Utz to acquire Chicago-based Vitner’s as it chases salty snacks in the Midwest
Potato chipmaker Utz Brands plans to buy Chicago-based Vitner’s as it seeks a bigger bite of the salty snacks market in the Midwest. Utz Quality Foods, a subsidiary of Hanover, Pennsylvania-based Utz Brands, announced Monday that it has agreed to pay $25 million to Snak King to acquire certain parts of Vitner’s, including its trademark, intellectual property and distribution assets. Vitner’s, founded in 1926 on Chicago’s South Side as the C.J. Vitner Company, was one of the oldest family-run snack food companies in the U.S. when it was purchased by California-based Snak King in 2011. Snak King...
Yu Darvish at the center of trade talks between the Chicago Cubs and San Diego Padres. Could Victor Caratini be added too?
CHICAGO — Three years after acquiring Yu Darvish in an attempt to regain their dominance in the National League, the Chicago Cubs are in discussions to trade the 2020 NL Cy Young runner-up to the resurgent San Diego Padres. A source confirmed Monday the two teams are in the midst of negotiations involving Darvish, 34, who posted an 8-3 record and 2.01 ERA in a shortened 2020 season. Darvish is owed $59 million over the final three years of his six-year contract signed in February of 2018. The Cubs, facing several issues involving potential free agents Javier Baez, Kris Bryant and Anthony Rizzo...
Padres finalizing deal for Blake Snell in trade for Luis Patino, other prospects
SAN DIEGO — The San Diego Padres made a move to replace their ace. The team on Sunday night was close to finalizing a deal to acquire starting pitcher Blake Snell from the Tampa Bay Rays in exchange for Luis Patino, Francisco Mejía, Cole Wilcox and Blake Hunt. Multiple sources confirmed the deal, which was first reported by The Athletic. Snell moves into the spot atop the Padres’ rotation left empty when Mike Clevinger underwent Tommy John surgery last month. Snell, 28, won the American Cy Young award in 2018 and has a 2.85 ERA and 1.10 WHIP over the past three seasons. He had a 3.24 ERA and 1...
The San Diego Union-Tribune
Ivanka Trump, Jared Kushner reportedly buy $30 million plot of land in Florida
MIAMI — Jared Kushner and Ivanka Trump appear to be moving to Miami-Dade County. The daughter and son-in-law of President Donald Trump have purchased a plot of land in tony Indian Creek Village. The news was first reported by the New York Post’s Page Six, which said the acquisition is “believed to be” of a 1.8-acre, 80,000-square-foot plot most recently owned by Julio Iglesias and listed at $31.8 million. Jill Eber, founding partner with luxury residential brokerage firm The Jills Zeder Group, an affiliate of Coldwell Banker Residential Real Estate and the listing agent for the land, declined ...
Scott Fowler: Hornets dropped the ball by drafting LaMelo. He won't be the star Charlotte needs.
CHARLOTTE, N.C. — LaMelo Ball was drafted by the Charlotte Hornets with the No. 3 pick Wednesday night. That sounds like all sorts of fun, and it will sell all sorts of tickets, and it will generate all sorts of revenue for a small-market team that badly needs a one-name star.And despite all that, I don’t like it.Sorry to throw cold water on the virtual parade, but LaMelo Ball isn’t going to be a big NBA star. The Hornets should have traded up to acquire James Wiseman at No. 2.Will Ball be a solid NBA starter one day? Sure.Will he be an All-Star every night, the sort of player you build a fran...
The Charlotte Observer
Home Depot to buy HD Supply
In a deal worth an estimated $8 billion, Home Depot has agreed to buy HD Supply Holdings, an Atlanta-based distributor of industrial products for businesses and apartments buildings.HD Supply, which has about 5,500 employees, was originally part of Home Depot. The company was sold to several private equity firms in 2007. Six years later, the company went public.While both Home Depot and HD Supply sell to contractors and professionals, there’s relatively little overlap, said Sara Gorman, spokeswoman for Home Depot.“It’s really complementary to the MRO (maintenance, repair and operations) busine...
The Atlanta Journal-Constitution
Cash-rich GoPuff buys West Coast's BevMo delivery service for $350 million
The Philadelphia-based GoPuff delivery service, whose 200 neighborhood delivery centers across the Northeast, Midwest, and South have seen sales rocket since last spring’s coronavirus shutdowns, has agreed to buy Concord, Calif., liquor delivery service BevMo and its 161 stores in three Western states for $350 million.The deal marks seven-year-old GoPuff’s first acquisition. It would boost the company’s workforce to more than 5,000 warehouse workers, tech, retail, and office staff — plus drivers — and increase its value, as calculated from investment and acquisition costs, to more than $4 bill...
The Philadelphia Inquirer
Steve Cohen's purchase of the Mets could close Friday: source
The Mets’ financial clout could drastically change as soon as this weekend.Those involved with Steve Cohen’s purchase of the Mets hope the deal will officially close Friday, according to a person familiar with the situation.If not, the sale will be finalized by early next week.Cohen confirmed the Daily News’ reporting through a tweet to a Mets fan on his Twitter account, with a teaser on when he might be in front of a camera speaking as the Mets owner for the first time.“I’m aiming for next Tues,” Cohen said on when to expect an introductory press conference, “if we can close the purchase tomo...
New York Daily News