Goldman Sachs Is Building an M&A Dealmaking App Called Gemini

In this article For work-from-home executives worried about losing their M&A mojo, fear not: Goldman Sachs Group Inc. has developed an app just for you. The investment bank, synonymous with the schmooze-heavy world of mergers and acquisitions, plans to tap into the remote-working boom by offering clients technology to help them matchmake without having to hit the social circuit. The […]

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Canada's Cineplex adopts poison pill

(Reuters) – Cineplex Inc (CGX.TO) said on Friday it adopted a shareholder rights plan, popularly known as a “poison pill”, nearly a week after Britain’s Cineworld Group Plc (CINE.L) abandoned its $1.65 billion deal to buy the Canadian theater chain. The implementation of the rights plan will prevent investors from acquiring 20% or more of the company’s outstanding common shares […]

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Aurora Cannabis To Enter U.S. Market With Reliva Acquisition

Canadian cannabis company Aurora Cannabis Inc. has announced its entry into the lucrative U.S. market with its acquisition of Massachusetts-based Reliva LLC, a seller of hemp-derived cannabidiol or CBD products. Under the terms of the deal, Aurora will pay about $40 million of its common shares to members of Reliva. The transaction includes a potential payment by Aurora up to […]

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EU antitrust regulator stresses fair rules as Germany, France call for overhaul

BRUSSELS (Reuters) – Europe’s future must be based on fair competition rules, EU antitrust regulators said on Monday, after Germany and France reiterated calls for a speedy overhaul of the bloc’s rules to help EU companies better compete with U.S. and Chinese rivals. French Finance Minister Bruno Le Maire, German Economy Minister Peter Altmaier, Italian Industry Minister Stefano Patuanelli and […]

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‘America To Continue To Benefit From Competition Between Post And TreeHouse’

Consumer packaged goods holding company Post Holdings said it terminated the agreement to acquire TreeHouse Foods, Inc.’s ready-to-eat or RTE cereal business. The company’s decision comes after the Federal Trade Commission or FTC filed a complaint against the proposed deal in December 2019, alleging that the deal will harm competition. According to the FTC, the acquisition would give Post more […]

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Nexstar-Tribune merger receives FCC approval

FCC fines Florida man $120M for making 100 million robocalls FBN’s Tracee Carrasco on the FCC fining a Florida man for allegedly making 100 million robocalls over three months. Nexstar is on track to become the U.S.’s largest local television station company after the Federal Communication Commission approved its $4.1 billion all-cash bid to acquire Tribune Media. Continue Reading Below […]

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Bradley Blakeman: Merger of T-Mobile and Sprint won’t help US win race to develop 5G technology

FCC chief unveils new push for American leadership in 5G availability FCC chairman Ajit Pai talks ensuring America’s leadership in the race for the next generation of wireless network. America must win the race to develop 5G, the 5th Generation of wireless communications technology that will allow many more communications devices to transmit data at far higher speeds. Both our […]

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UK regulator blocks Sainsbury's $9.4 billion takeover of Walmart's ASDA

By James Davey, Paul Sandle and Nandita Bose LONDON/BENTONVILLE, Ark. (Reuters) – Britain’s competition regulator on Thursday blocked Sainsbury’s proposed 7.3 billion pound ($9.4 billion) takeover of Walmart-owned Asda – a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco. The Competition and Markets Authority (CMA) ruling is also a major setback for Sainsbury’s […]

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Sainsbury’s/Asda mega merger is formally blocked by CMA

Sainsbury’s and Asda have called off their planned £13bn merger after it was formally blocked by the competition regulator on the grounds it would lead to higher prices. The pair admitted defeat after the Competition and Markets Authority (CMA) completed its final report on the tie-up – first announced a year ago – saying it had not shifted from its […]

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CBS-Viacom merger talks back on delaying Moonves replacement

Talks heating up on a possible CBS-Viacom merger: Charlie Gasparino FBN’s Charlie Gasparino says talks are heating up on a possible CBS-Viacom merger amid CBS’s search for a new CEO. The on-again off-again merger talks between CBS Corporation and Viacom are now on-again, and have delayed CBS's naming of a new permanent CEO to succeed Les Moonves, FOX Business has […]

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