latest articles

Target CMO Michael Francis Leaves for J.C. Penney

A Target spokeswoman said that the departure of Michael Francis, who was leading the retailer's expansion into Canada, will have no bearing on its plans to open stores north of U.S. borders; the company hasn't yet determined an approach for finding Francis' replacement.

Plato Ups Bid for Software Co.; Offer is Rejected

Plato's $471 million bid for Renaissance Learning is the highest offer on the table, but Renaissance's board of directors is recommending that shareholders approve a $455 million buyout offer from global equity firm Permira Funds.

Plato Counter-Bids for Software Co., Offer Matched

Renaissance Learning's board of directors will consider Plato's $15.50-per-share buyout offer but is currently recommending that shareholders vote in favor of an offer from Permira Funds, which was recently increased to match Plato's bid.