Mergers and acquisitions

November 13, 2019 - 5:02 am
BEIJING (AP) — Jingye Group's purchase of British Steel Ltd. gives the privately owned Chinese steelmaker a chance to grow outside a home market dominated by giant state-owned mills. The deal adds to a string of global acquisitions by Chinese companies that want to speed their growth in industries...
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FILE - In this Aug. 16, 2018, file photo, the Fitbit Charge 3 fitness trackers are displayed in New York. Google’s parent company is buying wearable device maker Fitbit for about $2.1 billion. Alphabet said Friday, Nov. 1, 2019, that it will pay $7.35 per share. (AP Photo/Richard Drew, File)
November 02, 2019 - 9:36 am
Google's acquisition of wearable pioneer Fitbit may be a bold plunge into health and fitness technology. But it's also just the latest step in the internet giant's often-halting effort to become a force in consumer hardware. Once a pure software company known for its search engine, apps like Gmail...
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FILE - In this Jan. 2, 2014 file photo, a Fiat logo pictured on a car in Milan, Italy. Italian-American carmaker Fiat Chrysler Automobiles on Wednesday, Oct. 30, 2019 confirmed that it is in talks with French rival PSA Peugeot, its second bid this year to reshape the global auto industry facing huge challenges with the transition to electric and autonomous vehicles. (AP Photo/Antonio Calanni, File)
October 31, 2019 - 12:38 pm
MILAN (AP) — The Latest on the merger deal between Fiat Chrysler and PSA Peugeot (all times local): 6:05 p.m. Fiat Chrysler CEO Mike Manley says the three Detroit automakers are in "different conditions" in terms of labor forces, hinting that the company may seek changes to union contract deals...
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A Peugeot logo pictured on a car in Bayonne, southwestern France, Thursday, Oct.31, 2019. The boards of Fiat Chrysler and PSA Peugeot announced Thursday fast-moving plans to merge the two companies creating the world's fourth-largest automaker with enough scale to confront "the new era in mobility". (AP Photo/Bob Edme)
October 31, 2019 - 11:07 am
MILAN (AP) — Fiat Chrysler and France's PSA Peugeot said Thursday they have agreed to merge to create the world's fourth-largest automaker with enough scale to confront big shifts in the industry, including a race to develop electric cars and driverless technologies. Italian-American Fiat Chrysler...
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FILE - In this Jan. 2, 2014 file photo, a Fiat logo pictured on a car in Milan, Italy. Italian-American carmaker Fiat Chrysler Automobiles on Wednesday, Oct. 30, 2019 confirmed that it is in talks with French rival PSA Peugeot, its second bid this year to reshape the global auto industry facing huge challenges with the transition to electric and autonomous vehicles. (AP Photo/Antonio Calanni, File)
October 30, 2019 - 4:36 pm
DETROIT (AP) — In a merger deal that appears to be heading for approval, Fiat Chrysler stands to gain electric vehicle technology while PSA Peugeot Citroen could benefit from a badly needed dealership network to reach its goal of selling vehicles in the U.S. The Wall Street Journal, citing sources...
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FILE - In this Jan. 2, 2014 file photo, a Fiat logo pictured on a car in Milan, Italy. Italian-American carmaker Fiat Chrysler Automobiles on Wednesday, Oct. 30, 2019 confirmed that it is in talks with French rival PSA Peugeot, its second bid this year to reshape the global auto industry facing huge challenges with the transition to electric and autonomous vehicles. (AP Photo/Antonio Calanni, File)
October 30, 2019 - 11:11 am
MILAN (AP) — Fiat Chrysler Automobiles said Wednesday it is in talks with French rival PSA Peugeot in its second bid this year to reshape the global auto industry at a time of heightened uncertainty for the sector. A merger would create the fourth-largest automaker, with a combined market value of...
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October 22, 2019 - 5:35 am
LONDON (AP) — Food delivery company Just Eat has rejected a takeover offer from South Africa's Prosus N.V., saying that the 4.9 billion-pound ($6.2 billion) cash offer "significantly undervalues" it. Prosus, which is owned by South African internet retail group Naspers, has now raised its takeover...
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FILE - This Thursday, Dec. 21, 2017 file photo shows the MedMen marijuana dispensary in Los Angeles. Marijuana stocks have come down hard from their highs a year ago, and the skid isn't just spooking investors. On Tuesday, Oct. 8, 2019, MedMen Enterprises Inc., which sells legal cannabis in California and 11 other states, backed out of a blockbuster deal to buy PharmaCann, a Chicago-based marijuana company with operations in eight states. (AP Photo/Richard Vogel, File)
October 08, 2019 - 8:04 pm
LOS ANGELES (AP) — Marijuana stocks have come down hard from their highs a year ago, and the skid isn't just spooking investors. On Tuesday, MedMen Enterprises Inc., which sells legal cannabis in California and 11 other states, backed out of a blockbuster deal to buy PharmaCann, a Chicago-based...
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September 23, 2019 - 3:23 pm
NEW YORK (AP) — An investment banker whose insider trading conviction was overturned by an appeals court was convicted again at a second trial Monday by a jury that reached a speedy verdict. The Yale-educated Sean Stewart, 38, of North Merrick, was convicted of charges including securities fraud...
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FILE - In this May 21, 1980 file photo, Barron Hilton, head of the Hilton Hotel chain, is shown in Chicago. Hilton, a hotel magnate who expanded his father's chain and became a founding owner in the American Football League, has died. Hilton's family says he died Thursday, Sept. 19, 2019, of natural causes at age 91 in his Long Angeles home. He transformed Hilton into the industry's top brand during his 30 years as its chief executive. (AP Photo/Charles E. Knoblock, File)
September 21, 2019 - 4:58 pm
LOS ANGELES (AP) — Barron Hilton, a hotel magnate who expanded his father's chain and became a founding owner in the American Football League, died Thursday at his Los Angeles home. He was 91. Hilton's family said he died of natural causes. He transformed Hilton into the industry's top brand during...
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