US Foods Holding Corp. approached Performance Food Group Co. to explore the merits of a combination and its invitation was declined, according to US Foods Chief Executive Officer Dave Flitman. “We believe that a...
HNI Corp to buy office furniture maker Steelcase for $2.2 billion; bets on return-to-office move of companies
HNI has agreed to buy office furniture maker Steelcase in a deal worth about $2.2 billion, it said on Monday, as it looks to capitalize on more companies asking employees to return to office. HNI’s shares fell 25%...
NYC Music Venue Operator Avant Gardner Files For Bankruptcy
New York City live music venue operator Avant Gardner has filed for bankruptcy protection after difficulties re-opening its flagship outdoor stage, the Brooklyn Mirage, following a major renovation. The Brooklyn Mirage...
Govt to call financial bids for IDBI stake sale by Oct-Dec: Divestment secy
The government is preparing to invite financial bids in the third quarter (October-December) of FY26 for a strategic stake sale of IDBI Bank, as potential buyers have completed due diligence, Department of Investment...
Swiggy to re-evaluate Rapido stake citing potential conflict of interest
On-demand convenience firm Swiggy on Thursday said it will re-evaluate its investment in ride-hailing startup Rapido, citing a potential conflict of interest in the future as the mobility venture recently entered the...
Drug firm Aizant to soon get binding bids for controlling stake in $350-mn deal
InvAscent, the firm that manages India Life Sciences Fund, is expecting binding bids for its stake in the Hyderabad-based Aizant Drug Research Solutions Pvt. Ltd early next month. The deal, which has been in the works...
Union Pacific to acquire Norfolk in $85-billion US railway deal: All about the mega merger
Union Pacific Corp agreed to acquire Norfolk Southern Corp in a cash-and-stock transaction valued at $85 billion. The deal will create a transcontinental rail giant, linking Union Pacific’s extensive western US...
Jeff Bezos wants to buy CNBC, says report
Amazon co-founder Jeff Bezos is reportedly mulling a possible acquisition of media outlet CNBC. According to an exclusive report by The New York Post quoting a person familiar with the developments, the billionaire has...
Reliance Retail Acquires Home Appliances Brand Kelvinator
Reliance Retail Ltd on Friday announced the acquisition of the home appliances brand Kelvinator for India from the Swedish manufacturer Electrolux AB after holding manufacturing and distribution rights for the brand...
Apollo-Backed Legendary Weighs Acquisition of Lionsgate Studios
Legendary Entertainment LLC, the independent film and TV studio behind the Dune trilogy and A Minecraft Movie, is considering a takeover of Lionsgate Studios Corp., according to people familiar with the matter...
Dr. Phil’s Media Company Files for Bankruptcy Amid Dispute
Merit Street Media, the startup founded by celebrity psychologist Phil McGraw, filed for bankruptcy Wednesday in Texas, according to a court filing. The company reported assets and liabilities in the range of $100...
Struggling Semiconductor Firm Wolfspeed Files for Bankruptcy
Wolfspeed Inc., a chipmaker caught in President Donald Trump’s push to reshape Biden-era tech subsidies, filed bankruptcy to enact a creditor-backed plan to slash $4.6 billion in debt. The North Carolina-based company...
