Twitter (TWTR) shareholders overwhelmingly approved the company’s planned $44 billion sale to Elon Musk on Sept. 13, but there appears to have been a notable absence in the proceedings. According to...
Tag: mergers and acquisitions
Musk’s $44 billion buyout of Twitter accepted by shareholders ahead of trial
Twitter Inc, shareholders voted to approve a proposed $44 billion buyout of the company by billionaire Elon Musk, Bloomberg reported. A preliminary vote held Tuesday saw a majority of shareholders sup...
Occidental Stock Jumps As Warren Buffett Adds to $16 Billon Stake
Occidental Petroleum (OXY) shares jumped higher Monday after billionaire investor Warren Buffett added to both his stake in the oil major and speculation that he may be preparing to buy at least hal...
CVS to buy home health giant Signify Health for about $8 billion
CVS Health has reached a deal to acquire in-home health-care company Signify Health for about $8 billion, the companies said Monday. CVS said it will pay $30.50 a share in cash for Signify, an acquisi...
Reebok owner Authentic Brands strikes $254 million deal for Ted Baker
A branch of Ted Baker stands on Regent Street in London, England. Jack Taylor | Getty Images News | Getty Images Authentic Brands Group, the retail conglomerate that owns businesses including Reebok, ...
B2B blockchain payments firm Paystand buys Mexico’s Yaydoo: Axios
Paystand, a US blockchain-enabled B2B payments firm, bought Mexican accounts payable startup Yaydoo, Axios reported. No deal terms were disclosed. The companies did not immediately return requests for...
PepsiCo takes $550 million stake in energy drink maker Celsius
Celsius Energy Drinks Courtesy: Celsius Holdings PepsiCo announced Monday a $550 million investment in energy drink maker Celsius Holdings as part of a long-term distribution deal with the smaller com...
Berkshire’s Munger Finds a ‘Soulmate’
Berkshire Hathaway’s Charlie Munger, who has worked alongside Warren Buffett for several decades, made a private investment in a Melbourne-based investment company because its founder is a ̶...
These new ETFs are burning the midnight oil to make investors money
Two new ETFs out this summer are working the overnight shift. The NightShares 500 [NSPY] and NightShares 2000 ETFs [NIWM] are doing something no ETF has done before: Take advantage of the so-called &#...
Seagen Stock Leaps On Report Of $40 Billion Takeover By Merck
Seagen (SGEN) – Get Seagen Inc. Report shares powered higher Thursday following a report from the Wall Street Journal that it’s in advanced takeover talks with drugmaker Merck & Co. ...
Crypto lender Nexo offers to buy embattled rival Vauld
Bitcoin, the world’s biggest cryptocurrency, is down more than 50% since the start of 2022. Nurphoto | Getty Images Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger...
Panera Bread terminates SPAC deal with Danny Meyer’s investment group
Florida, Spring Hill, Nature Coast Commons, shopping mall, Panera Bread bakery. Jeff Greenberg | Universal Images Group | Getty Images Danny Meyer’s SPAC and Panera Bread have called off a deal ...
Bed Bath & Beyond says it’s still open to selling its Buybuy Baby division
A view of the atmosphere during the Whitney Port & Bundle Organics #MomAsYouAre buybuyBABY product launch in Torrance, California. Randy Shropshire | Getty Images As Bed Bath & Beyond shakes u...
Wall Street layoffs likely ahead as two-year hiring boom turns to bust
People walk by the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images Less than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and ...
Polestar (PSNY) stock debuts on Nasdaq after SPAC merger
Shares of Polestar made their public-market debut under the ticker “PSNY” on Friday, making it the latest electric vehicle maker to go public via a merger with a special purpose acquisitio...
Warren asks bank regulator to reject TD deal after customer-abuse report
Sen. Elizabeth Warren, D-Mass., speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in Dirksen Building on Tuesday, Octob...
Elon Musk Threatens Twitter Deal, Wants Proof on Fake Account Data
Updated at 12:50 pm EST Twitter (TWTR) – Get Twitter, Inc. Report shares slumped lower Monday after Tesla (TSLA) – Get Tesla Inc Report CEO Elon Musk doubled-down on his challenge to the...
Chinese electric car start-up WM Motor files to go public in Hong Kong
Chinese electric car company WM Motor, or Weltmeister, filed Wednesday to go public in Hong Kong. Pictured here is one of the company’s cars in a shopping mall in Shanghai. Future Publishing | F...