Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in value, as U.S. tax reform and faster economic growth in Europe unleashed many companies’ dealmaking instincts.
Archive for March, 2018
Report: Target, Big Lots and Aldi are just a few companies eyeing Toys ‘R’ Us properties
A handful of Toys “R” Us stores will go on the block this week — and they are generating attention among retailers and real estate firms, alike.
Carlyle-Led Consortium to Buy Akzo Nobel’s Chemicals Unit for $12.6 Billion
A consortium led by private-equity giant Carlyle Group LP agreed Tuesday to buy the specialty chemicals business of Dutch paints giant Akzo Nobel NV for €10.1 billion ($12.6 billion) including debt, as competition among cash-rich buyout firms for bigger deals heats up.
In Grocery’s Physical-Digital Age, Side with the Shopper
The line between physical and digital in the grocery space continues to blur. And grocers are mistaken if they believe choosing one over the other is the key to winning.
Campbell Soup, Nestle placing bets on personalized nutrition
Personalized nutrition is “the next big opportunity” for packaged food companies, said Stephanie Naegeli, global director of marketing and innovation food at Nestle S.A. “It’s also a huge challenge because what C.P.G. is traditionally really good at is producing the same product at scale,” Ms. Naegeli said during a panel discussion at the Future Food-Tech […]
GSK buys out Novartis in $13 billion consumer healthcare shake-up
GlaxoSmithKline (GSK.L) is buying Novartis (NOVN.S) out of their consumer healthcare joint venture for $13 billion, taking full control of products including Sensodyne toothpaste, Panadol headache tablets, muscle gel Voltaren, and Nicotinell patches.
Georgia Ports Authority launches Mason Mega rail project
Georgia Ports Authority and other officials on Monday broke ground on the $127 million Mason Mega Rail Terminal. The project will increase the Port of Savannah’s rail lift capacity to 1 million containers per year, and open new markets that will span an arc of cities from Memphis, Tennessee, to St. Louis, and from Chicago […]
For-Hire Freight Level Up 6.3% from Year Earlier
The amount of freight carried by the nation’s for-hire transportation industry, fell 0.4% in January from the month before, after it reached an all-time high in December, according to newly released figures from the Transportation Department’s Freight Transportation Services Index (TSI).
Avoiding ELD headaches: What to do between now and April 1
A week from now carriers that are not in compliance with the electronic logging device (ELD) mandate could officially be placed out of service during a roadside inspection.
BNSF addresses STB’s service concerns
BNSF Railway Co.’s $3.3 billion capital investment plan will put the railroad in a position to meet customers’ growth and service expectations this year, President and Chief Executive Officer Carl Ice told the Surface Transportation Board (STB) last week. Ice is one of two Class I executives to respond so far to the STB’s recent […]