Illinois, Chicago-based multimedia corporation Tribune Co has completed its $2.73-billion acquisition of television broadcasting firm Local TV after emerging from a four-year Chapter 11 bankruptcy in December.
Mergers & Acquisitions
Wendy's sells Austin, Sacramento restaurants to HAZA Foods and Desmond Foods
The Wendy's Company said it had sold 30 restaurants in Austin to HAZA Foods and another 19 restaurants to Desmond Foods as part of its System Optimization initiative.
Chinese developer Oceanwide to buy Los Angeles property for $200M
China's Oceanwide Real Estate Group will acquire a sprawling parking lot in downtown Los Angeles for $200 million to develop a five-star hotel, apartments and retail spaces.
KKR & Co. leads Dealogic's list of most active private equity firms in M&A
Private equity firm KKR & Co. takes the top spot in Dealogic's list of most acquisitive investment firms, spending about $174 billion in 34 companies this year.
US law firms Nixon Peabody, Blank Rome in merger talks -sources
US law firms Nixon Peabody and Blank Rome is reportedly in merger talks to create the 33rd largest law firm in the country. Nixon Peabody is a Boston-based law firm, while Blank Rome hails from Philadelphia.
Latest News
US-based utilities MidAmerican Energy holdings Co and NV Energy completed their merger after gaining state and federal approvals fro
Brazil-based fixed-phone company Embratel Participacoes will pour in BRL2.2 billion ($944 million) into Mexico-based mobile phone company Claro as part of a plan to merge the group's fixed and mobile divisions.
Norway-based firm Telenor has bought additional shares worth INR1,000 crore in India-based telecom firm Telewings Communications, bringing its ownership in the Indian firm to 74%.
South Korean oil refiner operator GS Holdings Corp entered into an agreement with commodity trader LG International Corp to acquire a combined stake in STX Energy for $598 million.
Cork, Ireland-based consumer electronics distributor PCH International announced it has acquired Australian distribution company Conexus for an undisclosed amount to give its clients better access to the Australian and Asian markets.
Textron Inc Chairman and Chief Executive Officer Scott Donnelly disclosed to analysts and investors in a teleconference today that it will be financing its acquisition of Beech Holdings LLC via debt.
Sprint Corp's shares climbed as much as 15% earlier in trading day today as speculation that it will be merging with rival T-Mobile US Inc rises, said a Bloomberg report.
Cape Town, South Africa-based investment firm Foord Asset Management has lifted its stake in Johannesburg-based drug maker Adcock Ingram to 15%, according to a regulatory filing on Friday.
Russian oil producer Rosneft said on Friday that it does not have any plans to make strategic acquisitions after agreeing to acquire Morgan Stanley's oil trading unit last week.
