Mergers and Acquisitions

West Virginia Pulitzer-winning paper warns of layoffs, sale

The owner of the Charleston Gazette-Mail, which won a Pulitzer Prize last year for its coverage of the state's opioid drug crisis, has warned its entire staff of pending layoffs and said it plans to file for Chapter 11 bankruptcy and find a potential buyer.

Bacardi to buy out Patron tequila in $5.1B deal

Bacardi has agreed to buy out Patron Spirits International in a deal valuing the top high-end tequila maker at $5.1 billion, highlighting the appetite big drinks groups have for the Mexican spirit.