Mergers and Acquisitions

Kansas City Southern is in talks with Canadian Pacific to determine whether its $31 billion bid for the railroad is the best offer on the table after regulators rejected a key part of Canadian National’s $33.6 billion bid last week.

FAT Brands Inc. CEO Andrew Wiederhorn explained how the labor “crisis” has affected his businesses, calling the situation a “total nightmare.”

A planned shareholder vote on Canadian National's $33.6 billion offer has been delayed after regulators rejected a key part of the plan, so now Kansas City Southern railroad can consider all of its options, including a competing $31 billion offer from Canadian Pacific Railway.

Intuit Inc. is in talks to buy email marketing company Mailchimp for more than $10 billion, according to Bloomberg News.

The Federal Trade Commission has set its sights on the oil and gas industry as the Biden administration seeks to battle rising fuel prices.

Baxter International Inc. BAX 0.27% is in advanced talks to buy medical-equipment maker Hill-Rom Holdings Inc. HRC 0.96% for around $10 billion, according to people familiar with the matter.

Walt Disney Co. ’s ESPN is seeking to license its brand to major sports-betting companies for at least $3 billion over several years, according to people familiar with the matter, aiming to capitalize on the fast-growing online gambling industry.

Western Digital Corp.

Toshiba Corp is in talks with at least four global private equity firms including KKR & Co Inc and Blackstone Inc to seek their ideas for its new strategy, three sources with knowledge of the matter said.

Richard Branson's satellite launch company Virgin Orbit will make its stock market debut on the Nasdaq through a merger with special purpose acquisition company NextGen Acquisition Corporation II.

Stocks hit records as investors looked ahead to a key Federal Reserve event that could lay out the framework for the central bank to begin tapering its asset purchases.

Pfizer's $2.26B Trillium deal will target drugs for blood cancers, such as leukemia, multiple myeloma and lymphoma, according to the companies.

An investment group that includes Abu Dhabi’s sovereign-wealth fund is close to acquiring a minority stake in CityFibre Infrastructure Holdings in a deal that would value the U.K. fiber-optic-broadband provider at more than $2.7 billion, according to people familiar with the matter.

Hyatt Hotels CEO Mark Hoplamazian, argued on Thursday that travel demand’s current cool down is a “short-term phenomenon.”

Derivatives exchange giant CME Group has forcefully denied a report that it is in talks to acquire smaller Cboe Global Markets.

Axel Springer SE is in talks to purchase an ownership stake in Washington, D.C., publisher Politico, according to people familiar with the matter, a deal that would consummate a yearslong relationship between the two companies.

BHP Group Ltd. , the world’s biggest mining company, said it is considering the sale of its petroleum business, a move that would reduce its exposure to fossil fuels amid growing pressure from investors and governments for resources companies to cut emissions.

Hyatt Hotels Corp. plans to buy resort company Apple Leisure Group from its private-equity owners for $2.7 billion.

U.S. stocks ticked to record highs Friday as investors shrugged off a sharp drop in consumer confidence.