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Starbucks to Close More Stores Amid Glut of Coffee Shops Company also is increasing its dividend and share-buyback program A Starbucks shop in Brooklyn, N.Y., last month. PHOTO: LUCAS JACKSON/REUTERS By Julie Jargon June 19, 2018 6:40 p.m. ET Starbucks Corp. SBUX -7.85% said it will close more coffee shops in the increasingly crowded U.S. market where it was a pioneer. […]
Category Archives: News
M&A 101: What investment bankers do in mergers and acquisitions Adam Putz June 04, 2018 Giovanna Burns, a VP with Meridian Capital, plays an essential role in transaction execution and supports the Seattle-based firm’s business development initiatives. She has provided advisory services to middle-market companies across various industries on transactions including buy-side and sell-side engagements, […]
The “Squawk Box” team discusses Theranos’ Elizabeth Holmes and Ramesh “Sunny” Balwani being charged by feds with wire fraud. Theranos’ Elizabeth Holmes indicted on wire fraud charges from CNBC.
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The Xerox-Fujifilm formula: 1. Tell CEO he’s fired. 2. Have him arrange sale of company. 3. Hope Carl Icahn doesn’t find out. By Drake Bennett May 24, 2018, 5:00 AM EDT Photographer: Meredith Jenks for Bloomberg Businessweek; Prop stylist: Stephanie Yeh On May 15 of last year, the investor Carl Icahn hosted a dinner at […]
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Silicon Valley financiers are losing leverage to star entrepreneurs Two brothers who are co-founders of online payments startup Stripe, John Collison, left, president, and Patrick Collison, chief executive, have supervoting shares in the company, which was valued at $9 billion in its latest round of fundraising. Photo: David Paul Morris/Bloomberg News By Rolfe Winkler and […]
Lionsgate has acquired a majority of 3 Arts Entertainment. Financial terms weren’t announced. 3 Arts is an entertainment company and content provider. 3 Arts’s TV shows including 30 Rock, The Office and Brooklyn Nine Nine. The deal was negotiated for Lionsgate by Television Group COO Laura Kennedy. The studio was represented by Robert Haymer of Latham & Watkins LLP. […]
Polaris Industries Inc has agreed to acquire Elkhart, Indiana-based boat manufacturer Boat Holdings LLC for about $805 million. Boat Holdings’ owners include Balmoral Funds and the Vogel family. The deal is expected to close in the third quarter of 2018. Goldman Sachs was financial adviser to Polaris while Stephens Inc provided financial advice to Boat […]
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Dive Brief: Food and beverage giant PepsiCo recently announced plans to acquire Bare Foods, which makes baked fruit and vegetable snacks, for an undisclosed price, according to a news release. The purchase expands Pepsi’s healthy snacking portfolio. Bare Snacks will continue to operate independently at its San Francisco headquarters under the direction of Frito-Lay North America. […]