Zendesk Inc. is close to a deal with a group of buyout firms, according to people familiar with the matter, resurrecting a failed attempt to sell itself in what would be one of the biggest private-equ...
Tag: Acquisitions/Mergers
Polestar shares expected to debut Friday on Nasdaq after SPAC deal approved
Shares of electric vehicle company Polestar are expected to debut on the Nasdaq on June 24, after shareholders of special purpose acquisition company Gores Guggenheim Inc. GGPI, +11.87% approved the p...
Polestar, a New EV Company, Arrives This Week. It’s Worth More Than Rivian.
Text size Polestar expects to ship 50,000 electric vehicles in 2022 and 124,000 in 2023. Courtesy Polestar Polestar, the electric vehicle maker being spun out of Volvo Car , should begin trading on Fr...
A New EV Company Arrives This Week. It’s Worth More Than Rivian.
Text size Polestar expects to ship 50,000 electric vehicles in 2022 and 124,000 in 2023. Courtesy Polestar Polestar, the electric vehicle maker being spun out of Volvo Car (ticker: VOLCARB.Sweden), sh...
JetBlue Sweetens Its Offer for Spirit Airlines
Text size The Spirit board has already approved the Frontier cash and stock offer. Daniel Slim/AFP via Getty Images JetBlue further sweetened its offer for Spirit Airlines to $33.50 per share on Monda...
Oracle Stock Looks Like a Buy Even in a Recession
Text size Oracle expects its cloud business to grow at least 30% in its next fiscal year. David Paul Morris/Bloomberg Amid a devilish brew of rising rates, high inflation, and recession fears, the tec...
NRG Energy, Post Holdings and Other Stocks That May Be Takeover Targets in 2022
Text size Retail energy provider NRG Energy could be a takeover target in 2022, according to a report from Citigroup. Scott Olson/Getty Images With stocks in a bear market, mergers aren’t likely to pi...
Disney’s Abrupt Firing of Top TV Exec Just the Latest Drama Stock Doesn’t Need
Text size Peter Rice joined Disney in 2019. Arturo Holmes/Getty Images A top executive at Walt Disney is leaving nearly a year after renewing his contract in what might be just the latest headache for...
Kohl’s Suitor Wants to Buy the Chain by Selling Kohl’s Properties
Kohl’s beat back activists and is in talks to be sold for around $8 billion. But its suitor could bring a new set of challenges for the department-store chain. Franchise Group which owns the Vitamin S...
Kohl’s Stock Rises on Takeover Bids. The Offers Show Scars of the Retail Rout.
Text size *** ONE-TIME USE *** The Kohl’s logo is displayed on the exterior of a Kohl’s store on Jan. 24, 2022 in San Rafael, California. Justin Sullivan/Getty Images Kohl’s stock rose Fri...
Turning Point Stock Doubles on Bristol Deal. What It Means for Biotech M&A.
Text size Photograph by Georges Gobet/AFP/Getty Images Turning Point Therapeutics stock has more than doubled after Bristol Myers Squibb announced that it had agreed to buy the company. It’s just the ...
$6 a Gallon Gasoline? Here’s How It Could Happen.
Illustration by Elias Stein Text size U.S. gasoline prices are at record highs, averaging more than $4.50 per gallon at the pump, and surpassing $4 in all 50 states for the first time. But, says Natas...
Warren Buffett’s Berkshire Hathaway reveals new stakes in Paramount, Citigroup
OMAHA, Neb. — Warren Buffett’s company on Monday revealed all the investment moves it made in the first quarter, when it spent more than $51 billion on stocks. But Buffett had already shared the bigge...
Diamondback Energy Agrees to Buy Rattler Midstream for $2.2 Billion
Text size The energy landscape has transformed dramatically since Rattler was taken public in 2019. Callaghan O’Hare/Bloomberg Rattler Midstream shares soared on Monday after the company announc...
JetBlue to Launch Tender Offer for Spirit, Urge Shareholders to Vote Against Frontier Deal
JetBlue Airways Corp. said it plans to launch a hostile takeover attempt for discount carrier Spirit Airlines Inc. after Spirit rejected JetBlue’s $3.6 billion offer in favor of an existing deal with ...
Fisker and Foxconn confirm compact EV will be built at Lordstown plant
Fisker Inc. confirmed Thursday that Foxconn will build its second car, a compact EV, at a newly acquired plant in Lordstown, Ohio. The Fisker FSR, +12.55% Pear will enter production in 2024 and cost a...
Broadcom Stock Has Gained on VMware Takeover. Its Dividend Could Rise 20%.
Text size Truist analyst William Stein calculates that Broadcom could raise its dividend by over 20% this year. Remus Rigo/Dreamstime.com The stock market has had a mixed reaction to Broadcom ’s inten...