Light Rain Fog/Mist 44°
Tag:

Acquisition

Business
JCPenney Offers Billions To Buy Rival Kohl's, Report Says JCPenney Offers Billions To Buy Rival Kohl's, Report Says
JCPenney Offers Billions To Buy Rival Kohl's, Report Says The owners of JCPenney are bidding to acquire rival Kohl’s, according to a new report. Shopping-mall owners Simon Property and Brookfield Asset Management have offered around $8.6 billion for Kohl's stores, the New York Post reports. Under the plan, JCPenney's parent company would maintain two separate brands and cut costs by $1 billion at Kohl’s over the next several years, the Post said, citing a source. After filing for bankruptcy in the spring of 2020, JCPenney was acquired by Simon Property Group and Brookfield Asset Management. With about 1,160 locations in every state except Hawaii…

SHARE

by Joe Lombardi
Business
Make Your Own Soda At Home? Westchester-Based Pepsi Acquires Cola Maker For $3.2B Make Your Own Soda At Home? Westchester-Based Pepsi Acquires Cola Maker For $3.2B
Make Your Own Soda At Home? Westchester-Based Pepsi Acquires Cola Maker For $3.2B Do you want to make your own soda at home? A deal just made by Westchester-based PepsiCo may allow you to do just that. Pepsi announced on Monday it will acquire an Israel-based cola maker. The deal for SodaStream of $144 per share in cash, a transaction valued at more than $3.2 billion. A SodaStream device carbonates water by adding carbon dioxide from a pressurized cylinder to create make carbonated water in which one of more than 100 types of syrups may be added to produce soda. "Today marks an important milestone in the SodaStream journey," Daniel Birnbaum, SodaStream CEO an…

SHARE

by Joe Lombardi