Mergers & Acquisitions

Leading third party logistic provider Transplace has acquired Canada’s Torus Freight Systems.

Transplace, a leading provider of transportation management services and logistics technology, acquired for an undisclosed sum Torus Freight Systems, a Canadian-based logistics services company focused on Canadian cross-border and intra-Canada freight.

Armonk, N.Y. -- IBM announced Tuesday the closing of its acquisition of Kenexa, a provider of recruiting and talent management solutions, for approximately $1.3 billion.

IBM said that Kenexa complements its strategy of bringing relevant data and expertise into the hands of business leaders within every functional department, from sales and marketing to product development and human resources.

The addition of 27 new stores wasn’t enough to prevent Big Lots from reporting a 1.9% sales decline during the quarter ended October 27.

Columbus, Ohio -- Big Lots Inc. reported Tuesday a loss of $6 million for the third quarter, compared with net income of $4.2 million in the year-ago period. Results, however, topped analysts’ earnings expectations.

Revenue slipped 0.4% to $1.13 billion, missing Wall Street’s forecast of $1.3 billion.

The retailer also announced that its CEO Steven Fishman will retire as chairman and CEO after 40 years in retail. Big Lots has launched a search for his successor; Fishman will stay until a new CEO is appointed.

New York -- Multiple reports on Tuesday revealed that private equity firm Leonard Green & Partners disclosed in a regulatory filing that it has upped its stake in shoe retailer DSW Inc. to 1.3 million shares – or 3% of the company.

The news sent DSW shares upward as much as 6% on Tuesday.

Leonard Green previously owned 981,196 shares in DSW before raising its stake. It was forced to disclose its new position after a request for confidential treatment expired on Nov. 28.

ATLANTA — The Coca-Cola Company and Select Milk Producers have teamed up to acquire the newly created Fair Oaks Farms Brands, which owns and operates Core Power, a high protein milkshake.

With the Fair Oaks Farms Brands, the Coca-Cola Company and Select will expand an ever-growing portfolio of brands and products, which will now feature dairy.

New York -- AutoZone said it acquired online automotive retailer AutoAnything.com in conjunction with the release of first quarter earnings Tuesday morning.

Profit at the nation’s largest retailer of automotive products increased 6.4% to $203.5 million during the quarter ended Nov. 17, and sales rose 3.5% to $2 billion. Same-store sales edged up 0.2%.

ST. LOUIS — Grey Eagle Distributors, the Anheuser-Busch wholesaler for St. Louis County, has acquired the Illinois Distributing Company, an Anheuser-Busch wholesaler based in Belleville, Ill.  

The acquisition includes Illinois Distributing's assets and sales territory, which includes most of St. Clair County, Monroe County, Collinsville and Granite City. Grey Eagle will begin selling beer to retailers in the new territory today. Illinois Distributing sold approximately 2.6 million cases of beer annually.