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Acquired

Merck ends development of Covid drug it acquired from OncoImmune

Apr 15, 2021

The Merck logo can be seen on a gate to the Merck & Co campus in Rahway, New Jersey, USA on July 12, 2018.Brendan McDermid | ReutersMerck announced Thursday that it would end development of its experimental drug for hospitalized…

Business

Extended Stay America to Be Acquired for $6 Billion: Live Updates

Mar 15, 2021

Here’s what you need to know:The hotel operator Extended Stay America will be acquired by two private equity firms, Blackstone and Starwood Capital.Credit...Bruce Bennett/Getty ImagesThe investment firms Blackstone and Starwood Capital…

Business

Planters Might be Acquired by Hormel for $3.35 Billion

Feb 11, 2021

They are not peanuts.On Thursday, Kraft Heinz announced that he had agreed to sell his nut business, including the iconic Planters brand, to Hormel Foods for $ 3.35 billion in cash.At Hormel, Planters is being added to a growing collection…