Mergers News Updates

BusinessLogistics

Kraft Heinz Breakup to Create 2 Distinct Food Giants

Following the breakup, one company will be made up of its Heinz Ketchup and other iconic condiments and boxed meals 鈥 a unit that currently generates $15.4 billion in sales.

September 2, 2025
BusinessEquipmentFuelLogisticsFor-Hire

Pinch Acquires Levinge in Oil Field Freight Merger

Houston-based Pinch is seeking to expand its flatbed less-than-truckload and truckload operations for oil and natural gas exploration and service companies with the deal.

August 29, 2025
BusinessPrivateTop 100

US Foods Calls for Talks After Performance Food Snubs Merger

鈥淥ur ask of PFG is to simply work together to further understand the merits and opportunities of a potential combination,鈥 US Foods聽CEO Dave Flitman said.

August 7, 2025
BusinessLogistics

CSX Working With Goldman Sachs to Explore Options, Sources Say

CSX is working with Goldman Sachs Group, people familiar with the matter said, as the company explores options to participate in rail consolidation after two major rivals announced a merger.

July 31, 2025
BusinessLogistics

Union Pacific to Buy Norfolk Southern in $85 Billion Deal

Union Pacific agreed to acquire Norfolk Southern, forming a transcontinental rail behemoth in what stands to be the industry鈥檚 largest deal ever.

July 29, 2025
GovernmentBusinessPrivateTop 100

Albertsons Seeks Details on Ex-Kroger CEO鈥檚 Personal Conduct

Albertsons demanded that Kroger provide details on the personal conduct that led the company to replace its CEO, Rodney McMullen, who shepherded the grocers' failed merger.

July 28, 2025
BusinessEquipmentFuel

Chevron Cuts 575 Houston Jobs After $53B Hess Takeover

The reductions were handed down on July 18 and take effect Sept. 26, according to a filing with the Texas Workforce Commission on July 23.

July 23, 2025
BusinessLogistics

Union Pacific Said to Be Exploring Deal for Norfolk Southern

Union Pacific is exploring an acquisition of Norfolk Southern, setting up what could rank as the largest railroad deal ever, according to people familiar with the matter.

July 17, 2025
BusinessEquipmentPrivate

Herc Rentals Closes $3.9 Billion Merger With H&E

鈥淭he acquisition of H&E accelerates Herc鈥檚 proven strategy and strengthens our position as a premier rental company in North America,鈥 said Herc CEO Larry Silber.

June 6, 2025
GovernmentBusiness

US Steel Deal With Nippon Seen Closing by Merger Deadline

Nippon Steel and United States Steel are on pace to finalize their $14.1 billion combination with President Donald Trump鈥檚 administration ahead of a deal deadline later this month.

June 5, 2025