After the takeover, the company will split into two businesses, one focusing on coffee and one on soft drinks.
Category: Mergers, Acquisitions and Divestitures
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TV Giant Nexstar Agrees to Acquire a Rival, Tegna, for $6.2 Billion
To close the deal, Nexstar will need approval from the Federal Communications Commission, which could cement its position as the biggest provider of local TV in the U.S.
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Soho House to Be Taken Private in $2.7 Billion Deal
Ashton Kutcher will join the board of the company, an operator of private clubs, which has faced criticism from investors over its business model.
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Lawrence A. Bossidy, Who Led a Major Corporate Turnaround, Dies at 90
He took over the reins of the troubled Allied Signal in 1991 and within a few years made it one of America’s best-run and most profitable companies.
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Figma’s $20 Billion Sale Died. It Came Back to Go Public.
Figma, which makes a design platform, had been on the verge of a $20 billion sale before regulators quashed the deal. On Thursday, it went public, with the stock soaring 158 percent on its first trade.
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Are Cracks Appearing in Trump’s Antitrust Strategy?
Two top officials are reportedly out of a job, amid reported disagreements within the Justice Department over how it regulates deals.
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Union Pacific to Buy Norfolk Southern in $85 Billion Railroad Deal
The merger would create the United States’ first coast-to-coast rail network, spanning 50,000 miles and 43 states.
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How Will David Ellison Tackle the Big Problems at Paramount?
The cable business has cratered. The news division is in turmoil. A.I. is coming for movies. And those are just the obvious challenges.
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How Will David Ellison Tackle the Big Problems at Paramount?
The cable business has cratered. The news division is in turmoil. A.I. is coming for movies. And those are just the obvious challenges.
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As Consumers Lose Their Appetite, Food Brands Fight to Keep Wall St. Happy
Packaged food companies are struggling to adjust — and profit — as tastes, waistlines and wallets change.
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F.C.C. Approves Skydance’s Merger With Paramount
The agency’s blessing was one of the last hurdles for the deal, which was being subjected to close scrutiny by the Trump administration.