Mergers and Acquisitions

The PBGC won future cash payments in exchange for agreeing to last year's sale of Sears' Craftsman tool line.

Tyson Foods, maker of Jimmy Dean sausages and other meat products, will pay $2.16 billion in cash for the Keystone Foods business of Marfrig Global Foods, expanding its international reach and product range.

The deal marks one of the final strategic moves of outgoing CEO Indra Noyi.

The chairman of the Federal Communications Commission, an independent agency, says a White House official called to talk about a proposed merger between Sinclair Broadcast Group Inc. and Tribune Media Co. Ajit Pai told a Senate panel Thursday that Don McGahn, the White House counsel, called for a "status update" on the agency's action on the deal.

Recreational marijuana is legal in nine U.S. states, as well as Washington D.C.

Consumer electronics retailer Best Buy is pushing more into the health field, acquiring a company that provides emergency response devices for the aging.

Texas-based Diamondback Energy Inc. is acquiring one of Alabama's largest publicly held companies, the Birmingham-based Energen Corp., in a stock deal worth more than $9 billion.

The fund is also offering to buy the company's home services division Ship.

Through the transaction, Coca-Cola will become the second-largest shareholder behind Repole.

China appealed to Washington on Tuesday not to misuse security concerns to hamper business activity after President Donald Trump signed a law that expands the jurisdiction of an investment review panel.

Last week, he urged shareholders to vote against it.

The company is turning its attention to more profitable brands like The North Face.

Drugstore chain Rite Aid and grocer Albertsons say they have called off their merger deal.

Tribune is withdrawing from its $3.9 billion buyout by Sinclair and it's filing a lawsuit against it, citing breach of contract.