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Monday, December 9, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: merger


Alibaba buys nearly 33 million shares of Groupon

Alibaba has bought nearly 33 million shares of online daily deal service Groupon.


Myspace still exists? Yes, and now Time Inc. owns it

Myspace still exists? It does, and the company that owns the once-ubiquitous social network is being bought by Time Inc. to help the magazine publisher target ads.


Staples gets EU approval for acquisition of Office Depot

Staples has received European approval for its buyout of Office Depot and in exchange, it said Wednesday that it would split off some operations in Europe to allay monopoly fears.


Lowe’s to buy Canadian chain Rona for $2.3 billion

Lowe’s said Wednesday it plans to acquire a Canadian home improvement company for $2.3 billion, marking the Charlotte-area retailer’s second attempt to acquire Quebec-based Rona.


AmericanWest agrees to buy Seattle bank

AmericanWest Bank plans to buy a Seattle-based bank for $7.2 million in a move that gives the Spokane institution a larger footprint in Western Washington.


Merger seeks stronger mental health system

Two mental health agencies with long histories in Spokane will merge on July 1 to form Frontier Behavioral Health. The boards of directors of Spokane Mental Health, which last year …


Advent Lutheran opens in Valley

There’s a new church in Spokane Valley, but it didn’t come together in the usual way or even how it was planned. The congregations of Christ Lutheran Church, Good Shepherd …


Travelers’ Deal Could Backfire Salomon Purchase Garners Mixed Reviews On Wall Street

Travelers Group Inc.’s purchase of Salomon Inc. was hailed as a triumph for Chairman Sanford I. Weill when it was announced in September. Now it’s drawing mixed reviews on Wall …


Adidas To Buy Salomon Sa For $1.5 Billion

Adidas AG is buying French ski-maker Salomon SA in a $1.5 billion deal that will create Europe’s largest manufacturer of sportswear and equipment. The two companies have combined annual sales …


Fleet Reaches Deal With Quick & Reilly

Fleet Financial Group Inc. plans to buy discount broker Quick & Reilly Group Inc. for about $1.6 billion, intensifying its push onto Wall Street where there’s great potential for revenue …


Northwest Nexus Buys Data Source

Northwest Nexus Inc., the region’s largest independent provider of Internet service to business, has acquired Data Source of Spokane. The deal, said Data Source’s Chad Skidmore, will enable the company …


Pillowtex Acquires Fieldcrest Cannon

Pillow and sheet maker Pillowtex Corp. is expanding its bath line by purchasing towel maker Fieldcrest Cannon Inc. for $400 million to create one of the nation’s largest makers of …


Aol Close To Buying Compuserve Two Biggest Competitors In On-Line Services Could Become One

America Online Inc., is close to reaching a deal to take over CompuServe Inc., its biggest competitor in the online business, The Washington Post reported. The paper reported in Monday’s …


Safeco To Purchase Bank Subsidiary

Safeco Corp. will acquire Washington Mutual Inc.’s insurance underwriting subsidiary, and Washington Mutual will distribute Safeco’s annuities through its banking networks, the companies said Wednesday. Safeco’s acquisition of the WM …


Telecommunications Firms Approve Buyout

In a marriage of fast-growing makers of telecommunications products, Comverse Technology Inc. on Thursday agreed to buy Boston Technology Inc. in a stock swap worth $858 million. Both companies make …


Credit Suisse Plans To Acquire Chief Rival

Suisse banking group said Monday it will buy Winterthur, Switzerland’s second-biggest insurance company, for about $9 billion worth of stock to form one of the world’s biggest financial services companies. …


Jp Foodservice To Buy Rykoff-Sexton

JP Foodservice Inc. said it will buy Rykoff-Sexton Inc. for about $1.4 billion in stock and debt, creating the second-largest food wholesaler in the U.S. JP Foodservice, which is acquiring …


Murdoch Expands Satellite Empire

Rupert Murdoch’s effort to find a new partner for his U.S. satellite business has brought him together with Primestar, but left the media baron in the unusual position of a …


Safeco Wins Bidding War Over Rival Seattle Company Spends $2.8 Billion

After a bidding war involving some of the industry’s biggest names, Seattle-based Safeco on Monday scooped up a large property-casualty insurance rival for $2.8 billion. In making the deal for …


Egghead To Acquire Competitor Spokane-Based Company Buying Surplus Software In Deal Worth $31.5 Million

After 17 lonely years, Professor Egghead is finally getting hitched. Spokane-based computer retailer Egghead Inc. said Thursday it will buy Surplus Software Inc. of Hood River, Ore., for $31.5 million.


Purchase Creates Giant Pr Operation

Omnicom Group Inc. of New York announced Wednesday it is buying Fleishman-Hillard Inc. to create the world’s largest public relations firm. Plans call for Omnicom, one of the world’s largest …


Commercial Complex Taking Shape In Historic Cda Neighborhood

Hoping to link to the location’s history, a trio of new buildings under construction at 112 Hazel Ave., Coeur d’Alene, is looking for a train-related name. Architect Tim Wilson has …


Demonstrators Protest Proposed Banking Deal

NationsBank Corp.’s plan to acquire Boatmen’s Bancshares Inc. was denounced here today by dozens of chanting demonstrators from St. Louis who marched past the New York Stock Exchange. They gathered …


Boeing-Rockwell Exchange Ratio Set

Rockwell International Corp. shareholders will receive .042 of a share of Boeing common stock in Boeing Co.’s acquisition of Rockwell’s aerospace and defense business, Rockwell said Friday. The exchange ratio …


Us West Gets Ok To Buy Continental

US West Media Group Inc. got U.S. antitrust approval for its $11.8 billion purchase of Continental Cablevision Inc. after promising to sell Continental’s stake in Teleport Communications Group Inc. Without …


W.T.B. Consolidating Banks In Two States

W.T.B. Financial Corp. will fold its Idaho and Washington banks into a single entity, the Spokane holding company announced Tuesday. Northern State Bank will become the North Idaho Region of …


Samsung May Acquire Fokker

Samsung Aerospace Industries Ltd. has agreed to take over bankrupt Dutch aircraft maker Fokker NV for $150 million and invest an additional $600 million in the company, a newspaper reported …


Wells Fargo Arrival Delayed

First Interstate Bank customers will have to wait another two weeks for the stagecoach. Wells Fargo Bank, which bought First Interstate in April, has delayed the changeover of operations in …


Ambassadors Strikes Deal For Midwest Firm

Ambassadors International Inc. has reached an agreement to merge Minneapolis-based Bitterman & Associates Inc. into a new subsidiary. The deal, if closed, would be the third expansion through acquisition this …


Hospital Chains Agree To Merge

The merger of the the nation’s second and third-largest for-profit hospital chains - Tenet Healthcare Corp. and Ornda Healthcorp - will create a more competitive company, analysts said Thursday. Tenet, …