittery brand in […]
The Competition Commission has recommended to the Competition Tribunal that the proposed acquisition of Edgars Consolidated Stores by shelf company New HoldCo should be approved, arguing it would give the ailing retailer a much-needed lifeline and possibly help avoid job losses. The commission said it found the proposed transaction was unlikely to result in a […]
According to the Financial Times, Manfred Weber, a German MEP and “lead candidate” for the European People’s Party wants the next European Commission to behave “more politically” when making key decisions over merger rules and state-aid. Brussels should be ready to make “political” use of its powerful competition rules to foster the creation of European […]