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Mergers

Business

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 […]

Business

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? […]

Business

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 […]

Business

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 […]

Business

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 […]

Business

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 […]

Business

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 University sign
Business

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 […]

Business

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 […]

Business

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 […]

Business

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 […]

Business

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 […]

Business

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 […]

Business

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 […]

Business

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 […]