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Mergers & Acquisitions News
Italian Investment Group buys U.S. toppings maker
An Italian private equity firm, Investindustrial, has agreed to purchase Parker Food, a Fort Worth, TX- based toppings maker. This investment will significantly increase their food-business portfolio. Parker Food supplies ingredients such as chocolate drop to the...
USA Truck Acquired by DB Schenker
According to a news release, Arkansas-based USA Truck has been acquired by German logistics powerhouse, DB Schenker. DB Schenker will acquire all outstanding shares of USA Truck common stock for $31.72 per share in cash. Founded in 1983, USA Truck has an approximately...
Cenovus to buy remaining stake in Canada’s Sunrise oil sands
In a deal that will mark BP’s move away from Canadian oil sands production, Cenovus said it would purchase their 50% stake in the Sunrise oil sands project in northern Alberta. The total value of deal includes $466 million in cash and a variable payment of the same...
JetBlue goes hostile to buy Spirit after rejection
JetBlue goes hostile to buy Spirit Airlines after rejection By Reuters | Rajesh Kumar Singh and David Shepardson | May 16, 2022 After their initial offer was rejected by Spirit Airlines, JetBlue has since launched a hostile all-cash takeover of the rival airline. Just...
World Banks Invest in Fossil Fuels in 2021
World Banks Invest $742 Billion in Fossil Fuels in 2021 By Reuters | Simon Jessop | Mar 30, 2022 Despite calls to tighten lending to help slow global warming, a report from Mar. 29 shows the world’s top banks provided $742 billion in finance to the fossil fuel...
JPMorgan to Buy Global Shares
Irish fintech firm Global Shares is being bought by JPMorgan Chase & Co. The firm’s software helps businesses manage employee stock plans. The terms of the deal were not disclosed and is expected to close the second half of this year. Global Shares’ cloud-based...