Shein, the e-commerce giant known for ultralow prices, frequently refreshed stock and questions about working conditions in its supply chain, could sell within Forever 21 stores.
Category: Mergers, Acquisitions and Divestitures
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Arm, the Chip Designer, Files for an I.P.O. Expected to Be Among the Largest
The I.P.O. filing means Arm can begin to gauge investor interest, which will be critical to the share sale.
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How Short Seller Nathan Anderson Beat Carl Icahn “at His Own Game”
After a short seller targeted Icahn Enterprises, the activist investor made changes. At 87, he insists he’s not going anywhere and will refocus on rattling company cages.
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Aldi to Buy 400 Winn-Dixie and Harveys Supermarket Stores
The German supermarket chain said that it would convert some of the Winn-Dixie and Harveys stores acquired in the deal, which is expected to close in early 2024.
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Intel Acquisition of Tower Semiconductor Is Scuttled by China
Intel calls off its planned acquisition of Tower Semiconductor, an Israeli chip maker, after waiting in vain for 18 months for a review by Chinese regulators.
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Herbert J. Siegel, Investor in Major Media Deals, Dies at 95
As head of Chris-Craft Industries, he played a role in the Time-Warner merger and sold 10 television stations to Rupert Murdoch.
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Tapestry and Capri Announce a Luxury Mega Merger
The two fashion conglomerates, Tapestry and Capri Holdings, generate about $12 billion in combined revenue.
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Paramount Agrees to Sell Simon & Schuster to KKR, a Private Equity Firm
The deal, for $1.62 billion, will put control of a cultural touchstone in the hands of a financial buyer.
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The Risks Hidden in Public Pension Funds
Attracted by promises of high returns, many public pension funds have been loading up on private equity but may not fully appreciate the dangers, our columnist says.