Mass-media company Gannett Co. Inc. is set to be bought by New Media Investment Group creating a dominant force in print and digital news, but a class action lawsuit seeks to block the deal alleging that crucial information was withheld from investors in statements filed with the U.S. Securities Exchange Commission.
Read moreFour counties sued California Resources Corp. in Ventura County Court, claiming it violated environmental and hazardous waste-disposal rules after acquiring gas and oil assets and liabilities from Occidental Petroleum.
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(CN) – Caesars Entertainment is set to be acquired by Eldorado Resorts for $17.3 billion in cash and stock to
Read moreU.S. energy giant ExxonMobil will sell its assets in Norway to Norwegian company Var Energi, owned by Italian Eni, for $4.2 billion, the newspaper Dagens Naeringsliv reported.
Read moreA federal judge in Washington approved a settlement Wednesday that will allow CVS and Aetna to go forward with a $69 billion merger.
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Presidential candidate Bernie Sanders announced plans Tuesday to shake up the business of journalism and crack down on media monopolies, vowing to shore up local news and revitalize an industry beleaguered by consolidation if elected in 2020.
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A shareholder class action alleges Hewlett Packard misled investors when it joined its enterprise services business segment with Computer Science Corporation Inc. to form DXC Technology Company.
Read moreWith approval from the Department of Justice, Sinclair Broadcasting Group completed acquisition of 21 Fox Regional Sports Networks and Fox College Sports from The Walt Disney Company on Friday to the tune of $9.6 billion.
Read moreGenesee & Wyoming shareholders claim in a federal class action that directors are selling the short-line railroad company too cheaply through an unfair process to Brookfield Infrastructure, for $112 per share or $6.5 billion.
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Conagra Brands Inc. faces a shareholder derivative alleging the company’s top officers withheld wrongfully withheld information about internal issues spurred by its acquisition of Pinnacle Foods Inc.
Read moreTwo of the largest newspaper companies agreed to a merger Monday, creating by far the largest newspaper company in the United States.
Read more(CN) – The Delaware Chancery Court dismissed a class action in its entirety after shareholders failed to state a claim for breach of fiduciary duty in challenging an $18 billion merger between Tower Watson & Co. and Willis Group Holdings PLC because of a potential conflict in the compensation of Tower’s CEO.
Read moreSprint agreed Friday to divest parts of its prepaid wireless business for federal approval of its merger plans with T-Mobile.
Read moreDirectors are selling El Paso Electric Co. too cheaply through an unfair process to Sun Jupiter Holdings, for $68.25 a share or $4.3 billion, shareholders say in a federal class action.
Read moreDirectors are selling Sotheby’s too cheaply through an unfair process to BidFair USA, for $57 a share or $3.7 billion, shareholders say in a federal class action.
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Diebold Nixdorf and two of its top officers face a shareholder class action for allegedly withholding information about the company’s business operations as well as disseminating misleading statements that preceded a 23 percent drop in Diebold shares last year.
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The European Union has cleared telecom operator Vodafone’s acquisition of Liberty Global’s operations in Germany, the Czech Republic, Hungary and Romania but has imposed some conditions.
Read moreDirectors are selling Tableau Software too cheaply through an unfair process to Salesforce.com, in a stock swap of 1.1 Salesforce share for each share of Tableau, a $15.3 billion deal, shareholders claim in a federal class action.
Read moreDirectors are selling Array BioPharma too cheaply through an unfair process to Pfizer, for $48 a share or $10.6 billion, shareholders claim in a federal class action.
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Apple has bought a struggling self-driving car startup as the iPhone maker continues to explore the potential market for robotic vehicles, despite recently curtailing its work on the technology.
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