Franchise News
Air Liquide to Acquire Airgas for $13.4 Billion in Cash, Strengthen Company's Global Leadership Position
Citrix to Spin Off GoTo Business, Enhances Company's Strategic Focus and Competitive Positions
Statoil Exits Alaska, Leases in Chukchi Sea No Longer Considered Competitive
Statoil, a major Norwegian oil company, has announced in a press release that it will be exiting its leases and closing its office in Alaska. The company said that it no longer find the leases in Chukchi Sea competitive within its global portfolio.
Latest News
Media General Rejects Nextstar's Bid, But Agrees to Engage in Negotiations
Media General, Inc. has announced in a press release that their board has unanimously rejected Nexstar Broadcasting Group, Inc.’s unsolicited proposal, as currently constructed, for Nexstar to acquire all the outstanding common stock of Media General. The company, though, agrees to engage in negotiations with Nexstar regarding the proposed merger.
Taco Bell Aims To Serve Eggs From Cage-Free Chickens In All U.S. Restaurants By End Of 2016
Taco Bell Corp. announced in a press release that 100 percent of its more than 6,000 U.S. corporate and franchised-owned restaurants will exclusively serve cage-free eggs by December 31, 2016. The move would make Taco Bell the first national quick service restaurant to completely implement the change.
Constellation Brands Acquires Ballast Point, Allows it to Compete in Craft Beer Segment
Constellation Brands Inc. has announced in a press release that it will be acquiring Ballast Point Brewing & Spirits, one of the fastest growing craft beer companies in the U.S., for approximately $1 billion. The acquisition allows Constellation to compete in the fast-growing craft beer segment and further strengthen its position in the highest end of the U.S. beer market.
Liberty Global Acquires Cables & Wireless, Creates Leading Consumer, B2B Communications Provider in Latin America and the Caribbean
Liberty Global plc has announced in a press release that it will be acquiring Cable & Wireless Communications Plc for approximately £3.5 billion, or $5.3 billion. The acquisition would create the leading consumer and B2B communication provider in Latin America and the Caribbean.
Julius Baer to Increase its Stake at Kairos, Reinforces its Long-Term Position in Italy
Julius Baer Group Ltd. has announced in a press release that it has agreed to increase its stake at Kairos Investment Management SpA, the leading independent Italian wealth and asset management firm. The acquisition would reinforce Julius Baer’s and Kairos’ long-term position in Italy.
Marriott to Acquire Starwood Hotels & Resorts, Become World's Largest Hotel Company
Marriott International, Inc. has announced in a press release that it will be acquiring Starwood Hotels & Resorts Worldwide, Inc. for $12.2 billion. The acquisition makes Marriott the largest hotel company in the world.
CEO Marcelo Claure Discusses 'One Sprint' Business Strategy
Marcelo Claure, the CEO of Sprint Corp., has just revealed his “One Sprint” business strategy in a weekly newsletter to employees, according to a report from the Kansas City Business Journal.
GE Close to Selling its Japanese Commercial Lending Business with 2 Bidders Remaining, Bids Value Business at $5 Billion
General Electric Co. (GE) is nearing the sale of its Japanese commercial lending business with only two bidders remaining, a person familiar with the matter told The Wall Street Journal. The bids have valued GE’s commercial lending and leasing operation at nearly $5 billion.
U.S. Regulator Orders Plains to Purge and Make Repairs to California Pipeline, Prevent Another Oil Spill
The U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) has ordered Plains All American Pipeline to purge and shut down a pipeline system in California until further notice, according to a PHMSA’s Corrective Action Order (CAO). The order is to prevent another oil spill that affected the Santa Barbara County shores in May.
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