Mergers News Updates

BusinessPrivateTop 100

US Foods Calls for Talks After Performance Food Snubs Merger

鈥淥ur ask of PFG is to simply work together to further understand the merits and opportunities of a potential combination,鈥 US Foods聽CEO Dave Flitman said.

August 7, 2025
BusinessLogistics

CSX Working With Goldman Sachs to Explore Options, Sources Say

CSX is working with Goldman Sachs Group, people familiar with the matter said, as the company explores options to participate in rail consolidation after two major rivals announced a merger.

July 31, 2025
BusinessLogistics

Union Pacific to Buy Norfolk Southern in $85 Billion Deal

Union Pacific agreed to acquire Norfolk Southern, forming a transcontinental rail behemoth in what stands to be the industry鈥檚 largest deal ever.

July 29, 2025
GovernmentBusinessPrivateTop 100

Albertsons Seeks Details on Ex-Kroger CEO鈥檚 Personal Conduct

Albertsons demanded that Kroger provide details on the personal conduct that led the company to replace its CEO, Rodney McMullen, who shepherded the grocers' failed merger.

July 28, 2025
BusinessEquipmentFuel

Chevron Cuts 575 Houston Jobs After $53B Hess Takeover

The reductions were handed down on July 18 and take effect Sept. 26, according to a filing with the Texas Workforce Commission on July 23.

July 23, 2025
BusinessLogistics

Union Pacific Said to Be Exploring Deal for Norfolk Southern

Union Pacific is exploring an acquisition of Norfolk Southern, setting up what could rank as the largest railroad deal ever, according to people familiar with the matter.

July 17, 2025
BusinessEquipmentPrivate

Herc Rentals Closes $3.9 Billion Merger With H&E

鈥淭he acquisition of H&E accelerates Herc鈥檚 proven strategy and strengthens our position as a premier rental company in North America,鈥 said Herc CEO Larry Silber.

June 6, 2025
GovernmentBusiness

US Steel Deal With Nippon Seen Closing by Merger Deadline

Nippon Steel and United States Steel are on pace to finalize their $14.1 billion combination with President Donald Trump鈥檚 administration ahead of a deal deadline later this month.

June 5, 2025
BusinessLogisticsFor-Hire

TFI Eyes a 鈥楤rother鈥 for TForce Freight, Not a Merger

During TFI鈥檚 Q4 2024 earnings call with analysts Feb. 20, the company鈥檚 top executive said he did not expect any major acquisitions in 2025, after previously promising substantial ones.

February 21, 2025
BusinessEquipmentPrivate

Herc Rentals Outbids United in $3.9B Merger with H&E

Herc Rentals is set to merge with fellow construction equipment supplier H&E Equipment Services after outbidding the largest player in the field, United Rentals, the company said Feb. 18.

February 18, 2025