Talks about a possible merger between Deutsche Bank (DB)—the biggest German lender—and its smaller domestic rival Commerzbank are on again. According to the Financial Times, German officials have taken a keen interest in the possible combination of late, as shown by the fact that Deutsche executives and German government officials met no less than 23 […]
CBS’ board will meet on January 31, and the possibility of a merger between the former corporate siblings will be a hot topic on the agenda, according to Bloomberg, which reports that a decision “could come within weeks.” A potential combination between CBS and Viacom, whose assets include Comedy Central, MTV, Nickelodeon, and the Paramount […]
Talks between ailing German public sector bank NordLB and fellow public-sector lender Helaba about a possible merger have ended, Germany daily Boersen-Zeitung reported on Thursday, January 3, citing no sources. The paper said Helaba’s management board informed its Board of Trustees and Board of Directors in a letter dated December 21 that the merger talks […]
After Rent-A-Center announced that Vintage Capital Management had terminated its merger agreement, Vintage announced Tuesday, December 18, that’s not the case. Rent-A-Center stated earlier Tuesday that Vintage Capital, a Florida-based private equity company that owns one of its largest competitors, had decided to walk away from a merger agreement that had not yet cleared Federal […]
CVS Health defended on Friday, December 14, an agreement with the US Justice Department (DOJ) which allowed it to purchase health insurer Aetna for US$69 billion, a settlement that a federal judge is still assessing. The DOJ approved the merger of CVS, a US pharmacy chain and benefits manager, and Aetna in October on condition […]
Sainsbury’s and Asda are seeking to take the competition watchdog to a judicial review – saying they have not been given enough time to argue the case for their merger. The planned tie-up between Britain’s second and third-biggest supermarkets has been referred for an in-depth investigation by the Competition and Markets Authority (CMA), expected to be […]
T-Mobile and Sprint’s proposed merger has seen pushback from various groups. One in particular, the Communications Workers of America (CWA), is concerned the deal could mean up to 30,000 lost jobs. Now, 14 organizations including Consumer Reports, CWA, and the American Antitrust Institute have shared with the House of Representatives why they believe the deal […]
Icelandair announced on Thursday, November 29, it had scrapped its all-share deal to buy WOW Air that had aimed to create a stronger international competitor, sending its shares down 10%. Privately-held Wow Air, which has been reducing the size of its fleet and announced its cash flow was under pressure due to stricter terms from creditors […]
Energy firm SSE has admitted there is “some uncertainty” that its merger with rival Npower will go ahead. The announcement comes after the companies delayed the tie-up due to the incoming energy bill price cap of £1,137 (US$1,471) a year for “typical usage.” It means suppliers will have to cut the price of their default […]
The South Africa Competition Commission has found that the South African Broadcasting Corporation (SABC) and MultiChoice implemented a merger transaction without notifying it. The matter relates to a content-sharing agreement between the SABC and Multichoice in 2013, which was subsequently called into question following investigations that showed that the agreement included clauses that tried to […]