Mergers News Updates

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DSV Buys DB Schenker for $15.9B, Creating Logistics Giant

DSV, founded by 10 Danish truckers in the 1970s, has grown through a string of acquisitions in the fragmented transport industry, including buying targets that were larger than itself.

September 13, 2024
GovernmentBusinessPrivate

Kroger Plans Minimum 7-Tranche Bond Sale for Albertsons Deal

Kroger is poised to sell investment-grade bonds in at least seven parts to help fund its proposed acquisition of Albertsons as antitrust scrutiny continues to hang over the plan.

August 19, 2024
GovernmentBusinessPrivate

Kroger Doubles Price Cut to $1 Billion Post-Albertsons Merger

Kroger Co. has pledged to cut grocery prices by $1 billion, doubling its initial promise, as it seeks to win regulatory approval for its $25 billion merger with Albertsons Cos.

August 15, 2024
GovernmentBusinessPrivate

Kroger and Albertsons Spend More Than $800M on Merger Fees

Kroger Co. and Albertsons Cos. have spent more than $800 million on fees paid to lawyers, bankers and advisers for their proposed merger.

August 13, 2024
Logistics

Seven Logistics Companies Merge Into SalSon Logistics

A group of seven logistics companies is set to merge under the banner of SalSon Logistics, with a focus on drayage and warehousing services, they said Aug. 5.

August 5, 2024
GovernmentBusinessFuel

Chevron, Hess Merger Faces Long Delay

Shares of Chevron Corp. and Hess Corp. plunged after announcing an arbitration hearing with Exxon Mobil Corp. related to their $53 billion merger will be delayed until at least mid-2025.

August 1, 2024
BusinessPrivate

International Paper Seeks to Reassure DS as Suzano Plots Bid

International Paper Co.’s top boss traveled to London to reaffirm his company’s commitment to merger partner DS Smith, downplaying a takeover offer from Suzano.

June 3, 2024
GovernmentBusinessFuel

ConocoPhillips to Buy Marathon Oil for $17.1 Billion

ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits.

May 29, 2024
BusinessFuel

Hess Investors Vote in Favor of $53 Billion Chevron Takeover

Hess Corp. shareholders approved Chevron Corp.’s $53 billion takeover despite reservations among several prominent investors about a dispute with Exxon Mobil Corp. over a key asset.

May 28, 2024
BusinessFuel

John Hess Calls Investors to Back Chevron Deal Before Vote

John Hess is talking to directly with shareholders in a last-ditch effort to ensure enough support for a $53 billion takeover by Chevron Corp., according to people familiar with the matter.

May 23, 2024