Mergers

The U.S. Department of Justice (DOJ) announced it is requiring ZF Friedrichshafen AG (ZF) and WABCO Holdings Inc. to divest WABCO's North American steering components business before it will approve their pending merger. Without selling off that part of WABCO's business, ZF's proposed $7 billion...

Ryder System Inc. (NYSE: R) is partnering with a company that helps businesses switch their commercial vehicles to electric power from fossil fuels and a global infrastructure developer to make electric vehicle (EV) charging easier and cheaper. The partnership with California-based In-Charge...

Israeli transport intelligence company Tactile Mobility has formed a partnership with HERE Technologies, the Dutch-based mapping services company, to commercialize tactile virtual sensing data that will provide automotive companies and municipalities with real-time data on road conditions. ...

First, we hit you with some of the latest headlines. Heniff Transportation and Superior Bulk Logistics are set to merge. Ohio-based GDS Express abruptly ceases operations. Rising wrestling star, Matt Travis, was struck and killed by truck driver, and a jury smacks a California trucking company with...

On October 30th, the boards of Fiat Chrysler Automobiles (NYSE: FCA) and Peugeot's (OTC: PUGOY) parent PSA Group announced that they are in merger talks due to seeking scale in coping with costly new technologies needed to meet the electric future. And there's also the slowing global auto...

Fiat Chrysler Automobiles NV (NYSE: FCAU) and PSA Group-owned Peugeot have just announced a $48 billion merger, creating the fourth-largest carmaker in the world.  The joint press release acknowledged "a new era in sustainable mobility" and the subsequent need for industry leaders to make "bold...

It's a fact that merger and acquisition activity in the third-party logistics (3PL) space has cooled this year. It's harder for freight brokerages to achieve robust organic revenue growth because paper and spot trucking rates have been trending downward for a year. At the Armstrong &...

Just Eat, the U.K.-based food delivery company, announced that it is merging with Dutch food delivery major Takeaway.com in a £9 billion deal ($11,046,960), making it one of the largest companies in the food delivery space across the world. Though news of a merger broke over the weekend, Just Eat...

T-Mobile Us Inc (NASDAQ: TMUS)'s proposed $26.5-billion acquisition of rival telecom company Sprint Corp (NYSE: S) has yet to receive approval and the two companies are now considering potential concessions to please regulatory authorities, Bloomberg reported. What Happened T-Mobile and Sprint...

Cat Rock Capital Management, a U.S.-based investment firm, has told Just Eat plc (a U.K.-based food delivery service) to merge with another food delivery service. BusinessWire reported that Cat Rock explained in an open letter that Just Eat needs new management that would come from a merger. Just...

As this week comes to a close, it seems that traders and investors are continuing to focus on global growth worries stemming from trade fears and concerns about the eurozone economy. The U.S. market appears headed for its third down day in a row after European and Asian shares were mostly lower...

Clinical-stage biopharma Arsanis, Inc. (NASDAQ: ASNS) conducts research and develops applications for monoclonal antibody immunotherapies. These developments address an array of serious infectious diseases and types of cancer.  What Happened Arsanis announced its entrance into a...

In an effort to further diversify from the soda industry, The Coca-Cola Co. (NYSE: KO) has announced new plans to keep up ina highly competitive market. Following the news of Starbucks Corp. (NASDAQ: SBUX)’s licensing deal with Nestle, as well as the merged Keurig Dr Pepper Inc. (NYSE:...

The proposed tie-up between Dutch-based NXP Semiconductors NV (NASDAQ: NXPI) and U.S.-based QUALCOMM, Inc. (NASDAQ: QCOM) has been going on for months. What Happened Qualcomm was forced to re-file its application to merge with NXP Semiconductors last month with Chinese regulators, which added...

Andeavor (NYSE: ANDV) reported its first-quarter results after Monday's market close that featured a top- and bottom-line beat — but prompted Morgan Stanley to drop its bullish stance.  The Analyst Morgan Stanley's Benny Wong downgraded Andeavor from Overweight to Equal-...