#acquisition

There’s been a lot of speculation lately around the company’s direction — reduced benefits, PTO changes, restructuring, workforce reductions, and broader efforts to improve financial performance have naturally fueled conversations about potential strategic moves. Acquisition rumors around NetApp aren’t new and seem to resurface every few years, but the current environment has people paying closer attention than usual.

From my perspective, the bigger concern is long-term growth and leadership’s ability to scale the business meaningfully beyond its current trajectory. With another round of layoffs expected next week followed closely by earnings, it’s understandable why employees and investors are reading into the timing and looking for signals about what may come next.

So the stock spiked to mid 120's and I see rumors of someone wanting to .... erm... what's this BUY netapp.... ffs who would be D-MB ENOUGH??

"There's some takeover speculation around NetApp (NTAP), according to a Betaville "uncooked" alert circulating among traders on Thursday. It's not clear which company is circling NetApp. " (MSN)

However d-mb, it does put some of the last few years behavior into some sort of narrative that makes sense. Have they been preparing and putting lipstick on for two years now?

BioMarin Pharmaceutical is implementing workforce reductions. The company will eliminate 58 jobs. These cuts are at Amicus Therapeutics' Princeton headquarters. The layoffs are scheduled from August 7 to October 30. The action stems from BioMarin's acquisition and overlapping roles.

Princeton, New Jersey

https://njbiz.com/biomarin-cuts-amicus-jobs-princeton/

Oracle purchased Cerner for $28.4 billion in 2022. Oracle mainly wanted Cerner's federal agency agreement. The company laid off many workers. The North Kansas City Cerner campus closed. The VA's record system modernization faces huge expenses.

https://www.iolaregister.com/opinion/columnists/oracle-made-a-kc-success-story-a-cautionary-tale

Infra Pipes will close its Albuquerque, New Mexico plant. This facility produces high-density polyethylene pipe. The closure will result in 51 employee layoffs. Infra Pipes recently acquired this plant. It was part of a purchase from Atkore Inc.

Albuquerque, New Mexico

https://www.plasticsnews.com/end-markets/construction/pn-infra-pipes-closing-albuquerque-plant/

The Taubman Co. is closing its Bloomfield Hills headquarters. It plans to lay off 105 employees. These actions will take effect on January 9. This follows its recent acquisition by Simon Property Group. Simon Property Group finalized the remaining interest on November 3.

Bloomfield Hills, Michigan

https://www.aol.com/articles/mall-developer-taubman-permanently-close-193712165.html

5/14/2026 12:00:00 PM

Deal includes Chevron assets in Vietnam, Australia, Philippines, Malaysia
Deal expected to close in 2027

Chevron divests Asian refining assets to streamline operations

Eneos aims to boost overseas sales share to over 50% by 2030, CEO says
Eneos Holdings said it will buy U.S. major Chevron's 50% stake in Singapore Refining Company and other assets in Southeast Asia and Australia for nearly $2.2 billion, in its first refining foray outside of Japan.

The deal, which includes Chevron's assets in Vietnam, Australia, Philippines and Malaysia, is expected to close in 2027, Eneos said. Chevron has been looking to divest refining and storage assets in Asia to streamline operations and reduce costs.

"This investment represents a significant step in strengthening the business platform that connects Japan with Southeast Asia and Oceania," said Eneos Holdings CEO Tomohide Miyata.

Eneos operates nine refining complexes in Japan including a joint venture with PetroChina.

Chevron divestment. SRC operates a 290,000 barrels-per-day refinery in Singapore and the other half of the company is held by PetroChina 0857.HK through its subsidiary Singapore Petroleum Co.

"The agreement reflects Chevron's disciplined approach to managing its international portfolio," said Andy Walz, president of Chevron's downstream, midstream and chemicals.

The SRC stake sale is the second major refinery deal in the Asian oil hub after Shell sold its Bukom refining and petrochemical complex in 2024. Chevron previously sold its Hong Kong retail stations to Thai refiner Bangchak Corp. Corp for $270 million.

The latest sale includes Chevron's Penjuru terminal and lubricants facility in Singapore, which has a storage capacity of around 400,000 cubic meters, roughly equivalent to 2.5 million barrels of oil.

