Credit & Capital

M&A

Takeway.com Delivers $10B Deal to Buy Just Eat

The merger could spark further consolidation in a crowded business where large firms such as Uber Eats compete with a host of smaller companies.
M&A

U.S. Approves $26B T-Mobile-Sprint Merger

The deal is still being opposed by 14 states that claim it will harm "consumers, workers, and innovation."
M&A

Pfizer and Mylan to Combine Off-Patent Drugs Businesses

The combined company, which will sell Mylan’s EpiPen and Pfizer’s Viagra, could draw annual sales of more than $20 billion.
Capital Markets

Is More Quantitative Easing in Sight?

Good news: U.S. banks' funding costs are falling. Bad news: the European Central Bank prepares to make new asset purchases.
Credit

J.P. Morgan Downgrades Starbucks to Neutral

The company’s rating was lowered after the stock climbed over 90% in the past 12 months.
M&A

Charles Schwab Buys USAA Investment Management Assets for $1.8B

Schwab will gain over one million new accounts and approximately $90B in client assets.
Credit

Moody’s, Fitch Downgrade Boeing Credit Outlook

The ratings agencies lowered Boeing's outlook to negative due to concerns over the financial fallout from the grounding of the 737 MAX planes.
Bankruptcy

Fire Forces Philadelphia Energy Solutions to File for Bankruptcy

The largest refinery on the U.S. East Coast was forced to file for bankruptcy protection after an explosion and fire last month.
M&A

Etsy Buying Musical Instrument Marketplace Reverb

The online marketplace is paying $275 million in cash for the music seller, which will continue as a standalone company.
Bankruptcy

Coal Bankruptcies Continue With Blackhawk Filing

The company is seeking to reduce a $1 billion debt burden resulting from acquisitions of the assets of distressed mining firms.
M&A

AB InBev Sells Australian Business for $11.3B

The sale to Japan's Asahi "puts the Asia IPO misstep to bed with the company both deleveraging and getting a rich multiple for a developed market business."
M&A

PepsiCo to Buy South Africa’s Pioneer Foods for $1.7B

The U.S. multinational is looking to boost its overseas operations by taking over a key African food and beverage distributor.
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