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December 2018 Archives

An overview of business mergers

Companies doing business in California or any other state may feel that a merger is in their best interests. In a vertical merger, a supplier will merge with one of the businesses that it supplies products to. A horizontal merger involves competing companies in the same field coming together to create a larger and potentially stronger entity. In some cases, a horizontal merger is hostile in nature, which means that one organization forcefully takes over the other.

Choosing incubators or accelerators for startups

California entrepreneurs may find that establishing their startup can be difficult. However, there are planning options, such as incubators and accelerators, that they can pursue in order to be able to properly launch their startup. It is important that entrepreneurs know exactly what these programs are and which one is appropriate for their situation.

Rent-A-Center merger on the rocks after FTC request

Two companies are publicly sparring over a merger that could affect rent-to-own consumers in California and across the country. Rent-A-Center, which specializes in rent-to-own sales of household goods and products like electronics and furniture, said that it terminated its agreement to merge with Vintage Capital Management, a private equity firm that also owns one of its major competitors in the market. Earlier, the merger had been approved by a decisive vote of Rent-A-Center shareholders in September 2018.

Waitr acquires Bite Squad food delivery company

While some people in California might not be familiar with the food delivery services Waitr or Bite Squad, that could change in the years ahead since Waitr is purchasing Bite Squad. The deal means expansion to 500 cities in more than 20 states. Bite Squad will continue using the same system for now, so existing customers are unlikely to see any immediate changes.

Business mergers: Questions to ask your prospective intermediary

The large amounts of money involved in a business merger mean that emotions will be running high, a lot will be on the table and there's the risk of making a huge mistake that haunts you for many years to come. For these and many other reasons, hiring an intermediary to help navigate the various moving parts involved with a large business merger is a wise move.

Plus seeks to dominate cannabis edibles market with acquisition

Since the legalization of recreational cannabis in California, edible products infused with cannabis have become more popular with consumers. Retail figures from the third quarter of 2018 ranked Plus Products Inc. as the producer of the best-selling edibles brand in the state. To build upon this success, Plus acquired GOOD CO-OP, another producer of baked cannabis foods.

Pepsi buys SodaStream at a premium price

Soft drink and snack food giant PepsiCo, Inc. has finalized its purchase of SodaStream International, Inc. in a deal with a value of around $3.2 billion. People in California who drink soda might already have SodaStream machines in their homes as the company touts its environmental friendliness and lack of plastic bottles. PepsiCo paid a 32 percent premium over the 30-day volume weighted average value to buy all of the outstanding SodaStream shares at a price of $144 each.

Federal judge raises questions about CVS acquisition of Aetna

Investors in California and around the country may be aware that CVS Health Corp. is planning to acquire Aetna Inc. in a deal said to be worth almost $70 billion. Regulatory approval for the mammoth acquisition seemed assured when the Department of Justice granted its approval in October providing that Aetna's Medicare drug division be sold off to preserve competition in the sector, but shareholders hoping for a smooth process followed by a speedy conclusion were dealt a blow by a federal judge on Dec. 2.

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