Taking over a fuel terminal in one of the world's largest oil storage and blending hubs will expand Eneos' trading capabilities, especially in refined fuel, analysts said.

"It will be an important strategic move for Eneos to grow downstream given its domestic market in Japan is saturated and expected to decline," said Sushant Gupta, Wood Mackenzie's Asia Pacific refining and oils research director, a reference to Japan's long-term decline in demand owing to a shrinking population.

"It is not just the refinery but things that come along will be the deal sweetener."

Morgan Stanley was appointed by Chevron to handle the sale of the refinery stake and other assets in Asia.

Eneos eyes more overseas M&A deals. Eneos is looking to widen its overseas operations via the purchases from Chevron, while looking at other buys.

"With regard to our overseas operations, which currently account for just under 20% of sales, we intend to use this M&A as a catalyst to significantly expand this share - including through future growth in our trading business - with the aim of raising it to more than 50% by fiscal 2030," said Eneos' Miyata.

He said he did not believe the latest acquisition of assets from Chevron alone would be sufficient to achieve that goal.

"We aim to reach the target through future overseas M&As, and we are already taking steps in that direction," he added.

https://www.hydrocarbonprocessing.com/news/2026/05/eneos-to-buy-chevrons-singapore-refinery-stake-asian-assets-for-22-billion/

That might complicate business for Nike since biggest team dealer for Nike is BSN (overwhelmingly) and they are already part of KKR.

So KKR will own UA and do business with NIKE. Will they be fair with Nike or use Nike while they support their own UA. That is intriguing.

Once again, Nike in their hubris went around closing almost all of the independent team dealers. And pivoted all of the Nike's team business with BSN. Another brilliant march towards corner by our smart former CEOs MP and JD. They thought that they will maximize the profit if they deal with one big guy. Hmmm....yes but if that strategy turns against you then it might ki-l you too. LOL
BSN has already been producing their private label apparels. And if it gets supported by UA then they don't need Nike.
One time, I talked to former BSN VP and he was not too happy that they have order too much futures because Nike demands it therefore eating their profits. Maybe they won't be forced to order too much futures with UA that owned by KKR.
Since Nike has no other option, they might have to continue to do business with BSN even if they emphasize on their own brands.

One of the scenario is that they might sever ties with Nike and go exclusively with UA.
That would be devastating to Nike since Nike don't have anyone as big as BSN when it comes to team items. Eastbay had team business but they have closed their business.

And I don't know how Nike will combat KKR if it really happens since Nike is pauper compared to KKR. Yes, KKR has more money than GOD.

That was brilliant MP and JD. It was your fault

Currently, BSN is serving Nike's key high schools like Mater Dei, St. John Bosco, de la Salle on behalf of Nike, all over the USA. They might try to sign those school for themselves.
Once again, KKR has more money than God. And in addition to it Nike stock is totally depressed now and losing their shirts in China (3 billion feet). I am not sh-t talking it is in today WSJ.

Nike is currently a company that has Plan A but no Plan B nor Plan C. Why? Becuase they ki-led them all. The little account that is.

As SAPPHIRE '26 wraps up, look for merch and rebranding swag being given away. The company is now SAIP! All in on AI.

A yet still weirder acronym than SAP ... so I checked on its meaning:

Systems Acquisition and Implementation Program?
Substance Abuse Intervention Program?

God, I miss J White's marketing genius.

That was about 8 or 9 years ago.

I wonder if ROSS, MARSHALLS AND TJ MAXX has been added to strategic 40 accounts.

I know Nike is desperate but I wonder if Nike people count above as important accounts.

That is curious

As for the little account that Nike close? will not come back. Anyone with right mind will not open a new brick and mortar store.

Have you recently check Verizon careers posted externally? All locations seems to be on India even Engineering Ops. Is this an operational strategy to cut cost where eyes are in India and fewer hands in US? I see a murky future for Verizon. Parts of it will be sold.

What are the chances CDW goes private again or gets bought out by a larger company or private equity group?

