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Mergers & Acquisitions

  • The Home Depot to acquire U.S. Home Systems

    Atlanta -- The Home Depot said Tuesday it will acquire kitchen and bath vendor U.S. Home Systems in a deal worth about $93 million.

    U.S. Home Systems manufactures and installs remodeling and organization products, as well as cabinet-refacing and countertop products, exclusively through Home Depot. The acquisition is part of Home Depot’s strategy to increase its home service business.

    The deal is expected to close by the end 2012.

  • Campbell completes Bolthouse buy

    CAMDEN, N.J. — Campbell Soup Company has completed the acquisition of Bolthouse Farms from a fund managed by Madison Dearborn Partners LLC, a private equity firm, for $1.55 billion in cash. Campbell funded the acquisition through a combination of short- and long-term borrowings.

  • CVS profit rises 18% in Q2, raises outlook

    Woonsocket, R.I. -- CVS Caremark Corp. reported Tuesday that profit for the quarter ended June 30 leaped 18.4% to a record $966 million from $816 million last year, boosted by the contractual impasse between rival Walgreens and Express Scripts.

    Revenue for the quarter climbed 16.3% to $30.7 billion from $26.4 billion, missing Wall Street’s estimated $31.02 billion in revenue. Front-end same-store sales increased 2.3% for the quarter.

  • Investment law firm looking into Best Buy matter

    NEW YORK — Harwood Feffer LLP, a law firm that represents investors and investment groups, announced that it is investigating potential claims against the board of directors of Best Buy, concerning whether the board is fulfilling its fiduciary duties to shareholders in connection with an offer from the company's founder and former CEO, Richard Schulze, to take the company private.

  • Walgreens to expand headquarters, add 500 jobs

    New York -- Walgreens has agreed to create 500 jobs in Illinois over three years and invest $75 million to expand and renovate more than two dozen of its corporate offices, according to the Chicago Tribune.

  • Best Buy founder offers $8.8 billion to buy out company

    Best Buy founder and former chairman Richard Schulze on Monday offered to buy the struggling retailer and take it private for as much as $8.8 billion. Schulze said he would offer Best Buy shareholders between $24 and $26 for each of their shares in the chain, according to a letter sent to the board that he made public.

  • Tuesday Morning CEO files discrimination claim that breast cancer diagnosis figured in her ouster

    Dallas -- Kathleen Mason, former president and CEO of Tuesday Morning Corp., has filed disability discrimination charges against the retailer, alleging she was removed after disclosing to the board that she was battling breast cancer.

    "The board's attitude toward Kathleen changed after it learned of her breast cancer diagnosis and treatment,’ said attorney Roger Dunn, of Clouse Dunn Dunn LLP, Dallas, who is representing Mason, in a statement on Friday.

  • Harris Teeter details expansion plans

    Matthews, N.C. -- Harris Teeter plans to expand its presence in existing markets, the company said in its third-quarter earnings release.

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