US bank holding companies Chemical Financial and TCF sign $3.6bn merger

(adsbygoogle = window.adsbygoogle || []).push({}); Banking acquisition news : Chemical Financial, the Michigan-based bank holding company which owns the Chemical Bank has signed an all-stock deal worth $3.6 billion to acquire Minnesota-based TCF Financial, the parent company of TCF Bank. TCF will merge into Chemical Financial, as per the terms More...

by Soujanya Ravi | Published 2 days ago
By businessnewstoday On Tuesday, February 12th, 2019
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BAE Systems wins US Army contract for Holston Army Ammunition Plant modernization

Defense industry news : BAE Systems has bagged a $74.7 million contract from the US Army for the design, construction and commissioning of the Recrystallization and Slurry Coating Formulation facility at the Holston More...

By businessnewstoday On Monday, February 11th, 2019
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KKR closes $510m equity investment in Ramky Enviro Engineers

Global investment company KKR has completed its previously announced $510 million acquisition of a 60% stake in Indian environmental services provider Ramky Enviro Engineers (REEL). (adsbygoogle = window.adsbygoogle More...

By Soujanya Ravi On Sunday, February 3rd, 2019
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People’s United Bank acquires equipment financing company VAR Technology

People’s United Bank, a subsidiary of People’s United Financial, has acquired Texas-based equipment financing company VAR Technology Finance for an undisclosed price. Headquartered in Mesquite, VAR Technology More...

By businessnewstoday On Sunday, January 27th, 2019
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Zuckerberg to integrate WhatsApp, Instagram and Facebook Messenger: NYT

Facebook Chief Executive Mark Zuckerberg is planning to unify the underlying messaging infrastructure of the WhatsApp, Instagram and Facebook Messenger services and incorporate end-to-end encryption into these apps, More...

By Soujanya Ravi On Sunday, January 27th, 2019
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First Citizens Bank to acquire First South Bancorp for $37.5m

Bank acquisition news : First-Citizens Bank & Trust, the owner of First Citizens Bank, has agreed to acquire Spartanburg-based First South Bancorp, the holding company of First South Bank, for $37.5 million. Established More...

By businessnewstoday On Saturday, January 26th, 2019
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Microsoft calls for new rules amid tech scrutiny

IT industry news : Microsoft CEO Satya Nadella tried to calm growing concerns about facial recognition and other artificial intelligence during a sit-down talk at the World Economic Forum in Davos as experts warned More...

By businessnewstoday On Saturday, January 26th, 2019
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Davos roundup: businesses ‘fed up’ with Trump

There’s been a swing in popularity in the wrong direction for U.S. President Donald Trump as this year’s World Economic Forum wrapped up on Friday. The global CEOs who once hailed him as a champion for More...

By Soujanya Ravi On Sunday, January 13th, 2019
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Have a Heart acquires cannabis brokerage company CannaMLS

Have a Heart acquisition of CannaMLS : Have a Heart, a Washington-based cannabis retailer, has acquired CannaMLS, a cannabis brokerage company for an undisclosed price. CannaMLS, which was founded in 2015, serves More...

By businessnewstoday On Tuesday, January 1st, 2019
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AIG acquires UK group risk specialist Ellipse from Munich Re

AIG acquisition of Ellipse : American International Group (AIG) has wrapped up its previously announced acquisition of Ellipse, a specialist provider of group life risk protection in the UK, from German reinsurance More...