Content about Acquisition

September 15, 2014

Ann Inc. is publicly responding to an investor presentation held by activist investors Engine Capital and Red Alder on Sept. 15, which urged the company to sell at a substantial premium above current stock price.

New York – Ann Inc. is publicly responding to an investor presentation held by activist investors Engine Capital and Red Alder on Sept. 15, which urged the company to sell at a substantial premium above current stock price. In a press release, Ann Inc. said its board is “very active and consistently has been, and remains, focused on enhancing shareholder value.”

Ann Inc. also said its board regularly reviews all options and uses a financial advisor to help evaluate them.

September 2, 2014

1-800-Flowers.com Inc. has entered into an agreement to acquire gourmet food and gift retailer Harry & David Holdings for $142.5 million in cash.

Carle Place, N.Y. -- 1-800-Flowers.com Inc. has entered into an agreement to acquire gourmet food and gift retailer Harry & David Holdings for $142.5 million in cash.  

The deal includes Harry & David’s brands and websites as well as its headquarters, manufacturing and distribution facilities and orchards in Medford, Oregon, a warehouse and distribution facility in Hebron, Ohio, and 47 Harry & David stores.

August 28, 2014

Pine Tree Commercial Realty has acquired Poplar-Prairie Stone Crossing, a class-A power shopping center located in the Northwest Chicago suburb of Hoffman Estates, Illinois.

Chicago -- Pine Tree Commercial Realty has acquired Poplar-Prairie Stone Crossing, a class-A power shopping center located in the Northwest Chicago suburb of Hoffman Estates, Illinois. The recent acquisition is Pine Tree’s 70th and brings the company’s current portfolio to 3.4 million sq. ft. in 19 separate properties.

The 312,000-sq.-ft. shopping center is shadow-anchored by Target and features TJ Maxx, Michaels, Ross Dress for Less, PetSmart, Lane Bryant, and Sports Authority.

August 26, 2014

Brentwood Associates, a consumer-focused private equity investment firm, has acquired Marshall Retail Group, a leading specialty retailer for high-foot-traffic marketplaces with locations in major casino-hotels and airports across the United States.

Los Angeles -- Brentwood Associates, a consumer-focused private equity investment firm, has acquired Marshall Retail Group, a leading specialty retailer for high-foot-traffic marketplaces with locations in major casino-hotels and airports across the United States. The company is led by CEO Michael C. Wilkins, who will continue to lead the business going forward.

August 18, 2014

The battle between the extreme discounters is heating up: Dollar General Corp. said Monday it has made an all-cash bid of $9.7 billion for Family Dollar, topping a deal Dollar Tree made last month.

Goodlettsville, Tenn. -- The battle between the extreme discounters is heating up: Dollar General Corp. said Monday it has made an all-cash bid of $9.7 billion for Family Dollar, topping a deal Dollar Tree made last month. Dollar General is bidding $78.50 per Family Dollar share, which includes a $2.26 per share premium over Family Dollar’s closing price on Friday. The offer is $4 higher per share than the $8.5 billion deal with Dollar Tree.

August 18, 2014

Steve Madden has completed the acquisition of privately held Dolce Vita Holdings Inc., which specializes in the design, sourcing and sale of branded and private label footwear.

Long Island City, N.Y. -- Steve Madden has completed the acquisition of privately held Dolce Vita Holdings Inc., which specializes in the design, sourcing and sale of branded and private label footwear. The acquisition was completed for $60.3 million.

August 15, 2014

Retail organizations may not typically seek the services of a “marriage counselor,” but for retailers looking to implement innovative and disruptive technologies, global startup investor and accelerator Plug and Play Tech Center can help find the perfect partner.

Retail organizations may not typically seek the services of a “marriage counselor,” but for retailers looking to implement innovative and disruptive technologies, global startup investor and accelerator Plug and Play Tech Center can help find the perfect partner.

“We’re a marriage counselor between retailers and startups,” confirmed Michael Olmstead, director, Plug and Play Retail. “We gain an in-depth understanding of retailers’ pain points.”

August 13, 2014

Supply chain commerce solutions provider Manhattan Associates Inc. has acquired the assets of POS and clienteling applications provider GlobalBay Technologies from VeriFone.

Atlanta - Supply chain commerce solutions provider Manhattan Associates Inc. has acquired the assets of POS and clienteling applications provider GlobalBay Technologies from VeriFone. The acquisition extends Manhattan’s omnichannel inventory and order management solutions by enabling in-store sales and clienteling capabilities.

VeriFone’s GlobalBay Merchant solution, targeted to small retailers, will be retained by VeriFone and rebranded in the coming months. Financial terms of the transaction will not be disclosed.

