#acquisition

Any updates on the Peabody Energy bid?

How on earth does the CEO keep his job when he delivers this :
a catastrophic decline is stock price,
dividend cut to nothing,
declining revenues,
declining profit,
an acquisition of a loss making competitor,
staff morale at rock bottom, no pay rises for staff

and the only certainty is more redundancies.

How is this a ‘Re-invention’ ??????

Who do you think the board will sell Verizon to after they finish looting it for all they can squeeze out of it?

Well, since the pipeline is crawling, I have lots of time to search for another job. I can't believe what this company has done to it's self. You can track my utilization till the cows come home. Wait, while at it, shuffle some execs around to keep the worker bees thinking that something magical is going to happen, or pop, it's not. There used to be 15 on the team, now we have been dwindled down to 3. Winning!!!! Wait, I have an idea, let's acquisitionFLYwheel another company to try and get deeper in some accounts while offshoring is being done not so quietly in the background and "teammates" are being clobbered. Zero clue, zero talent. I think today, I'll let InsightGPT re-write my resume and get some certifications since clients aren't picking up the phone... Just wondering when the CAPtian team team are going to get to boot?

Upsher-Smith will close its Plymouth, Minnesota plant at 14905 23rd Avenue North and lay off 58 workers. The closure date is April 1, 2025, with layoffs occurring in two or three waves through July 31. Some Plymouth staff will transfer to the company’s Maple Grove facility at 6701 Evenstad Dr. N., which will remain open. A portion of the layoffs will occur at Maple Grove.

The move follows the company’s 2024 acquisition by Taiwan based Bora Pharmaceuticals for 210 million dollars. Upsher-Smith framed the closure as a strategic realignment to optimize global operations and better serve customers. The firm manufactures several generic dr-gs, including vigabatrin, everolimus, and topiramate.

Founded in 1919 by Frederick Alfred Upsher Smith, the company was owned by Ken Evenstad from 1969 and later sold to Japan based Sawai Pharmaceutical in 2017 before the 2024 sale to Bora. The WARN notice detailing the closure was filed with Minnesota’s Department of Employment and Economic Development.

• https://www.aol.com/pharma-company-close-plymouth-facility-154410116.html

Novo Nordisk, the Danish dr-g manufacturer behind the weight-loss and diabetes dr-g Ozempic and other medications, said it's paying up to $5.2 billion to buy Akero Therapeutics, a biotech company with a dr-g in a late-stage trial to treat a fatal liver disease.

https://www.morningstar.com/news/marketwatch/20251009145/novo-nordisk-is-paying-up-to-52-billion-for-a-san-francisco-biotech-working-on-liver-disease

The scope of the job cuts could not be learned immediately. Colonial Pipeline declined to say how many jobs would be cut.

The changes come just months after New York-based asset manager Brookfield Infrastructure Partners Colonial in a deal valued at about $9 billion, becoming the first sole owner of the over 5,500-mile pipeline network since its construction in the 1960s.

https://energynow.com/2025/10/colonial-pipeline-to-cut-jobs-after-brookfield-takover-sources-say/

Lowe’s has completed its $8.8 billion acquisition of Foundation Building Materials, a leading distributor of interior building products such as hardware, drywall, insulation, ceiling systems, etc., for residential and commercial professionals.

https://finance.yahoo.com/news/lowe-finalizes-billion-dollar-acquisition-143700828.html

Lets admit it - Qualcomm's overblown management chain is useless to the core. All of them alike: incompetent, lazy, selfish sycophants, leaching resources, driving professionals out. Do you want to tell me that there is no conflict of interest where CEO's brother making a career? And this is just a tip of an iceberg, because such exist at every level. These people literally breaking their own code of business conduct with impunity. What chance engineering force and shareholders have to receive the value back for their hard work and investment? I would say - none, unless the whole structure is chopped to pieces and thrown away without mercy and payoffs. Complete business audit should allow to cut expenses I would say 50% at least without anyone noticing that these leaches have gone. In fact the level of distraction will become significantly lower. Where else did you attend to meetings with tens of attendees while only a couple of them actively solving an issue? Where else did you have to work around because your ignorant boss force the decision upon you and made task unnecessarily more difficult and far less productive? The solution is simple and less brutal than something that is expecting workforce and shareholders if take over does not happen.

https://www.fierce-network.com/broadband/verizon-buys-starry-what-you-need-know

How sc--wed is everybody? I know every single acquisition comes with layoffs, I'm just wondering how bad it's going to get. I'm no fan of ABB but I've been reading up on SoftBank and to be frank, I haven't exactly been happy with what I've read so far.

Boeing is set to gain EU antitrust approval for its $4.7 billion acquisition of Spirit AeroSystems with remedies to address EU concerns expected to include sales of some of the latter's businesses, people with direct knowledge of the matter said.

https://www.reuters.com/world/eu-set-approve-with-conditions-boeings-47-billion-spirit-deal-sources-say-2025-10-07/

Poor MEG. I feel bad for their people. They will surely be taken over by CVE now. $8.6B really?? $17.6B to get out of FCCL. Phillips paying them $1.9B for their share of the refineries. The only thing this company is consistent at is overpaying, getting ripped off and then laying off. No wonder their stock is always in the toilet. Employees should get out now!!!! Go across the street. Go anywhere. What a dumpster fire.

Wow, AMD inking deals with OpenAI, Q buying kid toys!

Rumor has it Citigroup is very interested and would make sense as to why Ron was retained. Makes sense why all the layoff talk is happening after the 1st of the year.

Fifth Third Bank has officially acquired Comerica, marking another significant move in what appears to be a growing trend of regional bank mergers under the current U.S. administration. Industry analysts expect further consolidation as economic pressures and regulatory shifts continue to reshape the financial landscape.

