Merger Deals

[Channel98]

Shares of JetBlue Airways closed today at 6.75, a gain of 0.28 (4.33%). Shares of Spirit Airlines closed at 5.76, a drop of 0.70 (10.84%). Federal regulators allowed Sirius and XM to merge in 2008 and shares of SiriusXM are now at 4.17. Wooh!

JetBlue and Spirit Call Off Their $3.8 Billion Merger

JetBlue said it would pay Spirit $69 million to terminate the deal, which federal antitrust regulators blocked.

www.nytimes.com

 

[kingchuck69]

Why does the US government think a Kroger-Albertsons merger would be bad for grocery shoppers?

Two of the biggest grocery chains in the United States had hoped to complete the largest supermarket merger in the country’s history this year.

apnews.com

My mother lived in Phoenix and worked at a store in a Plaza that had an Albertson's in it. Well, the Kroger O&O Fry's up the street remodeled to be more hoidy-toidy and Albertson's closed in 2017. I just checked Google and it's still empty.

 

[Channel98]

Brothers Andrew and Isadore Saks opened the first Saks & Co. men's clothing store in 1866 in Washington DC. Today the Saks Fifth Avenue chain operates 42 stores in the United States, Canada, Bahrain and Kazakhstan. Herbert Marcus, his sister Carrie Neiman and her husband Abraham opened the first Nieman Marcus clothing store in 1907 in Dallas. Today there are 36 Nieman Marcus locations in the United States.,

Saks Fifth Avenue is buying Neiman Marcus with Amazon’s help

https://www.cnn.com/2024/07/05/business/saks-fifth-avenue-neiman-marcus-amazon/index.html

 

[scotchandcigar]

These two amusement park giants just merged. Rollercoaster fans are nervous​

https://www.cnn.com/2024/07/06/business/six-flags-cedar-fair-merger-rollercoaster/index.html

 

[Wolf]

Paramount Global to merge with Skydance Media

https://www.cnn.com/2024/07/08/media/paramount-global-skydance-merger-announcement/index.html

 

[semipenguin]

A powerful new player in Hollywood - Marketplace

That talk about the merger in this podcast

 

[Channel98]

MIke Young and John Zapp opened the first Chuy's Mexican restaurant in 1982 in Austin. There are now 101 Chuy's in 15 states. Darden Restaurants, headquartered in Orlando, owns nine other restaurant chains including Olive Garden, LongHorn Steakhouse, Ruth's Chris Steak House and The Capital Grille. Shares of Darden closed today at 142.87, a drop of 4.50 (3.05%).

Austin-based Chuy's Tex-Mex acquired by Darden Restaurants for $605 million

https://www.mysanantonio.com/business/article/darden-chuys-19580509.php

 

[Channel98]

Shares of Verizon closed today at 41.30, a drop of 0.18 (0.43%). Shares of Frontier Communications closed at 35.00, a drop of 3.68 (9.51%).

Verizon to acquire Frontier in $20 billion deal to boost fiber network

https://www.cnn.com/2024/09/05/tech/verizon-frontier-deal/index.html

 

[HecticArt]

Great my cell bill is going to go up again.

 

[Channel98]

Pacific Coast Oil Company was founded in 1879 in San Francisco. After merging with Standard Oil Company of Iowa, it became Standard Oil Company of California in 1906 and was renamed Chevron in 1984..Chevron acquired Gulf in 1984, Texaco in 2001 and Unocal in 2005. Shares of Chevron closed today at 147.54, a gain of 1.86 (1.28%).

FTC set to greenlight Chevron's $53 billion purchase of oil rival Hess, sources say

https://www.reuters.com/markets/deals/ftc-set-greenlight-chevrons-53-billion-buy-oil-rival-hess-sources-say-2024-09-23/

 

[scotchandcigar]

DirecTV agrees to buy Dish for $1​

https://www.cnn.com/2024/09/30/media/directv-dish-network-merger/index.html

 

[sadchild]

The old expression "marrying into your debt"......

 

[HecticArt]

Hell.....I'd have given them $2.....

 

[Channel98]

The Kroger Company, founded in 1883 when Barney Kroger opened a grocery store in Cincinnati, is the United States' largest supermarket operator, with more than 2.700 stores in 35 states and the District of Columbia. Among Kroger's chains are Dillons, Ralphs, Fred Meyer, Smith's, Fry's, QFC, Harris Teeter, King Soopers and Food 4 Less. Albertsons, with nearly 2,400 stores, is the nation's second-largest supermarket operator. Among the company's chains are Vons, Albertsons, Safeway, Shaw's, Balducci's, Randalls, Tom Thumb, Jewel-Osco, Market Street, Acme Markets and Kings Food Markets, Shares of Kroger closed today at 60.73, a gain of 2.96 (5.12%). Shares of Albertsons closed at 18.51, a drop of 0.43 (2.27%).

$24.6 billion Kroger-Albertsons merger blocked by federal court

https://www.9news.com/article/news/nation-world/kroger-albertsons-merger-blocked/507-fbfa8cb2-5b5c-4828-b439-06dea96d4012

 

[Wolf]

Good, I believe this merger shouldn't happen. There already couple of grocery stores closed by me. I believe another one might be closing soon.

 

[Wolf]

Albertsons calls off merger and sues Kroger

 

[HecticArt]

Albertsons calls off merger and sues Kroger

And somehow, even without the merger, my grocery bill is going to go up.

Thanks corporate America!

 

[IdRatherBeSkiing]

And somehow, even without the merger, my grocery bill is going to go up.

Thanks corporate America!

Gotta raise money for the lawyers somehow. Didn't expect it to come out of executive paychecks or bonuses or the profits did you?

 

[Channel98]

In terms of revenue, the world's largest automakers are Volkswagen, Toyota and Stellantis. If this merger goes through, Stellantis will fall to fourth place. Shares of Honda closed today at 26.93, a gain of 3.04 (12.75%). Shares of Nissan closed at 5.68, unchanged.

Honda and Nissan confirm plans to merge into third-largest automaker

https://www.caranddriver.com/news/a63265051/honda-nissan-confirm-merger-plans/

 

[sadchild]

I was simply going to say how can I have never heard of the 3rd largest automaker in the world.

But then Google/Wikipedia helped me understand

Stellantis designs, manufactures, and sells automobiles bearing its 14 brands: Abarth, Alfa Romeo, Chrysler, Citroën, Dodge, DS, Fiat, Jeep, Lancia, Maserati, Opel, Peugeot, Ram Trucks, and Vauxhall.

Abarth?
Alfa Romeo - heard of it but not that familiar
Chrysler - I know this
Citroen?
Dodge - I know this
DS?
Fiat - I know it but not well
Jeep - I know this
Lancia?
Maserati - I know this
Opel - heard of it, but don't really know it
Peugot - there is a name I haven't heard in a LONG time
RAM - I know this
Vauxhaul?