Mergers and Acquisitions

The maker of Velveeta cheese will merge with ketchup maker H.J. Heinz, owned by 3G Capital and Warren Buffett's Berkshire Hathaway, to form America's third-largest food and beverage company. Kraft shares surged in pre-market trading.

The Brooklyn Nets on Tuesday confirmed a report that it was entertaining offers for the sale of the NBA club, saying it was "always open" to overtures, but added no deal was imminent.

Yahoo is moving forward with the spinoff of its sizable stake in China's Alibaba Group, and announced a name for it: Aabaco.

An Illinois man has pleaded not guilty to conspiring with an online Canadian pharmacy to smuggle prescription drugs into the U.S. to sell to doctors.

Solera is being acquired by an affiliate Vista Equity Partners for about $3.74 billion in cash.

Activision Blizzard Inc. said Monday that it has agreed to buy Major League Gaming as the videogame giant continues to pursue a foothold in fast-growing business of competitive videogames, or so-called e-sports.

Anthem said it will buy rival Cigna in a deal valued at $54.2 billion, creating the largest U.S. health insurer by membership. The deal comes amid consolidation in the health-care industry following the rollout of Obamacare.

China's state-backed Tsinghua Unigroup Ltd is preparing a $23 billion bid for U.S. memory chip maker Micron Technology Inc, in what would be the biggest Chinese takeover of a U.S. company, people familiar with the matter said.

Lockheed Martin Corp. is in advanced talks to buy the Sikorsky helicopter unit from United Technologies Corp., in a deal that could be valued at more than $8 billion.

Schlumberger, one of the world's largest oilfield services companies, said it will acquire oilfield equipment maker Cameron International Corp in a deal valued at $14.8 billion.

Intercontinental Exchange agreed to buy Interactive Data Corp. from Silver Lake and Warburg Pincus for about $5.2 billion, ending the financial-data provider's bid to go public.

Duke Energy has struck a deal to acquire Piedmont Natural Gas in a deal worth about $4.9 billion, adding roughly 1 million natural-gas customers to its base.

Private-equity firm CVC Capital Partners  and a Canadian pension fund are nearing a deal to buy Petco Holdings in what would be one of the biggest leveraged buyouts.

Pfizer said it would buy Allergan in a record-breaking deal worth $160 billion, designed to cut the company's U.S. tax bill by moving its headquarters to Ireland.

Hulu is seeking to sell a stake to Time Warner Inc. as part of a deal that would value the streaming-video service at more than $5 billion and advance its efforts to compete with Netflix Inc. and Amazon.com Inc., according to people familiar with the matter.

Japanese tire maker Bridgestone Corp said it would not counter Carl Icahn's raised offer to buy Pep Boys, ending a bidding war for the U.S. auto parts retailer.

Keurig Green Mountain, the maker of K-Cup single-serve coffee pods, said it would be bought by an investor group led by Germany's JAB Holding Company for about $13.9 billion.

State-owned China National Chemical Corp has raised its offer to buy Syngenta AG by about $2 billion, to $44 billion, proposing a two-stage takeover of the agrochemical company, Bloomberg reported, citing sources.