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Showing 22 posts tagged Sales and Dissolutions.
Marathon Petroleum purchases Hess gas stations
The Hess name will be removed from gas station signs as the chain has now been sold to Marathon Petroleum’s Speedway for $2.87 billion. This is significant as Hess is considered the largest chain of combined convenience stores and gas stations along the east coast. This will expand Marathon’s retail operations from nine to 23 separate states. More >
Bank allows itself to be acquired due to slow economy
Insight Bank has been acquired by First Financial Bancorp. With its $6.4 billion in assets, First Financial has 100 branches including ones located in Kentucky. More >
Liability of corporation may still exist following dissolution
According to Supreme Court decision for one particular state, dissolution of a corporation does not guarantee that liability will necessarily come to an end. Krafft-Murphy Company, Inc. was a company that had engaged in supplying and installing asbestos-containing products (presumably exposing it to liability). Krafft had also dissolved in 1999. More >
New Heinz CEO presents Whopper of conflict for McDonald's
It is basically the most classic American side: french fries and ketchup. But does it matter what kind of ketchup a fast food restaurant offers its patrons? If consumers do have a condiment preference, then those who frequent McDonald's might notice a change in the taste of their favorite snack. More >
JCPenney and Martha Stewart's marriage will be cut short
If you have visited a JC Penney department store lately, you might have noticed its new look and setup. Part of its revamp is the acquisition of a big name and her hot products. That's right, Martha Stewart is no longer a brand for just Macy's shoppers. She is a consumer option for the JC Penney fans, too. More >
BlackBerry Buyout Negotiations Continue, Drive Up Stock Price
As we discussed on this blog in August, BlackBerry Ltd. (formerly Research in Motion) had appointed a special board of directors committee to consider its strategic alternatives in light of its enormous drop in global market share. At that time, the New York Times’ DealBook blog had reported that BlackBerry’s market share had fallen to only 2.9 percent, and its value had fallen by 92 percent over the previous five years. Faced by these poor business prospects, the company was considering the sale of some assets or even the whole company, going private, or a joint venture. More >
Comcast Gunning to Force Sale of Houston Regional Sports Network
The major creditors of the Houston Regional Sports Network, which does business as Comcast SportsNet Houston, have filed an involuntary Chapter 11 bankruptcy petition against the network. The three listed creditors are Houston SportsNet Finance LLC, National Digital Television Center, LLC, and Comcast Sports Management Services, LLC, a subsidiary of Comcast Corp, which owns NBCUniversal. More >
Equity Contribution Requirements Dropping in Large-Market Buyouts
According to Reuters Loan Pricing Corporation, which provides market information and analysis for the credit industry, the balance of power in large-market buyout negotiations has shifted. As economic conditions in the U.S. improve, we appear to have entered a stronger credit cycle, according to the RLPC. Add to that a shortage of availability in mergers and acquisitions, and sponsors of leveraged buyouts are pushing for more advantageous terms. More >
BlackBerry Ltd. Exploring a Sale, Joint Venture or Going Private
After stories by Reuters and Bloomberg last week sent rumors swirling about the company’s future, this week BlackBerry Ltd. (formerly Research in Motion) clarified an announcement made last year that the company is considering a variety of “strategic alternatives.” Those alternatives reportedly include a potential sale of the business or its assets, the organization of an unspecified joint venture, or the possibility of repurchasing its stock in an effort to take the company private. The difference between last week’s rumor and this week’s announcement is that BlackBerry has now appointed a special committee of its board of directors to oversee the implementation of whichever alternative is chosen. More >
Finding Your Way Out of a Failing Small Business
Small businesses are the bread and butter of America's economy. There are nearly 30 million small businesses in the U.S., and they make up a huge market share of the country's employers. That being said, though, the fact remains that (according to data provided by the Small Business Administration) about one-third of smaller companies don't make it past their first decade. More >
