merger

Taiwan’s Fair Trade Commission (FTC) has reportedly blocked Uber Technologies, Inc. (NYSE:UBER) $950 million acquisition of Delivery Hero’s Foodpanda business due to anti-competitive concerns. The merger, which was initially announced in May 2023, would have significantly increased Uber...

Airline company Alaska Air Group, Inc. (NYSE:ALK) is set to report first-quarter financial results before market opens Thursday, April 18. Here are the key earnings estimates and items to watch. Earnings Estimates: Analysts estimate Alaska Air will report first-quarter revenue of $2.19 billion,...

With the business world watching closely, a pivotal merger deadline approaches for the company aiming to combine with the parent of Truth Social. What Happened: The spotlight is on Digital World Acquisition Corp. (NASDAQ: DWAC) and Trump Media and Technology Group (TMTG), the parent...

Democrats are asking the Department of Justice (DOJ) to investigate Warner Bros. Discovery Inc (NASDAQ: WBD) over anti-competitive practices.  Four Democrats have asked the DOJ to review the Warner Bros. Discovery merger, saying that the deal is responsible for “hollowing...

Paramount Global (NASDAQ: PARA) has agreed to pay $122.5 million in a lawsuit settlement claiming that the CBS-Viacom merger was unfair to shareholders. The company revealed that it has agreed to settle the class action litigation now pending in the Delaware Court of Chancery, ...

Peloton Interactive Inc (NASDAQ: PTON) climbed more than 20% Monday with rumors of the fitness equipment manufacturer finding a potential suitor. The stock has recently been hit with a flurry of speculation, driving the price down 74% over the past six months, making it a prime...

Kansas City Southern is firing back at Canadian Pacific's recent efforts to thwart a merger between KCS and CP's rival, CN. KCS (NYSE: KSU) shareholders are holding a special meeting on Aug. 19 to vote on the CN (NYSE: CNI) merger agreement with KCS. Rivals CP and CN are both seeking to acquire...

The $700 million fee that Kansas City Southern paid to terminate its merger agreement with Canadian Pacific slashed KCS' income for the second quarter. KCS (NYSE: KSU) folded the fee into its operating expenses, which became $1.18 billion for the second quarter. It also led to a second-quarter net...

The debate over which Canadian railway would provide greater benefits to stakeholders through a merger with Kansas City Southern (NYSE: KSU) appears to be pitting regions of the U.S. against each other, based on Monday releases from both railways. Canadian Pacific (NYSE: CP) says it has support...

Canadian railway CN (NYSE: CNI) continues to report that it is receiving support for its proposed acquisition of Kansas City Southern (NYSE: KSU). CN's efforts to lobby for public support of a merger between itself and Kansas City Southern (KCS) come as the Surface Transportation Board (STB) is...

Rival suitors CN (NYSE: CNI) and Canadian Pacific (NYSE: CP) continue to seek to win over regulators and prove how their respective railway is the perfect partner to merge with Kansas City Southern (NYSE: KSU). Kansas City Southern (KCS) and CN want the Surface Transportation Board (STB) to...

Canada’s Algoma Steel Inc. is in talks with Legato Merger Corp (NASDAQ: LEGO) to go public through a SPAC merger, according to Bloomberg. The deal is expected to value the entity at more than $1 billion.  The talks are in the preliminary stage, and the terms still could change or...

Kansas City Southern (NYSE: KSU) has made it official: It's breaking up with Canadian Pacific (NYSE: CP) and it's going with the merger offer from CP rival CN (NYSE: CNI). The board of directors for Kansas City Southern (KCS) unanimously determined last week that CN's offer to acquire KCS was "...

The Surface Transportation Board's decision on Monday to hold Canadian railway CN's (NYSE: CNI) petition to acquire Kansas City Southern (NYSE: KSU) to a higher regulatory standard has emboldened both CN and rival Canadian Pacific (NYSE: CP). Both CN and CP are seeking to acquire Kansas City...

Citing competition concerns, the U.S. Department of Justice (DOJ) is asking the Surface Transportation Board (STB) not to approve a request by Canadian railway CN (NYSE: CNI) to form a voting trust. The voting trust would be used to acquire Kansas City Southern (NYSE: KSU). CN is seeking to...