Merger – One America News Network

Prada buys Versace to create Italian fashion powerhouse

Prada struck a $1.375 billion deal to buy smaller rival Versace, including its debt, in a move that unites two of the biggest names in Italian fashion.

Rodney McMullen, Chairman and CEO of The Kroger Co., speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)

Kroger Ousts Longtime CEO After Ethics Investigation Reveals Misconduct

The grocery store chain Kroger announced on Monday that its longtime CEO, Rodney McMullen, has stepped down following an investigation into his personal conduct which revealed he was violating the company’s ethics policy.

U.S. Steel And Nippon Sue Biden Over Blocked $14B Deal, Calling It ‘Corrupt and Shameful’

U.S. Steel and Japan’s Nippon Steel sued the U.S. government on Monday in a bid to challenge the Biden administration’s order to block the almost $15 billion deal for the Japanese company to buy the American steelmaker.

Unionized grocery store workers rally to oppose the proposed merger between Kroger and Albertsons outside a Ralph's supermarket in Los Angeles on April 13, 2023, out of concern for less competition, increasing food prices and putting union jobs at risk. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)

Albertsons Scraps Merger, Files Lawsuit Against Kroger

A U.S. district judge in Oregon has blocked a $25 billion bid by supermarket giant Kroger to take over its rival Albertsons, ruling that the Federal Trade Commission’s concerns about the merger’s impact on market consolidation were valid.

A DirecTV sattelite dish sits on a roof on May 19, 2014 in New York City. AT&T agreed May 18, to buy DirecTV for $48.5 billion. (Photo by Andrew Burton/Getty Images)

DirecTV To Buy Dish Network For Only $1, But Will Pay Off Company’s Nearly $9.75B Debt

DirecTV has announced that they will be buying Dish Network for $1, with the U.S. multichannel video programming distributor agreeing to take care of Dish Network’s accumulated debts.

FTC Vs. Kroger-Albertsons Merger Case Heading To Trial

The Federal Trade Commission (FTC) trial has begun, with the agency continuing its push to block Kroger’s merger with Albertsons, alleging that the merger would “hurt customers and undermine competition” in the grocery store industry.