In January 2017, the leadership team of Bega Cheese—the Australian dairy company—was considering a bid for Mondelēz International's Australia and New Zealand (ANZ) grocery business which included several leading consumer brands including Vegemite, the iconic Australian spread. The team must...

On May 12, 2012, Warren Buffett's Berkshire Hathaway announced an offer to buy Media General's (MEG) newspaper division for $142 million in cash and provide debt financing to the struggling firm. Reactions from investors and industry analysts varied: one called it “a huge surprise,” another...

On December 16, 2015, Canadian Pacific Railroad (CPR), in conjunction with hedge fund activist William Ackman (Pershing Square), made its third bid to acquire Norfolk Southern Corporation (NSC), one of the largest railroads in the United States. Having rejected the prior offers, NSC's CEO James...