Nippon Steel plans to invest $14 billion in U.S. Steel’s operations including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company.
Read More Exclusive: Nippon Steel to invest $4 billion for new U.S. Steel mill in $14 billion package, document says
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.
Read More Prada buys Versace to create Italian fashion powerhouse
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.
Read More Kroger Ousts Longtime CEO After Ethics Investigation Reveals Misconduct
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.
Read More U.S. Steel And Nippon Sue Biden Over Blocked $14B Deal, Calling It ‘Corrupt and Shameful’
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.
Read More Albertsons Scraps Merger, Files Lawsuit Against Kroger
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.
Read More DirecTV To Buy Dish Network For Only $1, But Will Pay Off Company’s Nearly $9.75B Debt