Mergers & Acquisitions News
Lower prices promised with closing scheduled for Aug. 28
SEATTLE & AUSTIN, Texas -- The Federal Trade Commission (FTC) gave its stamp of approval to online retailer Amazon's pending acquisition of brick-and-mortar specialty grocer Whole Foods Market, clearing the way for the $13.7 billion deal to close on Aug. 28, the companies said. Whole Foods...
Acquires five Smitty’s c-stores from R.H. Smith Distributing
DENVER -- Private-equity firm Western Alta Holdings, the parent company of Pester Marketing/Alta Convenience Stores , has expanded to the West Coast, acquiring five c-stores in a joint venture with R.H. Smith Distributing Co. Inc., Yakima, Wash. The stores—in Yakima, Ellensburg and West Richland,...
Former Tesoro consolidates MLPs
SAN ANTONIO – The latest strategic move by the new Andeavor, formerly Tesoro Corp., improves the company’s position for “organic growth programs and strategic acquisitions, including dropdowns,” its CEO said. Andeavor is merging Andeavor Logistics and Western Refining Logistics, its master limited...
Name change, Western Refining acquisition cap period of transformation for refiner-marketer
Recent acquisitions show commitment to expansion strategy
Florida, New York, Pennsylvania, Texas see most unit growth