Mergers and acquisitions

February 25, 2019 - 8:39 am
NEW YORK (AP) — Barrick Gold will try to acquire Newmont Mining Corp. in an approximately $18 billion all-stock deal that would create a mining behemoth worth about $42 billion. Newmont, based in Colorado, has shunned the Canadian miner so far, and the latest brush between the fierce rivals is...
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February 23, 2019 - 3:30 pm
OMAHA, Neb. (AP) — Billionaire Warren Buffett says the company he built through decades of acquisitions continues to perform well even though he hasn't found any major deals at attractive prices recently. Buffett released his annual letter to Berkshire Hathaway Inc. shareholders on Saturday. He...
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FILE - This April 30, 2018, file photo shows signage a T-Mobile store in New York. The top executives of T-Mobile and Sprint are making the case to Congress that their proposed $26.5 billion merger wouldn't hurt competition and jack up the prices consumers pay for wireless service. (AP Photo/Bebeto Matthews, File)
February 13, 2019 - 1:36 am
WASHINGTON (AP) — Top executives of T-Mobile and Sprint are taking the case for their 26.5 billion merger to Congress, arguing that joining their companies won't hurt competition or jack up prices for wireless service. They could face skepticism at a hearing Wednesday. The deal, which must win...
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FILE - This Aug. 22, 2003 file photo shows the corporate headquarters of BB&T in Winston-Salem, N.C. Southern regional banks BB&T and SunTrust are combining in an all-stock deal valued at about $66 billion. The banks said Thursday, Feb. 7, 2019 that the combined company will be the sixth-largest U.S. bank based on assets and deposits. It will have approximately $442 billion in assets, $301 billion in loans and $324 billion in deposits serving more than 10 million households (David Rolfe/The Winston-Salem Journal via AP)
February 07, 2019 - 12:39 pm
NEW YORK (AP) — Southern banking giants BB&T and SunTrust announced they would merge in a $66 billion deal, the first big bank merger since the chaos of the 2008 financial crisis. The deal would create yet another financial titan in the U.S. The combined company will be the sixth-largest retail...
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European Competition Commissioner Margrethe Vestager, left, talks to Trade Commissioner Cecilia Malmstrom prior the weekly College of Commissioners meeting at EU headquarters in Brussels, Wednesday, Feb. 6, 2019. European Union authorities on Wednesday rejected a massive rail merger deal between France's Alstom and Germany's Siemens in what the two nations had hoped would have created a global competitor to stand up to China. (AP Photo/Francisco Seco)
February 06, 2019 - 11:30 am
BRUSSELS (AP) — European Union authorities on Wednesday blocked a deal to create a rail giant that could compete with China, angering France and Germany so much that they vowed to change the way the EU oversees such mergers. The decision raised thorny questions of how to stand up to the growing...
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January 28, 2019 - 2:32 am
BERLIN (AP) — France's Alstom says that it and Germany's Siemens have offered new concessions in an effort to overcome European authorities' concerns about the planned merger of their train-building operations. A European Union decision on whether to allow the deal to go ahead is expected soon. The...
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FILE - This April 4, 2012, file photo shows the Newmont Gold Quarry pit in Battle Mountain, Nev. Newmont Mining will buy Canada’s Goldcorp in a deal valued at about $10 billion that would create the world’s biggest gold miner. (David B. Parker/The Reno Gazette-Journal via AP, File)
January 14, 2019 - 7:29 am
DENVER (AP) — Newmont Mining will buy Canada's Goldcorp for $10 billion, creating the world's biggest gold miner. The combined company could log gold production of 6 million to 7 million ounces over a decade and recognize $100 million in annual pre-tax savings. Miners are consolidating as gold...
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January 12, 2019 - 4:16 am
BUCHAREST, Romania (AP) — Romania's defense ministry has suspended the 1.6 billion euro ($1.83 billion) acquisition of four warships following a political dispute over which offer best serves the NATO member. The ministry said it had informed military prosecutors there were "reasonable suspicions"...
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January 08, 2019 - 12:13 pm
NORTH KINGSTOWN, R.I. (AP) — Discount retailer Ocean State Job Lot has purchased six former Toys R Us locations and agreed to a long-term lease at a seventh in New York, New Hampshire, Massachusetts, and Pennsylvania. The three Pennsylvania locations in Montgomeryville, Scranton and Wilkes-Barre,...
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FILE - This April 20, 2009 file photo, shows the British pharmaceuticals firm GlaxoSmithKline in London. Drugmakers GlaxoSmithKline and Pfizer are merging their healthcare divisions, creating a business with combined sales of 9.8 billion pounds ($12.7 billion). British-based Glaxo will own 68 percent of the joint venture, while U.S.-based Pfizer will own the remaining 32 percent stake. (AP Photo/Sang Tan, File)
December 19, 2018 - 1:18 pm
Drugmakers GlaxoSmithKline and Pfizer plan to merge their consumer health businesses into what will be the world leader in sales of nonprescription medicines such as pain relievers, vitamins and cold remedies. The new joint venture would have with combined annual sales of $12.7 billion (9.8 billion...
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