Shares of Provention Bio soared Monday after the biopharmaceutical company agreed to be acquired by France’s Sanofi (SNY) for $25 a share, or about $2.9 billion. Provention Bio (ticker: PRVB), which f...
Tag: M&A
First Republic, Provention Bio, Roku, Illumina, Boeing, and More Market Movers
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barro...
Oil Sector Dealmaking Heats Up
Investment in oil and gas companies listed on the S&P 500 increased by more than 26% this past year, … [+] even as the index tumbled by 5% overall. getty Reports of the shine going off the o...
Baytex/Ranger Oil Combination First Of Its Kind In Almost A Year
An active drilling rig in the Eagle Ford Shale. getty Calgary-based Baytex Energy Corp. announced on Tuesday that is has agreed to acquire Eagle Ford Shale pure play Ranger Oil Corp. for $2.5 billion,...
Richer Than Elon Musk, He Bought Tiffany at a Tough Time. He’s Got a Gem Now.
There’s a reason Bernard Arnault is the world’s richest person. The chairman, CEO, and controlling shareholder of LVMH Moët Hennessy Louis Vuitton the world’s largest luxury-goods merchant, knows how ...
Leadership Wisdom From A Broadway Star
“Almost Famous” marquee, pictured January 28, 2023 Eric Pliner, 2023 On December 20th, producers of Almost Famous announced the closure of the Cameron Crowe-penned Broadway musical based o...
Mars Acquires Whole Fruit Chocolate Brand Trü Frü
Confectionery products from two of America’s largest confectionery groups Mars and Wrigley. (Photo … [+] by Johnny Green – PA Images/PA Images via Getty Images) PA Images via Getty I...
Aerojet Rocketdyne, Tesla, Microsoft, and More Stock Market Movers Monday
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barro...
Warner Bros. Discovery CEO Finding A Lot Of Skeletons In The Financial Closet
Photo by Frederick M. Brown/Getty Images. Getty Images Warner Bros. Discovery just announced a much larger than previously reported write-down on its library content, putting some investors on edge. I...
Former CNN Chief Jeff Zucker On The Hunt For Entertainment, Media & Sports Companies
Photo by J. Countess/Getty Images. Getty Images Jeff Zucker, who ran CNN for almost a decade, will manage $1 billion in capital being contributed from Abu Dhabi-backed International Media Investments,...
Horizon Therapeutics, Coupa Software, Rivian, and More Stock Market Movers
This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com. https://www.barro...
Paccar, Deere, and 10 More Companies That Raised Their Stock Dividends This Week
Text size Paccar said it will boost its regular dividend to 25 cents a share. Dreamstime Carrier Global, Deere , Zoetis , and Paccar were among the many large U.S. companies that declared dividend inc...
ESOPs Offer Relief in Today’s Constrained Financing Environment
In my 30 years as an investment banker to private and family-owned businesses, I have never seen the borrowing climate for deals change so sharply as it did in 2022. Financing for M&A and private ...
Battered SPACs and Closed-End Funds Finally Look Tempting. How Investors Can Play Them.
With apologies to the Bard, SPACs are now in disgrace with fortune and men’s eyes, along with other excesses, such as meme stocks and nonfungible tokens. But some special purpose acquisition companies...
Justin Sun says he is working on “solution” with FTX
Justin Sun, the billionaire founder of the Tron blockchain, said late on Nov. 9 that he is working on a solution with FTX, the crypto exchange engulfed in a liquidity crisis. In a tweet, Sun sai...
Binance bailed on FTX. It’s not the first time the firm has backed out of a deal
Binance pulled out of its deal to acquire FTX after reviewing the exchange’s financials. It’s not the first time it’s bailed on a deal. The skepticism was almost immediate foll...
Crypto lender BlockFi says products are ‘fully functional’ in wake of Binance, FTX deal
Crypto lending firm BlockFi says all of its products are “fully functional” following Binance’s announcement that it plans to acquire crypto firm FTX. FTX, which had been navi...
Microsoft Deal, Not Earnings, Is the Focus for Activision Stock
Wall Street barely reacted to Activision Blizzard’s third-quarter results on Monday because investors are much more focused its deal to be acquired by Microsoft for $69 billion in cash. Activision Bli...
Philip Morris Declares Victory in Bid for Swedish Match
Philip Morris International is pushing ahead with its takeover of smaller tobacco rival Swedish Match despite falling short of winning over shareholders with around 90% of the target’s stock. On Monda...
Judge Pauses Albertsons’ $4 Billion Special Dividend From Kroger Merger
A Washington judge has blocked Albertsons Cos. from paying out $4 billion in dividends while regulators review its proposed merger with Kroger. King County Superior Court Commissioner Henry Judson a...
DuPont Ends Rogers Acquisition. Blame China Regulators.
After a wild series of events, stock in materials giant DuPont rose while shares of DuPont’s almost-merger partner Rogers Corp. plummeted. Here’s what happened: DuPont (ticker: DD) on Tuesday complete...
Visa, Mastercard are ‘great defensive names’ for 2023, but PayPal and Coinbase stocks could be set for a rebound, analysts say
Whether you’re looking to scoop up some beaten-down bargains or trying to play it safe, analysts see potential in the payments sector heading into the new year. With a potential recession on many inve...