 

August 12, 2014

Phillips Edison-ARC Grocery Center REIT II Inc. has acquired Kipling Marketplace, adding a property in Colorado to the company's portfolio.

Cincinnati -- Phillips Edison-ARC Grocery Center REIT II Inc. has acquired Kipling Marketplace, adding a property in Colorado to the company's portfolio. Kipling Marketplace is a 90,124-sq.-ft. grocery store-anchored shopping center located in Littleton, Colorado, part of the Denver metropolitan statistical area.

Kipling Marketplace is anchored by a Safeway grocery store, the number two grocer in the Denver area. Other national and regional tenants at the center include Sylvan Learning, Dairy Queen, Cost Cutters, and H&R Block.

 

August 4, 2014

Germany-based airport management services provide the Fraport Group has expanded its international portfolio in the global airport market by acquiring 100% of U.S.-based AMU Holdings Inc., which owns Airmall USA Holdings Inc.

Frankfurt, Germany – Germany-based airport management services provide the Fraport Group has expanded its international portfolio in the global airport market by acquiring 100% of U.S.-based AMU Holdings Inc., which owns Airmall USA Holdings Inc. Airmall markets space at the aviation hubs of Baltimore, Boston, Cleveland and Pittsburgh.

August 4, 2014

Attribution analytics company Tune has acquired MobileDevHQ (MDHQ), provider of a SaaS solution for mobile marketers.

Seattle - Attribution analytics company Tune has acquired MobileDevHQ (MDHQ), provider of a SaaS solution for mobile marketers. The MDHQ solution includes app store visibility, search rankings, and competitive intelligence.

Combined with MobileDevHQ, Tune will provide more clarity into the impact and influence of app stores and other organic efforts on paid user acquisition and re-engagement. Existing MDHQ customers will continue to login as before, view their existing data, and otherwise continue using the current MDHQ product during the transition.

July 30, 2014

Activist investor Carl Icahn, who had been pressuring Family Dollar to sell the company, has reduced his ownership stake in the company from 9.39% to 6.09%.

Matthews, N.C. – Activist investor Carl Icahn, who had been pressuring Family Dollar to sell the company, has reduced his ownership stake in the company from 9.39% to 6.09%.

July 29, 2014

Jana Partners, the largest shareholder in PetSmart by one million shares with a 9.9% disclosed ownership stake, is pressuring PetSmart to sell the company.

Phoenix – Jana Partners, the largest shareholder in PetSmart by one million shares with a 9.9% disclosed ownership stake, is pressuring PetSmart to sell the company. In a letter to the PetSmart board of directors, Jana said it will seek to install new, pro-sale board members at the upcoming annual meeting if PetSmart does not start seeking a sale.

July 28, 2014

In a merger that will shake up the dollar store retail vertical, Dollar Tree is acquiring Family Dollar for $8.5 billion in cash and stock.

Chesapeake, Va. - In a merger that will shake up the dollar store retail vertical, Dollar Tree is acquiring Family Dollar for $8.5 billion in cash and stock. The resulting company will operate more than 13,000 locations in the U.S. and Canada, with an annual sales volume of $18 billion.

July 24, 2014

The Priceline Group Inc. has successfully completed its previously announced tender offer to purchase all outstanding shares of common stock of OpenTable Inc. for $103 per share in cash.

Norwalk, Conn. - The Priceline Group Inc. has successfully completed its previously announced tender offer to purchase all outstanding shares of common stock of OpenTable Inc. for $103 per share in cash. The all-cash transaction is valued at $2.6 billion.

July 18, 2014

Herman Miller has entered into an agreement to acquire high-end furniture retailer Design Within Reach Inc. (DWR) for about $154 million in cash.

Zeeland, Mich. -- Herman Miller has entered into an agreement to acquire high-end furniture retailer Design Within Reach Inc. (DWR) for about $154 million in cash.  

DWR’s chief executive, John Edelman, and president, John McPhee, will continue to lead the business as part of the Herman Miller brand and will report to CEO Brian Walker.

July 17, 2014

Roger Hardy, Founder and former CEO of optical giant Coastal Contacts Inc., announced that his company, Hardy Capital Partners along with a small group of prominent Canadian investors, has acquired OnlineShoes.com, a footwear retailer based out of Seattle, and ShoeMe.ca, a Vancouver-based online footwear retailer.

