Mergers
Pfizer, Allergan Merge to Create World’s Largest Drug Maker
Pfizer and Allergan have struck a $160 billion merger deal that would create the world’s largest drug maker. It’s yet another example of a merger in the […]
Urban Outfitters Bought Vetri for Under $20 Million
One of the biggest questions looming about the Urban Outfitters–Vetri Family of restaurants deal was a simple one: How much did Urban pay to acquire the company? […]
Marc Vetri: Why I Sold to Urban Outfitters
Marc Vetri treated Tuesday like any other day. He spent his morning at Amis Trattoria on 13th Street, talking about the menu with the chef. Then he […]
Urban Outfitters to Buy Vetri Restaurants
Two of Philadelphia’s best-known brands are set to become united. Urban Outfitters has agreed to buy the Vetri Family of restaurants. No sale price has been disclosed. “Having […]
Pep Boys to be Acquired for $835 Million
Bridgestone has agreed to buy Pep Boys — Manny, Moe, & Jack for $835 million in an all-cash deal. Founded by four friends in 1921, Pep Boys […]
Final US Airways Flight Departs Philly
Bon Voyage US Airways. One of the most popular airlines for domestic travel in the United States is taking one final flight across the country before […]
Yet Another Hospital Merger in the Works
Crozer-Keystone Health System has finally found its dance partner. The company announced in October 2014 that it was exploring strategic partnerships — and on Monday signed a letter […]
Jefferson Aims to Acquire Aria Health
In the wild world of Philadelphia health care mergers, a doozie may be on the horizon. On Tuesday, Jefferson Health and Aria Health signed a letter of […]
QVC Owner to Pay $2.4 Billion for Online Shopping Site
QVC is getting a new e-commerce partner. QVC’s parent company Liberty Interactive Corp. has announced that it will pay $2.4 billion for Zulily, an e-commerce […]
Main Line Tech Company Sells for $9.1 Billion
SunGard has been bought by Fidelity National Information Services Inc. in a $9.1 billion deal. So ends SunGard’s plans to take the company public with an […]
Tech Firm that Lost CEO in Amtrak Crash to Merge
Philadelphia-based video-based learning firm ApprenNet has merged with Handsfree Learning, a San Francisco-based mobile app company. In May, ApprenNet CEO Rachel Jacobs died in the Amtrak […]
Lockheed Martin to Buy Chester County Aircraft Maker
Lockheed Martin has agreed to pay $9 billion to acquire Sikorsky Aircraft, which has about 1,060 full-time employees in Chester County. Sikorsky is a subsidiary of United […]
What $37 Billion Aetna-Humana Deal Means
Last week’s $37 billion merger agreement between Aetna and Humana will create a behemoth with $115 billion in annual revenues and 33.5 million members. A […]
BizFeed: AlliedBarton to be Acquired for $1.67 Billion
AlliedBarton to be Acquired The News: One of the nation’s largest providers of security guards is changing hands. AlliedBarton, the Conshohocken, Pa.-based security giant, has been acquired by […]
BizFeed: Gas Drillers Are Not Happy With Tom Wolf
1. Wolf, Frackers in Heated Dispute The News: On the campaign trail, Gov. Tom Wolf promised to tax natural gas drilling in an effort to […]