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Mergers & Acquisitions

  • EBay, PayPal seek to maintain synergy, independence

    San Jose, Calif. – EBay and PayPal are clarifying how they will operate the first five years after their planed split into two public companies in the second half of 2015. PayPal Holdings filed an updated Form 10 with the Securities and Exchange Commission (SEC) laying out an operating agreement that maintains ties between the two companies while also ensuring they remain independent.

  • Weis Markets chairman is stepping down

    Weis Markets Inc. is losing one of its longest serving executives after the company announced that the chairman of the board is stepping down.

    Robert F. Weis will not stand for re-election to its board of directors at the company's annual meeting of shareholders on April 23, the company said.

    "We are deeply indebted to Robert for his 69 years of leadership and tireless dedication to our company," said Harold G. Graber, Jr., a director and secretary of the company.

  • Walgreens Boots names U.S. Foods president to board

    Deerfield, Ill. – Walgreens Boots Alliance has named U.S. Foods president and CEO John Lederer to the board of directors. Lederer was appointed president and CEO of US Foods in September 2010, and previously was chairman and CEO of Duane Reade.

    Lederer also held a variety of senior leadership positions during a 30-year career at Loblaw Companies Ltd.

  • Easter makes for a hoppy March at Fred's

    Robust Easter sales in the candy, toy and gift categories helped Fred’s increase its same store sales in March.

  • Walgreens to close about 200 stores as part of new $500 million cost-savings plan

    Deerfield, Ill. — Walgreens Boots Alliance on Thursday reported quarterly earnings for the first time since the December 2014 merger of Walgreen Co. and Alliance Boots GmbH. The announcement included the news that the drug store retailer will close about 200 U.S. stores as part of its previously announced three-year, $1 billion cost-reduction plan.

  • Walgreens to close nearly 200 stores in restructuring

  • Eatery chain Newk’s plans 200 new stores by 2018, Southern expansion

    Jackson, Miss. – Newk’s Eatery is planning franchise growth in new markets stretching across the South. Expansion will occur in markets including Savannah, Georgia and Orlando, Florida, to Lubbock and Midland-Odessa, Texas, with Washington, D.C, Richmond and Norfolk/Virginia Beach, Virginia, Indianapolis, St. Louis and Oklahoma City in between.

  • February chills Family Dollar sales

    Cold weather in February caused profits to slide at Family Dollar Stores Inc. ahead of its impending merger with Dollar Tree.

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