Text size Most SPAC-related stocks, including Virgin Galactic, haven’t been soaring in recent months. Courtesy Virgin Galactic Sometimes the best time to look for new investment ideas are when t...
Tag: Acquisitions/Mergers
Merck Looks Attractive, With or Without Seagen
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Warren Buffett’s Berkshire Hathaway Cleared to Buy as Much as Half of Occidental’s Shares
Warren Buffett’s Berkshire Hathaway has the green light from regulators to purchase as much as 50% of Occidental Petroleum Corp.’s shares, after seeking approval for such a transaction in July. In a r...
Warren Buffett Not Expected to Bid for Control of Occidental Following Stake Boost
Warren Buffett’s bid to boost his big stake in Occidental Petroleum even further isn’t expected to serve as a prelude to a full takeover of the resurgent energy company by the widely watched billionai...
Berkshire Hathaway Can Acquire Up to 50% of Occidental Petroleum, Filing Says
Text size Berkshire Hathaway currently has a 20% stake in Occidental. Callaghan O’Hare/Bloomberg Occidental Petroleum stock jumped Friday after Berkshire Hathaway got approval from the Federal E...
Weighed Down by Opioid Litigation, Endo International Files for Bankruptcy
Text size Dreamstime The generic drugmaker Endo International , which faces thousands of lawsuits related to its alleged role in the opioid crisis, filed for bankruptcy late Tuesday morning, while ann...
Unity Stock Tumbles After Board Rejects AppLovin’s $17.5 Billion Buyout Bid
Text size Unity Software doesn’t think AppLovin’s offer was in the best interests of its shareholders. David Paul Morris/Bloomberg Videogaming company Unity Software on Monday rejected Ap...
Unity Board Opposes AppLovin’s $17.5 Billion Buyout Offer
Updated Aug. 15, 2022 10:48 am ET Listen to article (2 minutes) Unity Software board has unanimously agreed that the $17.5 billion buyout offer from AppLovin isn’t in the best interests of shareholder...
Sinema took Wall Street money while killing tax on investors
Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equit...
Chicken Soup Completes Redbox Acquisition, Ending a Weird Meme-Stock Tale
Text size A Redbox video rental kiosk. Justin Sullivan/Getty Images Chicken Soup for the Soul Entertainment has finished its purchase of Redbox , winding up one of this year’s strangest meme-stock ep...
Redbox Stock Plunges After Shareholders OK Chicken Soup for the Soul Acquisition
Text size Redbox shares were down 40% in recent trading. Patrick T. Fallon/Bloomberg Redbox shareholders on Tuesday approved the company’s acquisition by Chicken Soup for the Soul Entertainment . The ...
Unity loses less than feared, trims outlook as Applovin makes $20 billion bid for software company
On the same day it received an offer to acquire the company for roughly $20 billion, Unity Software Inc. reported a loss that was less than feared and pulled back on its guidance for the year, and sha...
Redbox Is About to Be Acquired. The Stock Remains Crazily Overvalued.
Text size Redbox was hurt by a bet that theater releases of films would surge in a postpandemic world. Dreamstime The end is near for Redbox , and some investors are about to take a substantial hit as...
CVS Plans to Bid for Signify Health
CVS Health is seeking to buy Signify Health according to people familiar with the matter, as the drugstore and insurance giant looks to expand in home-health services. Signify Health is exploring stra...
Pfizer in Advanced Talks to Buy Global Blood Therapeutics for About $5 Billion
Pfizer is in advanced talks to buy Global Blood Therapeutics the maker of a recently approved drug for sickle-cell disease, for about $5 billion, in the latest move by the drug giant to bolster its po...
Warner Bros. Discovery stock slammed after earnings debut
In its first earnings report since bringing in HBO Max and other WarnerMedia properties, Warner Bros. Discovery Inc. on Thursday missed revenue expectations by roughly $2 billion and reported a large ...
Nikola to Buy Battery Maker Romeo Power for $144 Million
Listen to article (2 minutes) Electric-truck startup Nikola said it has agreed to buy battery-technology company Romeo Power in an all-stock deal that values Romeo at roughly $144 million. Nikola said...
A Spirit Deal Is Finally Here. Why J.P. Morgan Says Sell the Stock.
Text size Spirit stock is up more than 17% in 2022. Joe Raedle/Getty Images JetBlue reached a deal to purchase Spirit on Thursday, but while that company prepares to buy Spirit for $33.50 a share, J.P...
Paramount stock drops after bearish call by Goldman Sachs
Goldman Sachs weighed in with a skeptical view of Paramount Global Inc. Tuesday, writing that the current economic backdrop could complicate the media company’s streaming objectives. “We have not chan...
Buy Warner Bros. Discovery, But Sell Paramount, Goldman Says. Here’s Why.
Text size Combining and relaunching the HBO Max and Discovery+ services as well as cutting costs can be tough for WarnerMedia. Dreamstime Investors should buy Warner Bros. Discovery stock because the ...
Twitter Stock Is Downgraded. Analyst Needs Just One Sentence to Explain Why.
Text size Twitter stock is downgraded given uncertainty over the company’s pending acquisition by Elon Musk. Justin Sullivan/Getty Images Twitter stock received another downgrade on Friday, fuel...