Stein Mart and Kingswood Capital Management have mutually agreed to terminate their merger agreement, previously announced in January, under which an affiliate of Kingswood was to acquire all of the outstanding common stock of Stein Mart not already beneficially owned by affiliates of Jay Stein, Stein Mart’s former CEO and current chairman of the board of directors, and related investors.
Walmart said that the merger of its subsidiary in the United Kingdom, Asda, with rival retailer Sainsbury, has been blocked by the U.K. Competition and Markets Authority.
Rent-A-Center said that the company has terminated a previously announced merger agreement plan with certain affiliates of Vintage Capital Management, LLC.
In a special meeting on September 18, Rent-A-Center shareholders approved a merger deal with Vintage Rodeo, an affiliate of Vintage Capital Management, according to a filing with the United States Securities and Exchange Commission.
Rite Aid has sent a letter to shareholders urging their support for the pending Albertsons merger at the company’s upcoming special meeting.
International Market Centers has completed its merger-acquisition of AmericasMart Atlanta.
CVS Health has named the management team that will lead the company when it combines with insurance and health-related services provider Aetna.
Trade show operators International Market Centers and AmericasMart have entered into a merger agreement.
Initial reports of merger talks between Target and Kroger appear to be false, according to a report Friday, March 23, from CNBC.
Spectrum Diversified Designs and ICI USA, the parent company of kitchenware brand Tovolo, have merged their businesses.
Walgreens and Rite Aid have terminated their merger agreement. The decision to terminate the merger agreement follows feedback on the merger’s prospects received from the Federal Trade Commission, Rite Aid said. Rite Aid added that the potential FTC objection led the company to believe that the parties would not have obtained the commission’s clearance to complete the merger.