He built a small Southern bank into a regional powerhouse, helping to turn Charlotte, N.C., into a national financial hub.
Category: Mergers, Acquisitions and Divestitures
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Macy’s Rejects Takeover Bid, but Remains ‘Open to Opportunities’
The retailer, which has struggled to increase its sales as shoppers cut back, acknowledged that it had received an unsolicited buyout offer, which it said ‘lacks compelling value.’
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Sports Illustrated Thrown Into Chaos With Mass Layoffs
The company’s owner has been plunged into a maelstrom in recent weeks as its senior executives have been forced out.
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Spirit Airlines Is on Shaky Footing After Judge Blocks JetBlue Deal
Some investors and analysts said the airline might have to seek bankruptcy protection if it couldn’t find another buyer.
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Recreating a Nearly Defunct, but Long Admired, Watch Brand
As Breitling takes over Universal Genève, it reveals its strategy for making the brand successful again.
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Judge Blocks JetBlue From Acquiring Spirit Airlines
The ruling is a victory for the Justice Department, which had argued that the merger would reduce competition.
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Shell to Sell Its Nigeria Oil Business for $1.3 Billion
The energy company’s exit from onshore petroleum drilling in Nigeria is aimed to reduce risks, while it continues to produce oil and gas offshore.
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Baltimore Sun Sold to Chairman of Sinclair TV Stations
David D. Smith bought the newspaper and its sister publications in a private deal with Alden Global Capital, their owner since 2021.
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BlackRock to Buy Global Infrastructure Partners for $12.5 Billion
The Wall Street giant agreed to buy Global Infrastructure Partners, whose assets include airports and oil pipelines, in its biggest takeover in 15 years.
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Chesapeake Energy and Southwestern Energy Announce Merger
The deal, between Chesapeake Energy and Southwestern Energy, would create one of the largest energy producers in the United States.
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JetBlue Chief Executive to Step Down
Robin Hayes described the decision to retire as “bittersweet,” and suggested that unspecified health concerns had driven it.