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mergers and acquisitions

Analysts say rail merger could cut shipping costs, ease delays for farmers

(The Center Square) – Agriculture economists and transportation analysts say a proposed $85 billion merger between Union Pacific and Norfolk Southern could lower shipping costs and ease long-standing bottlenecks for American farmers. The Surface Transportation Board, which oversees railroad mergers, rejected the companies’ initial application as incomplete. The railroads plan

Goldman Sachs eyes more corporate mergers despite war uncertainty

Goldman Sachs eyes more corporate mergers despite war uncertainty

Goldman Sachs reported strong first-quarter earnings on Monday, pointing to continued client interest in dealmaking that so far has not been derailed by the Middle East War. The New York-based investment bank scored an 18 percent jump in quarterly profit to $5.4 billion, citing a "significant

Pershing Square unveils transaction valuing Universal Music at 55 bn euros

Pershing Square unveils transaction valuing Universal Music at 55 bn euros

American hedge fund Pershing Square, led by the activist investor Bill Ackman, announced Tuesday a transaction valuing Universal Music Group at up to 55 billion euros, saying it believed the music giant was undervalued by stock markets. Under the proposal, Pershing would merge UMG with Pershing Square SPARC Holding, an

European bank battle heats up as UniCredit swoops for Commerzbank

European bank battle heats up as UniCredit swoops for Commerzbank

Italian bank UniCredit on Monday made a 35-billion-euro ($40 billion) takeover offer for Commerzbank, sparking fury from Berlin and a defiant vow from the German lender to defend its independence. While stressing that it did not expect to take full control, UniCredit said it would raise its stake

Largest rail union backs $85 billion Union Pacific–Norfolk Southern merger

(The Center Square) – The nation’s largest rail labor union urged members of Congress to support a proposed $85 billion merger between Union Pacific and Norfolk Southern that would create the first coast-to-coast freight railroad in the United States. The International Association of Sheet Metal, Air, Rail and

How a company quietly acquired 5,100 acres for a data center in Eastern Montana

When a little-known company called Montana Property LLC purchased 5,000 acres — around eight square miles — just south of Broadview in 2024, the acquisition didn't necessarily make waves. But roughly one year later, the purchaser's parent company Quantica Infrastructure announced development plans for a sprawling

‘Last Week Tonight With John Oliver’ Fans Fear Cancellation After Paramount & Warner Bros. Discovery Merger

Paramount and Warner Bros. Discovery officially struck a deal on their merger — and late-night TV fans fear that Last Week Tonight With John Oliver could be canceled. On Friday, February 27, Paramount and Warner Bros. agreed on a $111 billion merger, TMZ reported, after Netflix backed out of bidding.