What's the most likely outcome ? Just a content only company ? Bought by PE? A collapse ?

https://apple.news/Ay_ISb-khQx221ZuzQORlIQ

Shell cut a large portion of its IT workforce in Bangalore for a reason. Yet RB and LC apparently thought it made sense to bring in the leader who built Shell’s India data and analytics group, even though that role was eliminated during Shell’s own layoffs. Now we are watching that same leadership rebuild the team by hiring former Shell India employees into Chevron.

Etain LLC's Chestertown ca--abis facility is closing. This will lead to 37 job losses. A WARN notice was filed with the Labor Department on May 5. All affected workers will lose their jobs in August. Etain is part of Fluent Corp., which Vireo Growth is acquiring.

Chestertown, New York

https://www.timesunion.com/business/article/etain-chestertown-ca--abis-layoff-notice-22252658.php

Any chance the last two CEO’s were planted by the investors? They both run this company like they want to bleed it out and then sell it to someone who may have pushed for them to get to the top.

Sold 2 states already that they got from Frontier. Heard 3 to 6 more for sale. All in north Central Part of country. Small footprint lots of rural customers. Money being shifted to California and West Virginia

Topgolf has announced layoffs affecting an unknown number of workers. The impact on Louisiana locations remains unclear. Reports suggest hundreds of employees were dismissed nationwide. This follows the company's acquisition by private equity firm Leonard Green. Departments like sales and operations were affected.

https://973thedawg.com/topgolf-layoffs-lafayette/

Anyone hear anything on when we will get the retention bonus now that the sale is through?

We’ve definitely been sold to either Goldman or JPM.

It’s just a matter of time now before they announce the sell and layoff of full business units.

Full decimation soon.

And who would have the means and motive?

Fifth Third Bancorp plans a mass layoff. It will affect 502 workers. These employees are at a former Comerica campus. The campus is located in Farmington Hills, Michigan. Fifth Third acquired Comerica Bank three months ago.

Farmington Hills, Michigan

https://www.freep.com/story/money/business/2026/05/08/fifth-third-layoffs-metro-detroit-former-comerica-site/89997647007/

The company is attempting to be hush-hush about this, but my (soon to be ex) co-workers are announcing on LinkedIn. Last day in the office is today for some.

This entire industry (ev charging) is cooked. All players are trying to get acquired by either an (ev) auto manufacturer or an energy company (like a Shell) increasing footprint in the ev charging space.

The stock fell 44% in a year. 33% in the last 6 months. This company is going down or getting sold in the near future.

Lumber Liquidators will close its Sandston, Virginia distribution center. The permanent closure is scheduled for June 30, 2026. This action will affect all 65 employees at the site. The company was recently acquired by Bed Bath & Beyond, Inc. Lumber Liquidators is also moving its corporate headquarters and warehousing to Tennessee.

Sandston, Virginia

https://hbsdealer.com/lumber-liquidators-dc-closing-virginia

I find it unbelievable how many VP's Optum has. One thing I learned was that when Optum acquires a company they assign them a title based on the money that they made in their last company. Hence, so many people having titles that significantly outrun their skills. Optum's VP's are a great example.

Paramount Skydance proposes acquiring Warner Bros. Discovery. This merger aims to build necessary scale for global competition. The combined company expects to invest in more content production. Increased production will create more jobs for skilled workers. This deal offers growth against current industry contraction.

Detroit, Michigan

https://www.aol.com/news/paramount-wbd-merger-could-good-223158974.html

Any updates on this topic? Also, are there any hints about potential buyers?! saw the earnings - ADM performed quite well.

Belden is acquiring Ruckus from Vistance for about $1.85B. Expected to close in the second half of 2026, pending regulatory approval.

Between now and close, they will keep operating as separate companies — that’s a legal requirement, not a formality. No joint planning, pricing, or customer data sharing with Belden. Integration planning happens, but only through controlled “clean teams.” If they have people they can’t afford to lose, they will flag them now. Retention conversations are starting.

Most people won’t feel much change at first. The Ruckus brand stays. Product roadmaps, customer contracts, and sales teams keep moving. Customers and partners shouldn’t see disruption.
What’s happening as this is being written: the consolidation has started. A few functions will move over to Belden — HR, Finance, Legal, Tax, Treasury, Audit, Procurement, Corporate Comms, IR, and eventually IT. Real estate gets looked at wherever there’s overlap.

