The Weekly Consensus™ brings to your inbox every Monday a summary of the major stories that impacted consumer businesses in the prior week.
Story of the Week EA going private in $55 billion deal that will pay shareholders $210 a share Electronic Arts said that it has agreed to be acquired by the Public Investment Fund of Saudi Arabia, Silver Lake and Affinity Partners in an all-cash deal worth $55 billion. Shareholders of the company will receive $210 […]
Story of the Week VF Corp. to sell Dickies for $600M VF Corp. has an agreement to sell its Dickies workwear brand to Bluestar Alliance for $600 million in cash, the apparel conglomerate announced on Monday, Sept 15. The transaction is expected to close by the end of the year, subject to customary closing conditions […]
Story of the Week KKR buys South Korea’s Samhwa in $528 million deal U.S.-based KKR has acquired South Korea’s cosmetics packaging company Samhwa Co from TPG in a deal valued at 733 billion Korean won ($528 million). KKR said the acquisition is an addition to its long track record of investing in Korean businesses. The […]
Story of the Week Kraft Heinz to split into two companies Kraft Heinz will split into two companies, reversing much of the blockbuster $46 billion merger from a decade ago that created one of the biggest food companies in the world. The first of the two new companies, which are not yet named, will primarily […]
Story of the Week Lowe’s makes $8.8B acquisition; grows Q2 profits and sales Lowe’s Companies Inc. has made another deep dive into its pro business with a multi-billion-dollar investment. The home improvement giant has entered into a definitive agreement to acquire Foundation Building Materials, a North American distributor of interior building products, for $8 billion. […]