Retail M&A Returns to Life as Stores Reopen

A number of assets are up for grabs as investors hunt for bargains


Mergers and acquisition activity is returning to life as stores reopen and stabilization in the capital markets underpins renewed interest in dealmaking.

The thaw comes roughly two months after the initial shock of the pandemic spilled over into equities and froze deals.

Uber’s bid to combine itself with GrubHub for more than $6 billion, with talks continuing after the latter rejected the offer as too low, could upend the meal delivery service business and signal that companies are regaining confidence in their ability to do deals.

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