Amcor expands packaging business to the US with $5.25 billion Bemis deal

Amcor expands packaging business to the US with $5.25 billion Bemis deal

The all-stock deal for Bemis will give Amcor deeper access to the rigid-plastic packaging business in North America. Amcor will list on the NYSE after the combination. The deal is expected to close in the first quarter of 2019. Packaging company Amcor will absorb U.S. rival Bemis in a $5.25 billion all-stock deal, the Australian company announced Monday. “We will establish a listing on the New York Stock Exchange with a market capitalization of about…

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Private equity giant Leonard Green takes another chance on retail, buying hot online retailer Shade Store for $325 million

Private equity giant Leonard Green takes another chance on retail, buying hot online retailer Shade Store for $325 million

Private equity firm Leonard Green & Partners is acquiring customized treatment company The Shade Store. Terms were not announced, but CNBC has learned the deal is worth $325 million. The Shade Store sells its custom-made window treatments online and in 60 showrooms across the country. The Shade Store start out in 2006 as a website. Private equity firm Leonard Green & Partners announced plans Thursday to acquire The Shade Store, a customized window treatment company….

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PepsiCo to buy SodaStream for $3.2 billion

PepsiCo to buy SodaStream for $3.2 billion

Beverage and snack giant PepsiCo announced plans Monday to acquire at-home carbonated drink maker SodaStream for $3.2 billion. Purchase, New York-based PepsiCo agreed to pay $144 per share in cash for SodaStream’s outstanding stock, a 32 percent premium to its 30-day volume weighted average price. The deal gives PepsiCo a new line through which it can reach customers in their homes rather than through stores. It comes as U.S. grocers are in a state of…

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Kraft Heinz CEO doesn’t want long-term M&A regrets amid Campbell Soup speculation

Kraft Heinz CEO doesn’t want long-term M&A regrets amid Campbell Soup speculation

Bernando Vierira Hees, CEO of Kraft Heinz, said during its second quarter earnings call about acquisitions, “And I think also important to say, we don’t do something to be happy for a quarter and then be regretting for the long-term, to be apologizing for the next couple of years.” Kraft Heinz passed on the chance to bid on Pinnacle Foods, sources told CNBC, which could signal that any potential interest in Campbell is waning. Hees…

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Kraft Heinz passed on Pinnacle Foods and that means it may not want to buy Campbell Soup

Kraft Heinz passed on Pinnacle Foods and that means it may not want to buy Campbell Soup

Kraft Heinz passed on the opportunity to bid on Pinnacle Foods in a recent sale of the company, sources tell CNBC. Kraft Heinz told Pinnacle Foods “such an acquisition would not be a good strategic fit … at the current valuation levels.” Its disinterest in Pinnacle may have implications for its potential interest in Campbell, should the soup giant put itself up for sale. Kraft Heinz recently passed on the opportunity to bid on Pinnacle…

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AT&T falls after missing on revenue in first results since Time Warner deal close

AT&T falls after missing on revenue in first results since Time Warner deal close

AT&T shares fell more than 2 percent after the telecom company reported mixed second quarter earnings and revenue. On the call, Stephenson and fellow executives discussed their strategic vision for combining AT&T and Time Warner, including increased investment in premium programming and direct to consumer products. AT&T shares fell more than 2 percent, before paring some of those losses, after the telecom company reported mixed second quarter earnings and revenue. Here’s how the company did…

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State Street shares fall most in 2 years after halting buyback to complete merger

State Street shares fall most in 2 years after halting buyback to complete merger

The financial services giant agreed to buy Charles River Development for $2.6 billion in an all-cash deal, which is expected to close in the fourth quarter of 2018. However, State Street also said it will suspend a $950 million share repurchase through the end of the year to help finance the transaction. State Street shares dropped 7 percent on Friday, on track for their worst day in two years, after the bank announced it will…

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After exiting battle for Fox, Comcast fires ‘warning shot’ to Disney over Sky takeover, analyst says

After exiting battle for Fox, Comcast fires ‘warning shot’ to Disney over Sky takeover, analyst says

The trans-continental bidding war between Comcast and Disney had become one of the most intriguing media battles for decades, given the sheer scale of money on the table and the two CEOs’ well-known contempt for one another. Comcast announced Thursday that it would drop out of the race to acquire Fox’s assets, paving the way for Disney to complete its takeover. “This is one day going to make a fantastic scripted drama in and of…

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Strike three: Comcast can add Fox to list of huge acquisitions it’s failed to close

Strike three: Comcast can add Fox to list of huge acquisitions it’s failed to close

Comcast CEO Brian Roberts is dropping his pursuit to buy Fox. Roberts has also withdrawn bids to buy Disney and Time Warner Cable. Roberts could still walk away with an M&A win if Comcast buys Sky — or he could add yet another swing and miss. Declaring failure on a huge telecommunications acquisition has become old hat for Comcast CEO Brian Roberts. Comcast on Thursday formally withdrew its bid for Fox to focus on buying…

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JAB-backed Krispy Kreme is nearing a deal to acquire Insomnia Cookies

JAB-backed Krispy Kreme is nearing a deal to acquire Insomnia Cookies

  Krispy Kreme Doughnut is nearing a deal to acquire Insomnia Cookies, sources tell CNBC. Investment firm JAB Holding acquired Krispy Kreme in 2016 for $1.35 billion. The deal would help Krispy Kreme expand beyond its iconic glazed doughnuts. Krispy Kreme Doughnut is nearing a deal to acquire Insomnia Cookies in a move that would help the coffee and doughnut chain move beyond the glazed treats for which it is known, sources familiar with the…

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