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Dixie Brands To Close $43M Reverse Takeover On Halloween
Thursday, October 29, 2020 - 10:26am | 445Denver-based Dixie Brands is close to wrapping up a $43-million reverse takeover with BR Brands. Meet BellRock Brands: The two companies announced the deal in March, just before many of the shelter-in-place and quarantine provisions were put in place as a precautionary measure...
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Wilson Logistics Signs On To Platooning Deal With Locomation
Tuesday, March 10, 2020 - 2:50pm | 1105A Pittsburgh-based automation technology company has teamed up with Wilson Logistics, a 48-state trucking and logistics company, to launch an automated platooning initiative starting this spring. Unlike prior demonstration projects, the alliance between Locomation and Wilson Logistics will be...
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US Seeks Steering Parts Divestiture In WABCO-ZF Merger
Friday, January 24, 2020 - 8:58am | 449The 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...
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Ryder Partners To Build Up Electric Vehicle Infrastructure
Thursday, January 2, 2020 - 5:42pm | 734Ryder 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...
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Tactile Mobility Partners With HERE Technologies To Expand Tactile Data's Commercial Reach
Monday, December 23, 2019 - 2:20pm | 617Israeli 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. ...
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Massive Mergers, Verdicts, Amazon Problems, Earnings, And Cheese Smugglers — WTT?!?
Monday, December 23, 2019 - 11:46am | 480First, 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...
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Fiat Announces Earnings And Merger
Friday, November 1, 2019 - 8:59am | 1189On 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...
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Fiat Chrysler And Peugeot's $48 Billion Merger: A New Era In Mobility
Thursday, October 31, 2019 - 3:27pm | 498Fiat 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...
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M&A Bankers Start To Price In Recession Risk
Friday, October 18, 2019 - 12:53pm | 951It'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 &...
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Takeaway.com And Just Eat Merge To Become A Global Superpower In On-Demand Food Delivery
Monday, July 29, 2019 - 10:20am | 662Just 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...
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Report: Sprint, T-Mobile May Consider Concessions To Gain Merger Approval
Tuesday, May 14, 2019 - 7:51am | 393T-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...
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Just Eat Told By Investor To Merge With Rival
Monday, February 11, 2019 - 6:15pm | 536Cat 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...
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In Wake Of SunTrust/BB&T Merger, Financials Weak On Lower Bond Yields
Friday, February 8, 2019 - 9:57am | 1439As 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...
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Arsanis, X4 Pharmaceuticals Announce Merger Deal With Rare Disease Focus
Wednesday, November 28, 2018 - 3:43pm | 409Clinical-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...
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Coca-Cola Enters Hot Beverage Market With $5.1B Purchase Of British Chain Costa Coffee
Friday, August 31, 2018 - 10:23am | 559In 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:...