Tag: Mergers and acquisitions
Albertsons gives up on Kroger merger, sues grocery chain for failing to secure deal
Kroger and Albertsons' plan for the largest U.S. supermarket merger in history crumbled Wednesday, with Albertsons pulling out of the $24.6 billion deal...
Trump says he'll name Andrew Ferguson head of FTC and Kimberly Guilfoyle as ambassador to Greece
WASHINGTON -- President-elect Donald Trump made another flurry of job announcements on Tuesday, selecting Andrew Ferguson as the next chair of the Federal...
Losses in China lead to $5Bn charge for General Motors as it cuts assets value
DETROIT -- The poor performance of General Motors' Chinese joint ventures is forcing the company to write down assets and take a restructuring...
Trump vows to block Japanese steelmaker from buying US Steel, pledges tax incentives and tariffs
HARRISBURG, Pa. -- President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp.,...
Stellantis CEO Carlos Tavares resigns as carmaker continues to struggle with slumping sales
NEW YORK -- Stellantis CEO Carlos Tavares is stepping down after nearly four years in the top spot of the automaker, which owns...
Volkswagen and Chinese partner SAIC to sell joint venture plant in west China's Xinjiang
BANGKOK -- BANGKOK (AP) — Volkswagen and Shanghai's SAIC Motor have agreed to sell a factory in China's far western Xinjiang region that...