Meanwhile, Truist is undergoing internal restructuring. Sources indicate that between 500 and 700 contractors were cut last Friday in Digital and Technology divisions. While the company cited "policy concerns" raised by its legal department, insiders suggest the move was primarily driven by cost-cutting objectives. The timing coincided with contract renewal periods, and many agreements were allowed to lapse without extension.

Additional reductions are on the horizon, including cuts to employee benefits, further contractor downsizing, and full-time staff layoffs. Truist has faced ongoing challenges in the market, with underwhelming stock performance fueling speculation that the bank itself may become an acquisition target in the near future.

Waiting for Avaya to get acquired by some big tech giant so I can proudly write in my resume, “Avaya now acquired by XYZ.” Because right now, no recruiter seems to recognize the brand, and my phone’s been awfully quiet.🥹😅

Has anyone heard what this means for our jobs?

Coming from the Comerica side, any guidance or advice? I imagine Dallas offices are going to get gutted. Same with Technology.

Does Fifth Third support remote work?

Fifth Third just announced they are purchasing Comerica to form the 9th largest US lender. The current administration is going to be a lot more open to consolidation. M&T is no longer be able to compete with the larger institutions, especially with their reliance on commercial real estate. Despite huge investments in technology, it's obvious that M&T can't keep up (as evidenced by the failed People's United conversion and an antiquated web banking platform). These layoffs could be an effort to make the company a more appealing target.

Office Depot SOLD Will Go Private in $1 Billion Deal with Atlas Holdings.
https://tonernews.com/forums/topic/office-depot-sold-will-go-private-in-1-billion-deal-with-atlas-holdings/

Curious as to what you all think will happen when Poppi becomes 100% Pepsi on January 1st

Layoffs? Nothing? Share your opinions

I was due to start with HCSC on the Dearborn side as a Claim Technician on Monday, October 6th. I received this email today:

"As you were previously informed via email on October 3rd, 2025, HCSC has rescinded your offer of employment.

This decision cannot be reviewed or appealed, and we are unable to disclose any further information.

We apologize for the inconvenience this has caused."

That's it. No other email, no reason why. Are the layoffs happening company-wide or specific only to the Cigna acquisition?

Or settle for Diamondback?

Will be announced today.

Sycamore just purchased Walgreens, any insights on what the company was like under their leadership?

Open Text (NASDAQ:OTEX) announced on Thursday that it has reached a definitive agreement to divest an on-premise solution (eDOCS), a part of its Analytics portfolio, to NetDocuments, for US$163 million in cash.
The business to be divested is part of OpenText's Analytics product group and contributed approximately $30 million in annual revenue in OpenText's fiscal year ended June 30, 2025.

So after everything settles from this Oxychem sale and the debt reduction is the company better off then if they never would have purchased APC?

US layoffs fell in September, but hiring plans dropped to their lowest level in 16 years, according to new data. At the same time, Warren Buffett’s Berkshire Hathaway agreed to acquire Occidental Petroleum’s OxyChem unit in a $9.7 billion deal, Tesla reported record Q3 EV deliveries, and OpenAI became the world’s most valuable private company with a $500 billion valuation.

I've heard that there will be a PTO change coming since we acquired Cigna. There are too many state differences which means that some states will get more PTO than others because of the differences. Also heard they may let only those affected know. Seems shady if that's the case.

Anyone have an educated guess on what is going to happen to all the Denbury folks in the Plano office come November when their 2 years is up? Surely they aren't going to move them all down here when we are cutting so much.

More layoffs before the holidays then a merger or acquisition on the horizon. Goldman Sachs likely. The reduction in cost, the outsourcing, the reorganization. It makes sense and I’d bet money on it.

Seeing a lot of Permian leadership in SUVs around Civitas field. Will this be a good purchase?

Looks like one less C producer to be sold in the Permian basin. Exxon would benefit from the uplift and diversity of locations.

Will a purchase make sense? Chevron is seeing some issues in the Permian basin. This purchase would uplift production quickly and reduce the need for drilling.

JC and crew on a reconnaissance mission spotted in black SUVs around Civitas field. Will the be a good acquisition for APA? What are the Pros and Cons?

Employees were told the layoffs were about redundancy and not being strategic enough. Sure, some low performers were cut. Plenty of solid, capable people were let go in HR, Marketing, and Sales all over the world. Meanwhile, the company SPENT A LOT on acquisitions and EXECUTIVE LEADERS WHO HAVEN'T DELIVERED. The people who actually kept things running were the ones who got cut. This isn't strategy, it's protecting LEADERSHIP and their image.

Walgreens was just purchased by Sycamore. I just read a news article that says Target is also being looked at by private equity firms as well! Are all retail stores pretty much doomed at this point. Wow.

Factors influencing the buyout speculation:

Potential for an attractive acquisition price: Target's stock has been trading near a six-year low, which could make it an attractive and affordable target for a private equity firm.

Change in CEO: The recent announcement that CEO Brian Cornell would be replaced by company insider Michael Fiddelke is thought to have added to the speculation.

Mixed financial results: Despite reporting "better-than-feared" second-quarter earnings, the company's recent results failed to produce a sufficient recovery in its share price.

Previous buyout rumors: News outlets reported on buyout speculation back in late 2024, following disappointing earnings results.

Mini-tender offer: In September 2025, Target received an unsolicited mini-tender offer from TRC Capital Corp., though this offer was for a small portion of the company and not a full buyout.

Guess what will XOM do?

I am not certain but this smells like a sale.

We'll know in 10 minutes.