Big dollars pouring in to big deals today with three multibillion dollar mergers, two of the Worlds Largest advertising agencies agreed to merge. France will create a new ad biamus. And the scale and power to better compete for digital ad space. Also today, a big deal in the Luxury Retail space. Canadas Largest Department store chain, which already owns lord taylor is paying about two and a half billion dollars in cash for saks 5th avenue. The company will have 320 stores in some of the biggest cities in north america. A mega pharmaceutical merger, perago is paying for alon corp. , opening the way for it to move to ireland for much lower tax rate and to expand into italy. A smaller deal to tell you about, Sinclair Broadcasting group is buying eight abc affiliates along with a 24hour cable news channel in washington, d. C. , for just under 100 billion. The current owner is the owner of politico. Why is all this corporate buying going on now . Joining us to answer that, richard peterson,
Good evening, everyone. Big dollars pouring in to big deals today with three multibillion dollar mergers, two of the Worlds Largest advertising agencies agreed to merge. France will create a new ad biamus. And the scale and power to better compete for digital ad space. Also today, a big deal in the Luxury Retail space. Canadas Largest Department store chain, which already owns lord taylor is paying about two and a half billion dollars in cash for saks 5th avenue. The company will have 320 stores in some of the biggest cities in north america. A mega pharmaceutical merger, perago is paying for alon corp. , opening the way for it to move to ireland for much lower tax rate and to expand into italy. A smaller deal to tell you about, Sinclair Broadcasting group is buying eight abc affiliates along with a 24hour cable news channel in washington, d. C. , for just under 100 billion. The current owner is the owner of politico. Why is all this corporate buying going on now . Joining us to answer
The cost is eye popping. All that and more tonight on nightly Business Report for monday, july 29th. Good evening, everyone. Big dollars pouring in to big deals today with three multibillion dollar mergers, two of the Worlds Largest advertising agencies agreed to merge. France will create a new ad biamus. And the scale and power to better compete for digital ad space. Also today, a big deal in the Luxury Retail space. Canadas Largest Department store chain, which already owns lord taylor is paying about two and a half billion dollars in cash for saks 5th avenue. The company will have 320 stores in some of the biggest cities in north america. A mega pharmaceutical merger, perago is paying for alon corp. , opening the way for it to move to ireland for much lower tax rate and to expand into italy. A smaller deal to tell you about, Sinclair Broadcasting group is buying eight abc affiliates along with a 24hour cable news channel in washington, d. C. , for just under 100 billion. The current
Stocks . Youre being hit with unexpected fees, its legal, and the cost is eye popping. All that and more tonight on nightly Business Report for monday, july 29th. Good evening, everyone. Big dollars pouring in to big deals today with three multibillion dollar mergers, two of the Worlds Largest advertising agencies agreed to merge. France will create a new ad biamus. And the scale and power to better compete for digital ad space. Also today, a big deal in the Luxury Retail space. Canadas Largest Department store chain, which already owns lord taylor is paying about two and a half billion dollars in cash for saks 5th avenue. The company will have 320 stores in some of the biggest cities in north america. A mega pharmaceutical merger, perago is paying for alon corp. , opening the way for it to move to ireland for much lower tax rate and to expand into italy. A smaller deal to tell you about, Sinclair Broadcasting group is buying eight abc affiliates along with a 24hour cable news channel