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Spotify Founder Secures Funding to Acquire Arsenal

Rebecca Urena04/28/2021

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Spotify (NYSE: SPOT) co-founder and CEO Daniel Ek revealed that he has secured funding to purchase Arsenal and assures he is “very serious” regarding the potential transaction. Nevertheless, the...

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Lockheed Martin Finalizes Block Buy of Launches from ABL Space Systems

Rebecca Urena04/05/2021

3113

Lockheed Martin (NYSE: LMT) has signed a long term agreement for multiple lunches with ABL Space Systems. The deal details up to 58 launches within the next decade, a...

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United Airlines to Buy More 737 Max Planes

Rebecca Urena03/01/202103/01/2021

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United Airlines (NASDAQ: UAL) announced Monday it is set to buy an additional 25 Boeing 737 Max planes as it seeks to prepare itself for the anticipated recovery. The...

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Adidas to Sell Underperforming Reebok Brand

Rebecca Urena02/16/202102/16/2021

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Adidas AG (OTCMKTS: ADDDF), German sportswear manufacturer, intends to sell or spin-off its disappointing Reebok brand. Despite acquiring the fitness label 15 years ago for USD3.8 Billion, Adidas has...

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Kraft Heinz Sells Planters to Hormel for $3.35 Billion

Rebecca Urena02/11/2021

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Kraft Heinz (NASDAQ: KHC) reported Thursday it has sold its Planters business to Hormel (NYSE: HRL) for USD3.35 Billion cash. The Agreement includes the majority of Planters products as...

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Shiseido to Sell Personal-Care Line to CVC for $1.5 Billion

Rebecca Urena02/03/202102/03/2021

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Shiseido (OTCMKTS: SSDOF), a Japanese multinational beauty company, is set to sell its personal-care division to CVC Capital Partners for a total of USD.5 Billion. The business includes its...

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Kraft Heinz Prepares to Sell Planters to Hormel for $3 Billion

Rebecca Urena02/02/2021

2343

Kraft Heinz (NASDAQ: KHC), is in negotiations to sell its Planters brand to Hormel for about USD3 Billion, according to the Wall Street Journal. Hormel’s stock was up 6%...

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Cici’s Declares Bankruptcy Amid Pandemic

Rebecca Urena01/26/202101/26/2021

3089

Cici’s, a pizza buffet chain, recently filed for Chapter 11 bankruptcy and revealed its sale to its primary lender, D&G Investors. Amid the ongoing coronavirus pandemic and dine-In restrictions,...

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Aerojet Rocketdyne Completes First AR1 Rocket Engine

Rebecca Urena01/13/202101/13/2021

2856

Aerojet Rocketdyne (NYSE: AJRD) has completed the construction of the first in its next-generation AR1 engine series. Nevertheless, the company currently does not have a customer and does not...

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JPMorgan Chase Set to Purchase a Leading Travel and Loyalty Business

Rebecca Urena12/28/2020

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JPMorgan Chase (NYSE: JPM) revealed it would be acquiring one of the largest third-party credit card loyalty businesses as a means of gambling on travel and its eventual comeback....

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