Mergers and Acquisitions

New On The Block TD Bank, or Toronto-Dominion Bank (TSX:TD), will consider selling its 10.1% stake in Charles Schwab Corp. The sale is part of a strategic review stemming from the Canadian bank’s U.S. money-laundering scandal. Incoming TD Bank CEO Raymond Chun confirmed the process to...

Constellation Energy (NASDAQ:CEG) shares are trading higher on Friday after the company announced an agreement to acquire electricity generation company Calpine Corp. in a cash and stock deal valued at $16.4 billion. The transaction also entails the assumption of Calpine’s debt, bringing the...

Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) inked a deal to sell its Europe-North segment businesses to Bauer Radio Limited for $625 million in cash. The transaction is valued at around 6.5x the Europe-North segment’s results for the twelve months ended Sept. 30, 2024. The company plans...

Bankruptcy 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...

Shares of General Motors Company (NYSE:GM) are little changed Monday despite news that rivals Honda Motor Co., Ltd. (NYSE:HMC) and Nissan Motor Co., Ltd. (OTC:NSANY) are discussing a merger. This would create the world's third-largest automaker. It is not clear how this would affect the long-term...

New 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...

It'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...

New On The Block Intevac, Inc. (NASDAQ:IVAC), which manufactures technologies for applications like solar cells and hard disk drives, has undergone a makeover. With its old restructuring woes in the rearview mirror, the company’s forecasted EBITDA is looking a lot healthier — basically, it...

United States Steel Corp. (NYSE:X) shares plunged Tuesday following a report that President Joe Biden will block the company's proposed deal with Nippon Steel.  The Details: People familiar with the matter told Bloomberg that Biden views the sale as a national security risk. The Committee on...

New 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...

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. What Happened: The company disclosed the sale process as part of its second-quarter financial report. Earnings were mixed...

The 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...

New 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...

New 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:...

Amid Comcast Corp’s (NASDAQ:CMCSA) impending cable networks spinoff, Walt Disney Co. (NYSE:DIS) CEO Robert A. Iger has ruled out the need for further mergers and acquisitions. What Happened: On Thursday, during Disney’s fourth-quarter earnings call, UBS analyst John Hodulik...