The deal creates a new force to be reckoned with in the breakfast restaurant category.
Reynolds American Inc. (RAI) and Lorillard Inc. (LO) were granted approval late Tuesday by the Federal Trade Commission to complete the previously announced $27.4 billion merger.
Pricing of 7.7 million Class A shares of common stock assigned the company a valuation of $1.27 billion.
Verizon Communication Inc.'s (VZ) approximately $4.4 billion acquisition of AOL Inc. (AOL) announced last week may shift attention to advertising technology companies, and in particular, Rubicon Project Inc. (RUBI).
Pet Supermarket founder Charles West on Thursday sold the purveyor of premium pet foods to Atlanta private equity firm Roark Capital Group for between $250 million and $480 million.
The all-cash transaction is expected to close during the second quarter.
Private equity's appetite for investments in quickly growing food concepts is heating up. One especially active player in the space as of late is VMG Partners.
Investors in Canada's tech market view Shopify as a bellwether, with expectations for a number of its peers to reveal their public debuts in the coming months.
McDonald's Corp. (MCD) unveiled its turnaround plans on Monday and investors are wondering if it will be able to compete with the newer and trendier fast food concepts.
The deal represents a premium of approximately 106% over the $6.79 Borderfree's shares finished at on Tuesday.