No more U.S. Steel

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According to the Washington Post, Japan’s largest steelmaker, Nippon Steel, will purchase U.S. Steel in a, a deal valued at $14.1 billion. Questions: Source: Tan, E. (2023). U.S. Steel will be acquired by Japan’s Nippon in a $14.1 billion deal. The Washington Post, December 18 (Retrievable online at https://www.washingtonpost.com/business/2023/12/18/us-steel-nippon-acquistion)

Some Interesting and Difficult Issues Surround the RiteAid Bankruptcy!

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According to the New York Times, RiteAid, one of the country’s largest pharmacy chains, faces more than a thousand lawsuits that say it filled illegal prescriptions for painkillers. Questions: Source: Holman, J. and L. Hirsch. (2023). Rite Aid, Facing Slumping Sales and Opioid Suits, Files for Bankruptcy. The New York Times, Oct. 16 (Retrievable online… Read more »

Is the Bird Really Freed or Just Flying the Coop?

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When Elon Musk took over Twitter on Oct. 27, he declared the “bird” being freed. What a difference less than a month makes! Questions: What are some of the important organizational changes that have happened within the Musk takeover of Twitter over the last three weeks? How much did the acquisition of Twitter cost? With… Read more »

A Lawsuit in U.S. District Court to Stop The Merger of Two of the Largest Publishers

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According to The New York Times, Steven King, well-known author, testified as a witness for the government in its lawsuit to stop the merger of two of the largest publishers. Questions: What is the amount of the proposed acquisition? Who are the two publishers and which one is acquiring the other in this consolidation? How… Read more »

Kraft Heinz Fraud

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Today’s column offers a review of a clawback fraud; CFO.com explains that Kraft-Heinz (KHC) reported supplier contracts that made it appear as if expense savings were provided in exchange for past or same-year events performed by the company when, in reality, they were upfront payments in exchange for a future benefit from KHC. This was… Read more »

Big Move by a credit reporting giant

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Credit rating giant TransUnion is buying Neustar, an identity resolution company for $3.1 Billion in cash. Questions: When is the deal expected to close? How much is Neustar expected to generate in 2021? What is the strategic benefit of Neustar for TransUnion? Who owned Neustar going back to the 1990s and today? What part of… Read more »

Fitbit sale to Google

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According to the New York Times, Google said on Nov. 1 that it is acquiring Fitbit, the maker of fitness-tracking devices, for $2.1 billion to close the gap with Apple in the growing market for wearable electronics and to add muscle to its expanding hardware business. Questions: Why is the deal is likely to face… Read more »

A Very Old Company leads to Disruption in a Valentine’s Day tradition

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What do you remember about Valentine’s Day in elementary school? Cards and Valentine’s Day candies with different sayings? But not this year! The cute, chalky little inscribed hearts will not be produced or sold this year after a 153-year tradition. Questions: 1. According to Kyle, how old was the company that made the Valentine’s candy… Read more »

Big Deal!

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Emergent BioSolutions, a Maryland-based pharmaceutical company that provides infectious-disease vaccines for the U.S. government, is about to add cholera and typhoid vaccines to its arsenal of preventives. Questions: 1. What is Emergent’s link to the defense contracting market? 2. According to the article, briefly describe Emergent’s corporate history. 3. What health issues does the PaxVax… Read more »

Big Deal

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According to Reuters, Aetna Inc’s board of directors approved the U.S. health insurer’s sale to drugstore chain operator CVS Health Corp for approximately $207 per share in cash and stock. As such, this $69 billion deal will be the largest corporate acquisition. Questions: 1. What will Aetna shareholders receive? 2. What will happen to Aetna’s… Read more »