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Mergers & Acquisitions

  • American Greetings receives offer to go private

    CLEVELAND — A greeting cards company announced that its board of directors has received a nonbinding proposal to go private.

    American Greetings confirmed that the board received a letter from CEO Zev Weiss, president and COO Jeffrey Weiss, along with certain other members of the Weiss family and related parties, to acquire all of the outstanding class A and class B common shares of American Greetings not currently owned by the them for $17.18 per share.

  • Wet Seal says proxy advisors oppose Clinton Group proposal

    Foothill Ranch, Calif. -- The Wet Seal said that two independent proxy advisors, Institutional Shareholder Services and Egan-Jones Proxy Services, recommended that the chain’s shareholders reject efforts by Clinton Group to replace six members of the company’s board of directors.  

  • Aisle411 expands executive team with new appointments

    PALO ALTO, Calif. — In an effort to extend its leadership as the premier indoor map and search platform, mobile retail navigation service Aisle411 has expanded its executive management team.

  • Fairway Market files plans to take company public

  • Staples strategy focuses on growth, productivity

    FRAMINGHAM, Mass. — Staples plans to improve customer experience, accelerate growth and deliver value to shareholders through a new strategic plan. Under the plan, Staples will integrate its retail and online offering, increase investment in its online businesses, reorganize its operations, implement leadership changes, initiate a multi-year cost savings plan, and restructure its international operations.

  • Staples unveils plan to close 60 stores, invest in online/mobile efforts

    Framingham, Mass. -- Staples Inc. announced Tuesday a strategic plan to shore up sales and profitability that will involve accelerating the closure of 15 U.S. stores and 45 stores in Europe.

    The office supplies retailer also said it will ramp up investment in its online and mobile efforts.

    The announcement comes after a soft second quarter in which profit and traffic dipped downward.
     

  • ConAgra expanding Ark. facility to for frozen meal production

    OMAHA, Neb. — ConAgra Foods is expanding its facility in Russellville, Ark. to make Bertolli brand and P.F. Chang’s brand frozen meals. The expansion, anticipated to be a $100 million investment, is expected to create more than 80 jobs.

  • Wet Seal urges shareholders not to support activist’s plans to replace directors

    Foothill Ranch, Calif. -- On the heels of activist investor The Clinton Group’s announced plans to replace some of Wet Seal’s board members, the retailer is advising its shareholders against supporting the move.

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