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Monday, May 25, 2020
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Middletown-based DelStar to be acquired by Georgia company

DelStar, Inc. and SWM announced  a definitive agreement, with SWM acquiring DelStar from publicly traded Bethesda, Md.- based investment firm American Capital Strategies. DelStar is based in Middletown. Purchase price is $231 million for...
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Men’s Wearhouse makes $1.2 billion offer for Jos. A. Bank – Baltimore Citybizlist

The Men's Wearhouse announced that it has proposed to acquire all of the outstanding shares of Jos. A. Bank Clothiers common stock for $55  per share in cash, representing an implied enterprise value of...
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Fisker assets purchased by Hybrid Tech Holdings

Fisker Automotive, Inc. and Fisker Automotive Holdings, Inc. have entered into  a deal  with Hybrid Tech Holdings, LLC  for the sale of substantially all  assets. Click here for previous Business Daily stories on Fisker Hybrid is the...
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DuPont glass laminating business sold to Japanese company for $543 million

University of Delaware Library / Foter.com / CC BY-NC-NDKuraray, a Japanese company  and DuPont  announced  a definitive agreement for DuPont to sell Glass Laminating Solutions/Vinyls, a part of DuPont Packaging & Industrial Polymers, to...
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TD to locate credit card operation in Hercules Plaza

Corrects date on formal announcement TD Bank will formally  announce a new credit card center in Hercules Plaza early next month. The long-rumored site near the Brandywine  will employ 75 people, according to an announcement by...
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New name for real estate company now under Buffett umbrella

Art Comments / Foter.com / CC BYOne of the largest residential real estate brokers is now carrying the name of the company headed by billionaire investor  Warren Buffett. As announced  last summer, Prudential Fox and...
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M&T Bank notified of federal probe of Wilm. Trust – The Buffalo News

The Securities and Exchange Commission has notified Wilmington Trust, an M&T Bank Corp. subsidiary, of possible enforcement action. The investigation centers on financial reporting and securities filings by the Delaware-based firm before M&T bought...
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American, US Airways merger moves forward

This file is lacking author information. / Foter.com / CC BYUS Airways and American Airlines parent AMR have settled a lawsuit filed by the U.S. Government and will complete a merger late this year. The...
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High earnings at the Bancorp

The Bancorp, Inc., a financial holding company based in north Wilmington, posted higher earnings for the third quarter. Bancorp specializes in prepaid cards and operates a commercial bank. Net income for the quarter increased to...
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AstraZeneca earnings decline in third quarter

AstraZeneca saw revenue and earnings decline as drugs lost patent protection and expenses rose from development efforts aimed at slowing down the decline. Bloomberg reported the declines exceeded analysts' estimates. The company, which has administrative and...