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Cranberry Journal

Thursday, October 8, 2026

Also in this edition
Markets
  • S&P 5007,765.36−0.47%
  • Nasdaq27,193.34−1.25%
  • Dow51,231.64+0.10%
  • 10-yr yield5.23%−0.87%
  • Crude$90.60+2.63%
At the close · Oct 8

Family Business

Tagged stories

A corner shop with a dark blue Boots fascia reading Pharmacy and Health, on a street in Saltash, Cornwall.
Business

The Westons Are Buying Boots for $8.9 Billion. An Insurance Group Is Set to Own Half of It.

Wittington Investments, the holding company of Canada's Weston family, agreed on Wednesday to buy Boots from Sycamore Partners and the Pessina family for $8.9 billion including debt. Fairfax Financial, a Toronto insurance and investment group, has agreed to put up as much as $2.3 billion and is expected to own half of the equity. The family gets operational control.

By Margaret Holloway  

A steel electricity transmission tower standing in a grassy field.
Business

The Southern Family Has Controlled Canadian Utilities Since 1980. It Is Trading It for Shares in Emera.

Emera and Canadian Utilities agreed on Tuesday to combine in an all-share deal that the companies say is the largest merger ever between two Canadian companies, with a combined enterprise value of about C$72 billion. ATCO, the family-controlled group that has held Canadian Utilities since 1980, will give up that control and spin its housing, defence and ports businesses into a new company.

By Daniel Okafor