News

S&P Global expects busy 2017 for mergers and acquisitions

BY Brian Berk

NEW YORK — 2017 will be another busy year for merger and acquisition activity in the U.S., S&P Global Ratings stated in its latest report.

President Trump’s plans for lower corporate taxes, repatriation of cash held abroad, and a most business-friendly climate bode well for deal making, S&P wrote in its new report, “New Administration Could Spur M&A Activity, But Antitrust Regulation is Not Going Away.”

However, the financial ratings agency stressed it is uncertain how antitrust policy will be implemented in the new administration. “Even under a holistically less-stringent regulatory backdrop, antitrust enforcement will likely remain a hindrance to specific large transactions. The recent federal judge ruling blocking the Aetna-Humana merger is an example.

More information about the report can be found here.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Albertsons announces big strides since Safeway merger

BY David Salazar
BOISE, Idaho — Albertsons on Monday — the two-year anniversary of its merger with Safeway — shared some of the progress the company has made since the combination made it the second-largest supermarket company in the United States. The merger created a collective company with 2,230 stores and a team of 250,000 people across 19 banners. 
 
Since the merger closed in January 2015, Albertsons said it has grown its workforce by 10%, adding 26,000 jobs, building 23 locations and acquiring 151 more stores. At the same time, the company increased its healthy food offerings and charitable donations, giving $272 million in food donations nationwide in 2016 and $25 million in donations from the Albertsons Cos. Foundation in 2016 to support cancer research, hunger relief, veterans support and programs for people with disabilities. 
 
The company has also become a big force in pharmacy since it merged with Safeway. In the 2016 Drug Store News PoweRx Industry Rankings, Albertsons was ninth in our ranking of the top 50 retail pharmacy players with $5 billion in pharmacy sales across 1,738 of its locations with a pharmacy in 2015. Its spot in 2016 was up two spots from where it was in our 2015 rankings, when it was ranked eleventh, with $4 billion in pharmacy sales for 2014 across 1,600 stores with pharmacies. 
 
“We added an exceptional class of talented employees to our family as we grew to serve more neighborhoods and customers,” Albertsons chairman and CEO Bob Miller said. “We also supported hundreds of causes with millions of dollars in donations and transformed into a greener, more sustainable company. I'm extremely proud of our accomplishments, which are a result of the dedication of every employee. They helped us take steps toward being the ‘Favorite Local Supermarket’ in the communities we serve.”
 
Because of its efforts toward sustainability, Albertsons was recognized by the Environmental Protection Agency with a Safer Choice Partner of the Year Award for increasing awareness of products that are safer for people and the environment. 
 
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?
News

Walmart to give new employees pay increases sooner

BY Brian Berk

BENTONVILLE, Ark. — The labor market for workers appears to be improving.

Walmart confirmed to media outlets it will speed up the time it takes for new employees to complete a training program and subsequently increase their pay.

The retail two years ago implemented a $9 per-hour minimum wage and last year unveiled a six-month training program called Pathways. Once this program was completed, pay was increased to $10 per hour.

However, based upon feedback, Walmart will now shorten this salary increase wait time to 90 days. A company spokesperson told CNBC the change is being as new employees were able to master the aspects of the Pathways training course more quickly than expected.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Which area of the industry do you think Amazon's entry would shake up the most?