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Deals Rumor Mill: Binladin, Varsity Brands, Eddie Bauer

By Adam Rhodes (May 24, 2018, 8:03 PM EDT) -- Construction giant Saudi Binladin Group is set to undergo restructuring after the Saudi government moved to seize control of the company, Reuters reported early Thursday. According to the report, the move by the government comes after members of the Binladin family were arrested in November in an anti-graft "purge." The report details that the restructuring is expected to result in hundreds of layoffs. The subsidiaries that survive a review of 537 business units will continue under a new holding company, according to anonymous sources....

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