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Deal Dispatch: Vera Bradley Is A Mixed Bag, Modell's Ex-CEO Explores Party City
Friday, January 3, 2025 - 2:52pm | 1130New On The Block Vera Bradley Inc. (NASDAQ:VRA) sales are down. The handbag brand’s largest shareholder, Fund 1 Investments LLC, isn’t happy about it. A Dec. 30 letter to the board referred to co-founder Barbara Bradley Baekgaard‘s designs as “iconic” and “...
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Deal Dispatch: Party City Wraps Up, Big Lots Goes Bust, The Container Store Continues
Friday, December 27, 2024 - 4:44pm | 955Bankruptcy Block Party City Holdco Inc., the one-stop-shop for all things celebration, is calling it a wrap. The company’s 700 stores are holding going-out-of-business sales. This is the second time Party City filed for Chapter 11 bankruptcy protection in two years. In 2023, a restructuring...
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Deal Dispatch: Honeywell, Textron And Soho House Are Making M&A Moves
Saturday, December 21, 2024 - 5:00pm | 1210New On The Block Honeywell (NASDAQ:HON) is back at it again with big plans and boardroom brainstorms. This time, the Charlotte, North Carolina-based company is considering sending its aerospace business off to fly solo. Recently, Honeywell unveiled plans to spin off its Advanced Materials business...
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Big Lots Holds Liquidation Sales, Analyst Pegs Competitor As Major Beneficiary: 'Market Share Capture Opportunity'
Friday, December 20, 2024 - 1:50pm | 452Furnishing and retailer Big Lots Inc.’s (OTC:BIGGQ) Chapter 11 bankruptcy filing in September and impending store closures could benefit a close competitor, a Wall Street analyst says. What Happened: On Sept. 9, Big Lots filed for Chapter 11 and announced a subsequent sale of its assets...
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Comfort Food Comeback: How Mina Haque Plans To Make Tony Roma's Sizzle Again
Wednesday, December 18, 2024 - 10:03am | 1303It's a rare scenario when someone conducting M&A due diligence becomes CEO of the company. But that’s exactly what happened when Mohaimina (Mina) Haque went from Tony Roma's legal advisor to overseeing the entire restaurant chain. In 2020, Tony Roma’s landed on the auction block...
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Deal Dispatch: Ubisoft In Buyout Talks, Dental Supplier Explores Sale, Beloved Drive-Through Goes Bankrupt
Saturday, December 7, 2024 - 12:00pm | 1256New On The Block Dental supply maker Patterson Companies Inc (NASDAQ:PDCO) announced Thursday that it is exploring strategic options, including a sale or merger, to boost shareholder value. The company disclosed the deal process as part of its second-quarter financial report. Updates From The Block...
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Deal Dispatch: Stoli On The Rocks As US Business Goes Bankrupt, Ally Financial To Sell Credit Card Unit
Saturday, November 30, 2024 - 11:00am | 851The U.S. division of Stoli Group hopes to get a deal under Chapter 11 bankruptcy protection. The company applied on Nov. 27 to the U.S. Bankruptcy Court in the Northern District of Texas. Stoli Group USA, based in New York, and Kentucky Owl American whiskey business plan to restructure all assets...
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Peter Schiff Calls MicroStrategy A 'Great Short' And Issues A Grim Warning: 'It Can Only End In Bankruptcy'
Thursday, November 28, 2024 - 11:00pm | 674Influential economist and market strategist Peter Schiff said shorting MicroStrategy Inc.’s (NASDAQ:MSTR) stock was a good idea, as he predicted potential bankruptcy for the company. What Happened: During an interview with Kitco News that aired Thursday, Schiff called MicroStrategy...
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Deal Dispatch: Starbucks Considers China Sale, Private Equity Bankrupts Snack Company, Darwin Financial Talks Mining
Friday, November 22, 2024 - 5:15pm | 1325New On The Block Starbucks (NASDAQ:SBUX) is looking to sell a stake in its Chinese operations. Same-store sales in China fell 14% last quarter, with the Seattle-based coffee retailer seeking partnerships to adapt to tough economic and competitive pressures. Bankruptcy Block Snack producer...
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Deal Dispatch: Shell, Unilever And More Are On The Sell Side; The Onion Makes Alex Jones Cry Foul
Sunday, November 17, 2024 - 3:49am | 1306New On The Block Evolent Health Inc (NYSE:EVH) is reportedly up for sale. The Arlington, Virginia-based software provide initiated an auction process after receiving takeover inquiries. Among the potential suitors are TPG Inc (NASDAQ:TPG), Clayton, Dubilier & Rice, and KKR & Co. Inc. (NYSE:...
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Joke's On Jones: Onion, Backed By Families Of Sandy Hook Victims, Buys Info Wars
Thursday, November 14, 2024 - 1:46pm | 634Alex Jones’s media company, the self-styled defender against so-called "fake news," is now the property of the very people it relentlessly defamed. What Happened: The Onion, America's premier satirical news outlet, acquired Jones' Infowars at a bankruptcy auction, according to the Associated...
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Deal Dispatch: Prison Companies In Focus Post-Election, Tripadvisor Boasts $11B In Cash
Saturday, November 9, 2024 - 1:33pm | 968Bankruptcy Block Wellpath Holdings Inc., a major provider of healthcare services to jails across the U.S., is preparing to file for bankruptcy. Owned by H.I.G. Capital, the Nashville, Tenn.-based company has struggled with debt and labor costs. Despite efforts, including a forbearance agreement...
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Deal Dispatch: TGI Fridays Goes Bankrupt, BHP Backtracks Comments And More M&A News
Saturday, November 2, 2024 - 11:00am | 594Bankruptcy Block TGI Fridays just rang the "last call" for a financial lifeline, filing for Chapter 11 bankruptcy in Texas. Known for its appetizers, wings, and cocktails, the restaurant chain plans to keep its 39 company-owned locations open as it attempts to restructure its finances and “...
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Deal Dispatch: UFC, WWE Parent TKO Takes On Bull Riding; Endeavor Looks To Sell Tennis; Another Car Company Goes Bankrupt
Saturday, October 26, 2024 - 2:31pm | 761New On The Block Ari Emanuel‘s sports and entertainment conglomerate, Endeavor Group Holdings Inc (NYSE:EDR), is reviewing a potential sale of IMG tennis assets — including the Miami Open and Madrid Open tennis tournaments. Most of IMG’s other assets were included in a transaction...
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Deal Dispatch: Altus Power, Motorsport Games Explore Options, True Value Goes Bankrupt, M&A Activity Lags
Monday, October 21, 2024 - 2:46pm | 1134New On The Block Altus Power (NYSE:AMPS) tapped investment bank Moelis & Company LLC to explore strategies to boost shareholder value. According to the clean electricity provider, the process should wrap up by 2025. Altus retained law firm Latham & Watkins to advise on legal matters....