Missouri Minute: Sprint in no hurry to decide on merger; A-B InBev buys Wicked Weed

Here are today’s top business headlines from across Missouri:

Sprint is ready to consider deals but is in no hurry to make its choice

Sprint’s chairman said Wednesday that the company is ready to consider a merger, purchase or sale but is in no hurry to strike a deal. Masayoshi Son’s comments came less than a week after a federal ban on strategic talks among telecommunications companies ended. “We can be self-sufficient so we are not in a rush,” Son told analysts during a conference call after Overland Park, Kansas-based Sprint released its year-end financial results and latest customer counts. The call ended a but sooner than Son had wanted, with the chairman being cut off at the end of the session. Read more

A-B InBev purchases North Carolina craft brewery Wicked Weed

Anheuser-Busch InBev will purchase North Carolina brewery Wicked Weed and add it to its craft and import brand unit. A-B InBev announced the acquisition Wednesday. Wicked Weed, established in 2012, will join brands such as Stella Artois and Devils Backbone in The High End business unit, founded in 2015. Read more

Funding for seniors, disabled cut under new budget plan

Services for seniors and people with disabilities would be cut and funding for Missouri’s public colleges and universities would be hit under a state budget plan for next fiscal year unveiled Wednesday. House and Senate negotiators laid out the plan with only days left before lawmakers’ Friday deadline to pass a budget for the fiscal year beginning in July. Read more

Former Perceptive Software workers get new ownership again

Workers in a former Perceptive Software office in suburban Kansas City will work for a new ownership group again, according to a deal announced Wednesday. Private equity firm Thoma Bravo said it has reached an agreement to acquire Lexmark International’s Enterprise Software business. Lexmark acquired Lenexa, Kansas-based Perceptive Software in 2010. When the new deal closes, expected in the third quarter this year, Thoma Bravo said it plans to sell Perceptive Software and its related business units to Hyland Software Inc., based in Westlake, Ohio. Read more

Copaken Brooks making foray into industrial development with KC project

Copaken Brooks, a big name in office and retail development in the Kansas City area, is leaping into the hot industrial real estate market. The firm announced Tuesday that it plans to develop Midwest Gateway, a two-building, nearly 500,000-square-foot industrial park next to BNSF Railway’s intermodal facility in Edgerton, Kansas. Read more

Want the state’s top business and entrepreneurship news in your inbox? Sign up here for our newsletters.

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students