Mergers and Acquisitions

Bankruptcy 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...

Bankruptcy 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 “...

New 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...

Mars — the packaged food conglomerate that owns Snickers, Cheez-It and other snack brands — will soon add Pop-Tarts, Eggo Waffles, Pringles and more to its portfolio.What Happened: The McLean, Virginia-based company is set to acquire Kellanova (NYSE:K) for $36 billion, or $83.50 per share....

Global mergers and acquisitions (M&A) activity has kept pace in the second quarter, with positive momentum set in the first three months of the year, according to a quarterly report from Willows Towers Watson (NASDAQ:WTW). Data from the Quarterly Deal Performance Monitor revealed that 166 deals...

Despite an overall decline in mergers and acquisitions (M&A) across the cannabis industry, a few states are bucking the trend, showcasing growth and resilience. Recent data from Viridian Capital Advisors provides a comprehensive view of this dynamic sector, highlighting intriguing patterns for...

As the cannabis industry adapts to its new regulatory environment following the DEA's announcement it would move to reschedule cannabis, a recent report from Viridian Capital Advisors suggests a significant uptick in mergers and acquisitions (M&A) activity is on the horizon....

The U.S. Federal Trade Commission (FTC) has launched a lawsuit to halt the $8.5 billion acquisition of Capri Holdings Ltd. (NYSE:CPRI) by Tapestry Inc. (NYSE:TPR). What Happened: The FTC’s lawsuit, filed on Monday, contends that the proposed merger would eliminate direct competition between...

As Paramount Global (NASDAQ:PARA) (NASDAQ:PARAA) navigates through a potential merger with Skydance Media, investor concerns are surfacing regarding the deal’s fairness and the exploration of alternative options. What Happened: Some investors of Paramount Global are voicing their unease over...

Paramount Global (NASDAQ:PARA) is stirring the market’s curiosity as discussions heat up regarding a potential deal with Skydance Media. Skydance founder David Ellison recently met with Paramount’s board, signifying a significant step toward agreeing with Shari Redstone, who owns a...

Sweden-based private equity group EQT announced on Tuesday its largest-ever fundraising with 22 billion euros ($24 billion) in total commitments for its flagship EQT X fund. This exceeded the company’s target size of $21.6 billion and represented one of the largest private equity funds ever...

The $35 billion takeover of Discover Financial Services (NYSE:DFS) by Capital One Financial Corp (NYSE:COF) creates the U.S.’ biggest credit card operator, and a major headache for rivals Visa Inc (NYSE:V) and Mastercard Inc (NYSE:MA). The synergies created are what drove the deal. Capital...

Markets are primed for a revival in mergers and acquisitions (M&A) in 2024 following the worst performance in almost a decade for deal-making in 2023. Equity and M&A experts believe that, after a year beset by volatile markets and rising interest rates, 2024 offers improving conditions for...

Global mergers and acquisitions (M&A) activity fell to the worst levels in a decade in 2023, as high interest rates increased financing costs, while concerns over an economic slowdown weighed on deal-making confidence. Total M&A volumes fell 18% from the previous year’s $3.6 trillion...