JetBlue, Spirit Airlines Call Off $3.8B Merger on Antitrust Hurdle March 4, 2024 By Jonathan Stempel Low-cost air carriers JetBlue Airways and Spirit Airlines canceled their $3.8-billion merger agreement on Monday, seeing no path forward after...
FTC Sues to Block Kroger’s $24.6 Billion Albertsons Deal February 27, 2024 By Leah Nylen and Jaewon Kang The US Federal Trade Commission, eight states and Washington DC sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons...
HP Claims $4 Billion Losses in London Lawsuit Over Autonomy Deal February 12, 2024 By Sam Tobin Hewlett-Packard lost more than $4 billion over its acquisition of British software firm Autonomy because of an elaborate fraud masterminded...
Progressive Groups Ask DOJ to Reverse New M&A Safe Harbor Policy October 31, 2023 By Chris Prentice More than a dozen groups are pressing the U.S. Justice Department to retreat from a new policy they say gives...
Musk Claims Lawyers Overbilled in Fight to Make Him Buy Twitter July 10, 2023 By Joel Rosenblatt Elon Musk sued the law firm that led the court fight to make him complete his takeover of Twitter, saying...
The New M&A Rules That Would Delay Million-Dollar Deals June 29, 2023 By Leah Nylen The US antitrust agencies are requiring firms to turn over much more information about their transactions than before in an...
Tesla’s $2.6 Billion SolarCity Buyout Ruled Fair as Dismissal of Shareholder Suit Upheld June 7, 2023 By Chris Dolmetsch esla Inc.’s $2.6 billion acquisition of SolarCity in 2016 was “entirely fair” to shareholders, Delaware’s top court ruled, upholding the...
Bayer Defeats Merck in Lawsuit Over Talc Liabilities April 4, 2023 By Jonathan Stempel A Delaware judge on Monday dismissed Merck & Co’s lawsuit seeking to hold Bayer AG responsible for more talc-related liabilities...
Biden’s Antitrust Push Across Agencies Is Working to Block Deals March 17, 2023 By Leah Nylen The Biden administration’s strategy of leaning on industry regulators to block deals that might be tricky for the Justice Department...
Demand for Transactional Risk Coverage Remained Strong in 2022: Marsh March 10, 2023 By Jahna Jacobson Transactional risk insurance continued its rise in popularity in 2022 to become a global, mainstream feature on mergers and acquisitions...