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Adidas to Sell Underperforming Reebok Brand

Rebecca Urena02/16/202102/16/2021

2851

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

2585

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

2123

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

2259

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

3033

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

2787

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

1605

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....

Investing News Market News Retail The Market Buzz

Bed Bath & Beyond Shares Rise Upon Cost Plus World Market Sale

Rebecca Urena12/14/2020

3035

Bed Bath & Beyond (NASDAQ: BBBY) shares rose 1.56% Monday following the announcement that it had sold its non-core business of specialty/import retail stores to private equity firm Kingswood...

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Spotify to Acquire Podcast Ad Company Megaphone for $235 Million

Rebecca Urena11/10/202011/10/2020

1349

Spotify (NYSE: SPOT) announced Tuesday it is set to acquire podcast ad company Megaphone for USD235 Million. Neither company has commented on whether the agreement will be in cash,...

Investing News Market News Technology The Market Buzz

AT&T to Potentially Sell Minority Stake

Rebecca Urena11/03/2020

2975

AT&T (NYSE: T) is contemplating selling a minority stake in its DirecTV, AT&T Now and U-Verse pay-TV businesses. The company is already discussing the transaction with private-equity firms, including...

Tag: Aquisition

Adidas to Sell Underperforming Reebok Brand

Kraft Heinz Sells Planters to Hormel for $3.35 Billion

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

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

Cici’s Declares Bankruptcy Amid Pandemic

Aerojet Rocketdyne Completes First AR1 Rocket Engine

JPMorgan Chase Set to Purchase a Leading Travel and Loyalty Business

Bed Bath & Beyond Shares Rise Upon Cost Plus World Market Sale

Spotify to Acquire Podcast Ad Company Megaphone for $235 Million

AT&T to Potentially Sell Minority Stake

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