Mergers & Acquisitions

Report: Wal-Mart de Mexico to focus on remodels
Mexico City – Wal-Mart de Mexico reportedly plans to increase business investment 7% during fiscal 2014 as it shifts focus from opening new stores to remodeling existing stores. According to Reuters, Wal-Mart de Mexico will spend about $1.1 billion in fiscal 2014, while increasing total floor space by about 5%.
Bi-Lo, Delhaize get green light on acquisition
Bi-Lo Holdings and Delhaize Group have received approval from the Federal Trade Commission to proceed with the transaction in which Bi-Lo Holdings will acquire substantially all of the stores in the Sweetbay, Harveys and Reid’s supermarket chains from Delhaize.

E-commerce helps boost Vitamin Shoppe performance

North Bergen, N.J. – Strong results in its e-commerce segment, along with growing same-store sales and income from Super Supplements stores acquired in the fourth quarter, helped boost the performance of Vitamin Shoppe Inc. during the fourth quarter and fiscal year 2013. On a year-over-year basis, fourth quarter net income grew 15.9% to $11.2 million from $9.7 million.
eBay’s damage control following Icahn’s accusations

eBay and billionaire investor Carl Icahn are engaging in a public war of words that was ignited by an open letter Icahn sent to eBay shareholders Monday, Feb. 24. In the letter, Icahn accused eBay CEO John Donahoe of ignoring conflicts of interest on its board and called for the company to spin off PayPal.
Carl Icahn, EBay trade accusations

San Jose, Calif. – Billionaire investor Carl Icahn and EBay are engaging in a public war of words that was ignited by an open letter Icahn sent to EBay shareholders on Monday, Feb. 24. In the letter, Icahn accused EBay CEO John Donahoe of ignoring conflicts of interest on its board and called for the company to spin off PayPal.
Men’s Wearhouse ups the ante

Just a little more than a week after Jos. A. Bank announced its intentions of acquiring Eddie Bauer, Men’s Wearhouse has upped the ante.
Men’s Wearhouse ups bid for Jos. A. Bank bid to $1.8 billion

Houston - Men's Wearhouse has increased its purchase offer for Jos. A. Bank Clothiers Inc. to $63.50 per share, or about $1.78 billion, from $57.50 per share, or about $1.6 billion. The bid may increase to $65 a share, or about $1.82 billion, if Jos. A. Bank agrees to halt its planned acquisition of Eddie Bauer and lets Men’s Wearhouse conduct limited due diligence. On February 14, Jos. A. Bank agreed to buy Eddie Bauer for $825 million, but reserved the right to terminate the deal if a superior transaction emerged.
Ebates taps new SVP of corporate development

Ebates, the owner and operator of the world's most rewarding shopping programs, has appointed Yen Lee as SVP of corporate development.
Eminence Capital supports new Men’s Wearhouse bid for Jos. A. Bank

New York -- Eminence Capital LLC, which owns 4.9% of the common stock of Jos. A. Bank Clothiers, Inc. has issued a statement in support of the new offer by The Men's Wearhouse for the company. The statement, attributed to Eminence CEO Ricky C. Sandler, says that combining the two companies the best outcome for all shareholders.
PCMS taps new CEO of North American operation

PCMS, a supplier of software and IT consulting services, has named retail technology executive Andrew Winans as CEO of its Americas operation.

Report: Wal-Mart de Mexico to focus on remodels

Bi-Lo, Delhaize get green light on acquisition

E-commerce helps boost Vitamin Shoppe performance

eBay’s damage control following Icahn’s accusations

Carl Icahn, EBay trade accusations

Men’s Wearhouse ups the ante

Men’s Wearhouse ups bid for Jos. A. Bank bid to $1.8 billion

Ebates taps new SVP of corporate development

Eminence Capital supports new Men’s Wearhouse bid for Jos. A. Bank

PCMS taps new CEO of North American operation