M&A Watch: PSKY-WBD Hurdle, Caesars Shareholder Vote, Union Pacific-Norfolk Southern, FedEx-InPost
Article excerpt
Mergers and acquisitions are entering a busy week, with several major sectors in focus. Paramount Skydance (PSKY) and Warner Bros. Discovery’s (WBD) $110.9 billion deal (including debt) is in focus amid merger hurdles. Billionaire Tilman Fertitta Entertainment’s acquisition of Reno, Nevada-based Caesars Entertainment (CZR) in a $17.6 billion deal has a major shareholder vote scheduled for Sept. 22. Norfolk Southern (NSC) and Union Pacific’s (UNP) merger is also on the market radar after more than 500 customers supported the proposed combination. Meanwhile, FedEx (FDX) is betting on InPost founder Rafal Brzoska to accelerate its European expansion after a consortium led by the logistics giant agreed to acquire the Polish parcel-locker company for about $9 billion. Paramount Weighing $1.5B California Investment To Clear WBD Merger Hurdle? According to a report from The Wall Street Journal, Paramount has discussed a series of potential concessions with California’s attorney general amid ongoing settlement negotiations after its merger with Warner Bros. has been caught in a block. A coalition of states sued to block the merger with WBD, and company executives reportedly discussed a possible settlement, including a $1.5 billion investment in California production, to move the deal forward. The agreement could pave the way for a combined company to bring HBO, CBS, CNN, streaming...
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Union Pacific’s proposed $85 billion acquisition of Norfolk Southern would create America’s first coast-to-coast railroad spanning 50,000+ route miles across 43 states, with closing targeted for early to mid-2027 pending regulatory approval.
