Merger

Italy's Conad Merges Cooperatives To Form Conad Centro Sud

Conad PAC 2000A and Conad Sicilia have agreed to merge to form Conad Centro Sud, a group with an aggregate turnover of €4.5 billion and a market share...

Philip Morris And Altria Ditch Merger Talks Amid Vaping Crackdown

Philip Morris International has scrapped merger talks with Altria Group and will instead focus on the launch of its tobacco-heating product iQOS in the Uni...

UK Regulator Blocks Sainsbury's $9.4bn Asda Takeover

Britain's competition regulator has blocked Sainsbury's proposed £7.3 billion ($9.4 billion) takeover of Walmart owned Asda - a huge blow to the...

Sainsbury's-Asda Deal Could Live With Upwards Of 132 Store Disposals: UBS

The proposed merger of Sainsbury's and rival supermarket operator Asda would be viable even if regulators forced the group to dispose of 132 or more stores...

Activist Fund Elliott Set To Shake Up Drinks Giant Pernod

Elliott Management has taken a stake in Pernod Ricard and wants the family-backed French drinks company to try to improve its performance vi...

Sainsbury's And Asda Seek Extra Time For Merger Inquiry

Sainsbury's and Asda, the two British supermarkets that want to combine their businesses, have asked for a delay in the competition inquiry into their prop...

Tesco Says Sainsbury's-Asda Deal Needs 'Extensive Remedies'

British supermarket group Sainsbury's proposed takeover of rival Asda would not be cleared by the competition regulator without the need for 'extensive rem...