This may change, but what stays at Ruckus, at least for now: engineering, product management, sales, channel ops and partner programs, customer support, and the go-to-market teams. These are the reasons Belden bought Ruckus, and disrupting them would undercut the whole deal.

Now, the bridge period: Vistance will keep providing back-office services through a Transition Services Agreement for a while. IT separation alone usually takes 12–18 months, and in my experience it always costs more and takes longer than the first plan suggests.

1 to 1.5 year outlook: expect channel programs, partner tiers, and sales comp to get harmonized. Product lines that overlap with Belden’s will get rationalized.
Please ask any questions.

Some major product line sales are being considered as the demand shifts towards the profitable and relatively low cost drone business. .
Electronic warfare, (avionics) is on the chopping block. No need to retool or retrain. Old sites like Clifton and Rochester will likely close in the coming year.

Post recently deleted on purchasing a third Gulf Coast refinery and selling off smaller Mid Con refineries. Go back to January thread on the following post: Something is on the Refining Horizon.. Where there is smoke, there is fire.

Fulton Bank is eliminating 95 positions in Parsippany. These layoffs follow the bank's acquisition of Blue Foundry Bank. The approximately $243 million acquisition closed last month. Role redundancies were identified after a review of corporate and support positions. The job cuts will occur in two phases this year.

Parsippany, New Jersey

https://njbiz.com/fulton-bank-layoffs-parsippany-blue-foundry-bank-acquisition/

Why would T Mobile buy companies that are about to fail, hire their executives then use programs and platforms from those companies. This company went from last to supposed 1st doing things "the tmobile way" but some supposed brain said let's do things the Sprint and US Cells way now. Seems like they are trying save a sinking ship. All I need to do is last 9 more months or fingers crossed be laid off before then

Bed Bath & Beyond Inc. finalized its acquisition of Kirkland's Inc. in April. Kirkland's Inc. was previously known as The Brand House Collective Inc. A layoff notice was recently filed with the state of Tennessee. The notice describes a permanent closure of the Brentwood office. This office had served as Kirkland's headquarters.

Brentwood, Tennessee

https://www.bizjournals.com/nashville/news/2026/05/05/bed-bath-beyond-kirkland-brand-house.html

Activist investor Ryan Cohen has proposed acquiring eBay Inc. He sharply criticized eBay's current operating structure and large workforce. Cohen stated that 11,500 employees do not make sense for an asset-light business. He plans aggressive cost-cutting and headcount reductions if his bid succeeds. This strategy aims to increase earnings and accelerate innovation.

https://www.benzinga.com/markets/equities/26/05/52311822/ebay-layoffs-looming-ryan-cohen-says-11500-headcount-doesnt-make-sense-fwor-asset-light-business

Gilead Sciences is laying off 108 employees from Arcellx's Redwood City site. This action follows Gilead's recent $7.8 billion acquisition of CAR-T biotech Arcellx. The job cuts are part of the integration process after the buyout closed. Affected employees have been notified of the decision. The layoffs are scheduled to begin at the end of June.

Redwood City, CA

https://www.fiercebiotech.com/biotech/after-arcellx-buyout-close-gilead-trims-108-jobs-car-t-biotechs-redwood-city-outpost

What do people think the future looks like for PSKY? Honestly, I thought it was on the rise after the acquisition when it went up to close to $20, but it's obviously dropped back to pre-acquisition levels. Do we think it'll go back up if the WBD acquisition goes through?

TBH I'm asking because I have LTIP shares I'm trying to unload. My fault for not doing it in September/October.

Republic National Distributing Co. is laying off 1,903 employees in Texas. These layoffs are occurring across multiple offices, including Schertz, Austin, and Grand Prairie. The company sent a WARN letter to the Texas labor agency. This action precedes a potential sale of its Texas market and ten others. Reyes Beverage Group is in talks to acquire these markets.

https://www.expressnews.com/business/article/texas-republic-national-distributing-layoffs-22234251.php

Strong rumors regarding a major security acquisition.