Archive | Mergers & acquisitions

IMG_3783

Staples store in Tupelo closing Saturday

The Staples office supply store is closing its Tupelo store on Saturday. Earlier this year, employees said the store closure was due to the lease on the building expiring. Company officials have never responded to questions asking if the closure is related to Staples’ announcement in March 2014, when it would close 225 stores by the end […]

Read the full story

Posted in Business Closures, Business news, Drive-by Photos, Mergers & acquisitions, Northeast Mississippi, Retail News, Tupelo0 Comments

Cooper Tire logo

Lawsuit over failed Cooper Tire merger dismissed

A federal judge has dismissed a securities class-action lawsuit filed by shareholders in the aftermath of Cooper Tire & Rubber Co’s failed merger with Apollo Tyres. Judge Richard G. Andrews ruled that the plaintiffs failed to prove their assertions that Cooper and top executives deliberately withheld information about the risks of the failed $2.5 billion merger. […]

Read the full story

Posted in Business news, Cooper Tire, International, Manufacturing, Mergers & acquisitions, National, Northeast Mississippi, Tupelo0 Comments

RNST-Heritage

Renasant completes merger with Heritage

Renasant Corp. has officially completed the largest merger in its 111-year history, acquiring Heritage Financial Group Inc.. of Albany, Georgia, the parent of HeritageBank of the South. The merger, announced in December, is valued at more than $250 million. Regulatory approval was given in March, and shareholders for the companies OK’d the deal two weeks ago. The combined company has […]

Read the full story

Posted in Banking & Finance, Business news, Mergers & acquisitions, National, Northeast Mississippi, Renasant Bank, Tupelo0 Comments

Staples logo 2

It’s official: Staples buys Office Depot for $6 billion

It’s official: Staples is buying rival Office Depot for about $6 billion. What that means in cities with overlapping stores remains to be seen. For instance, Tupelo is home to a Staples as well as an OfficeMax, which was acquired by Office Depot in 2013. Office Depot has a store in Oxford as well. Here’s […]

Read the full story

Posted in Business news, Mergers & acquisitions, National, Northeast Mississippi, Oxford, Tupelo0 Comments

Print

KeyTronic acquires Ayrshire Electronics for $46.9M

Spokane, Washington-based Key Tronic Corp. closed on a deal to buy CDR Manufacturing, otherwise known as Ayrshire Electronics, for $46.9 million in cash. Ayrshire has a manufacturing facility in Corinth, which is unaffected by the move. The facility employs 186 people. “Ayrshire Electronics has been a great partner and growing employer in Corinth,” said Gary […]

Read the full story

Posted in Business news, Corinth, Economic development, Employment and jobs, Manufacturing, Mergers & acquisitions, National, Northeast Mississippi1 Comment

02171103 BancorpSouth

BancorpSouth pulls merger applications, expects to refile

BancorpSouth withdrew its applications to merge with two banks, but in a regulatory filing today said it expects to “subsequently refile.” Last month, the company said it needed additional time to complete its mergers with Ouachita Bancshares Corp. of West Monroe, Louisiana, and Central Community Corp. of Temple, Texas. BancorpSouth had announced the deals in […]

Read the full story

Posted in BancorpSouth, Banking & Finance, Business news, Mergers & acquisitions, National, Tupelo0 Comments

images

Dollar Tree buying Family Dollar for a lot of dollars

Dollar Tree  is acquiring rival Family Dollar Stores in a deal that will create the largest operator of dollar stores in North America. The estimated $8.5 billion deal, a cash and stock transaction, is expected to close somewhere in 2015. The deal will create a business with more tun 13,000 stores in 48 states as well as […]

Read the full story

Posted in Business news, Mergers & acquisitions, National, Retail News0 Comments


Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 3,586 other subscribers