Seattle -- Roger Hardy, Founder and former CEO of optical giant Coastal Contacts Inc., announced that his company, Hardy Capital Partners along with a small group of prominent Canadian investors, has acquired OnlineShoes.com, a footwear retailer based out of Seattle, and ShoeMe.ca, a Vancouver-based online footwear retailer. Hardy intends to consolidate the two companies, creating the largest online footwear operation headquartered in Canada.

July 14, 2014

CVS Caremark said Monday that it has agreed to buy the assets of Miami-based Navarro Discount Pharmacy, the largest Hispanic-owned drugstore chain in the U.S.

Woonsocket, R.I. — CVS Caremark said Monday that it has agreed to buy the assets of Miami-based Navarro Discount Pharmacy, the largest Hispanic-owned drug store chain in the U.S. The transaction includes Navarro's 33 retail drugstore locations and Navarro Health Services, a specialty pharmacy serving patients with complex or chronic diseases.

July 3, 2014

Activist investor Jana Partners LLC disclosed it has acquired a 9.9% stake in PetSmart, according to a regulatory filing, and plans to ask the retailer to explore various options, including a sale.

New York -- Activist investor Jana Partners LLC disclosed it has acquired a 9.9% stake in PetSmart, according to a regulatory filing, and plans to ask the retailer to explore various options, including a sale. Jana, $10 billion firm hedge firm run by Barry Rosenstein, has a reputation for pushing corporate managements to make changes.

June 24, 2014

Oracle Corp. has acquired Micros Systems, a provider of integrated retail and hospitality enterprise solutions, for $5.3 billion.

Redwood Shores, Calif. – Oracle Corp. has acquired Micros Systems, a provider of integrated retail and hospitality enterprise solutions, for $5.3 billion. This figure is 27-times Micros’ current earnings.

Micros offers on-premise and hosted cloud implementations of front- and back-office applications. Retail solutions include POS, e-commerce, CRM, merchandise planning and loss prevention.

June 20, 2014

Billionaire activist investor Carl Icahn, who recently engaged in a high-profile effort to force EBay to separate its PayPal business, is now demanding that Family Dollar sell itself. Icahn, who recently disclosed he has a 9.4% stake in the discount retailer, sent an open letter to Family Dollar chairman Howard Levine saying that it is imperative the company be put up for sale immediately.

Matthews, N.C. – Billionaire activist investor Carl Icahn, who recently engaged in a high-profile effort to force EBay to separate its PayPal business, is now demanding that Family Dollar sell itself. Icahn, who recently disclosed he has a 9.4% stake in the discount retailer, sent an open letter to Family Dollar chairman Howard Levine saying that it is imperative the company be put up for sale immediately.

June 16, 2014

In a long-awaited ruling handed down Monday by the New York State Supreme Court, J.C. Penney has been found to have "tortiously" interfered with Macy’s 2006 contract with Martha Stewart Living Omnimedia when Penney entered into its own contract with Martha Stewart in 2011.

New York -- In a long-awaited ruling  handed down Monday by the New York State Supreme Court, J.C. Penney has been found to have "tortiously" interfered with Macy’s 2006 contract with Martha Stewart Living Omnimedia when Penney entered into its own contract with Martha Stewart in 2011.

June 13, 2014

The Priceline Group Inc. and online restaurant reservation service OpenTable Inc. have entered into a definitive agreement whereby The Priceline Group will acquire OpenTable for $103 per share in an all cash transaction valued at $2.6 billion.

Norwalk, Conn. — The Priceline Group Inc. and online restaurant reservation service OpenTable Inc. have entered into a definitive agreement whereby The Priceline Group will acquire OpenTable for $103 per share in an all cash transaction valued at $2.6 billion. OpenTable will continue to be headquartered in San Francisco and will operate as an independent business led by its current management team within The Priceline Group.

June 11, 2014

Steve Sadove, former chairman and CEO of Saks Inc., has asked consulting firm Marvin Traub Associates to launch a new division focused on innovative technologies, concepts and platforms in the retail and consumer industries

New York — Steve Sadove, former chairman and CEO of Saks Inc., has joined consulting firm Marvin Traub Associates to launch a new division focused on  innovative technologies, concepts and platforms in the retail and consumer industries. Sadove is heading up the new Traub Accelerator division as co-founder, and will also advise Traub’s traditional clients and join the board of directors.

June 10, 2014

Mindshare Technologies, which acquired Empathica in September 2013, announced that the two companies have united under a new corporate entity known as InMoment. InMoment provides a cloud-based customer experience optimization platform, the Experience Hub.

Salt Lake City — Mindshare Technologies, which acquired Empathica in September 2013, announced that the two companies have united under a new corporate entity known as InMoment. InMoment provides a cloud-based customer experience optimization platform, the Experience Hub.