BALTIMORE, MD—On the 9th of June 2025, IonQ and Oxford Ionics announced that they had entered into a definitive agreement for IonQ to acquire Oxford Ionics in a transaction valued at US$1.075 billion, the largest deal of its kind seen in the quantum computing industry to date. The transaction will consist mostly of US$1.065 billion in IonQ shares (representing around […]
ROSEDALE, MD—Reece subsidiary Fortiline, a wholesale distributor of underground water, sewer and storm utility products, has acquired Belair Road Supply Co. Inc., a distributor of water, sewer, storm and masonry products with five locations in Maryland and Delaware. The acquisition expands Fortiline’s brand network to almost 80 locations in 16 Northeastern states. Belair President Stephanie Germano will stay on through […]
BALTIMORE, MD—Freedom Federal Credit Union and Atlantic Financial Federal Credit Union on Thursday announced that, at the conclusion of the member voting process on Tuesday, January 14, the members of Atlantic Financial FCU have overwhelmingly voted in favor of the merger with Freedom FCU. An approval by Atlantic Financial FCU’s membership was necessary to move forward as their Credit Union […]
BALTIMORE, MD—A federal judge has issued a preliminary injunction halting the proposed merger of supermarket giants Kroger and Albertsons, Attorney General Anthony G. Brown announced this week. The decision comes as a legal challenge to the merger, spearheaded by Attorney General Brown and a coalition of states, gains momentum. The lawsuit, filed in February 2024, argues that the merger of […]
BALTIMORE, MD—Freedom Federal Credit Union and Atlantic Financial Federal Credit Union on Thursday announced plans to merge pending regulatory approval and Atlantic Financial FCU member vote. The resulting Credit Union will operate under the “Freedom Federal Credit Union” name and brand. While the combined assets would be approximately $535 million, both Credit Unions would serve a combined membership of over […]
BALTIMORE, MD—The Kroger Company and Albertsons Companies are facing a lawsuit from the Maryland Attorney General’s office over their proposed merger. The lawsuit claims that the merger violates the Clayton Act, which prohibits the merger of businesses that would substantially reduce competition or create a monopoly. The merging of the two companies would create the largest national supermarket chain in […]
BALTIMORE, MD—Maryland Attorney General Anthony G. Brown is actively seeking input from Marylanders regarding the proposed merger between two major national supermarket companies: Kroger, known for operating chains like Harris Teeter, and Albertsons, which operates chains like Safeway. As part of its commitment to safeguarding fair competition, worker rights, agricultural interests, and consumer welfare, the Office of Attorney General’s (OAG) […]
BALTIMORE, MD – Maryland Attorney General Brian E. Frosh on Friday released the following statement after the U.S. Department of Justice announced that it had reached a settlement with telecommunications giants cellular carriers T-Mobile and Sprint that supports their proposed merger: “The addition of Dish to the mix is a fig leaf that doesn’t cover up the ugly parts of […]