Tag: mergers

Finance

Netflix Sent Warner Bros. Discovery Stock for a Dive. Execs Bought Up Shares.

04/29/2022
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Text size David Zaslav, president and CEO of Warner Bros. Discovery. Patrick T. Fallon/Bloomberg Warner Bros. Discovery stock has tumbled in the short time the company was formed from the merger of AT...

Finance

Stock of SPAC buying Truth Social jumps after Trump posts for first time in months

04/28/2022
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Shares of Digital World Acquisition Corp., the special purpose acquisition company that is buying the company behind Donald Trump’s Truth Social, soared in after-hours trading Thursday after Trump pos...

Finance

Boomers are leaving the stock market. Here’s what comes next, says this strategist.

04/28/2022
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Stocks are in the green for Thursday, with Facebook parent Meta Platforms in the driver’s seat after less disastrous than feared results. Gains are a bit less than what stock futures were promising th...

Finance

Opinion: Berkshire and Buffett have 5 words for sellers who want their money: ‘Take it or leave it’

04/28/2022
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As fans flock this weekend to Omaha, Neb. for Berkshire Hathaway’s annual shareholders meeting hosted by Chairman and CEO Warren Buffett, you may be wondering what all the fuss is about.  The answer: ...

Finance

Tesla Stock Is Pricing in $37 of Twitter Fear. Here’s How We Know.

04/28/2022
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Text size CEO of Tesla Motors Elon Musk Suzanne Cordeiro/AFP via Getty Images Tesla and Twitter stocks are linked, for at least a little while, as investors wonder how Tesla CEO Elon Musk will fund th...

Finance

Twitter Stock Falls on Fears Musk Might Abandon Deal

04/27/2022
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Text size One merger arbitrager says the Twitter deal’s conditions are “seller-friendly.” Scott Olson/Getty Images Twitter shares are falling Wednesday as investors worry that Elon M...

Finance

Twitter Stock Offers 9% Return to Musk’s Takeover Price After Tuesday’s Selloff

04/27/2022
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Text size Shares of Twitter fell about $2, meaning investors stand to make about 9% if Musk’s offer goes through. Scott Olson/Getty Images Twitter stock now offers a 9% return to Elon Musk’s tak...

Finance

Tesla Stock Dropped After Elon Musk’s Deal for Twitter. Blame Margin Borrowing.

04/26/2022
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Text size Elon Musk is taking Twitter private. Justin Sullivan/Getty Images Twitter shares are rising and Tesla stock is down in response to news that the Twitter board of directors accepted Tesla CEO...

Finance

Annaly Capital to Sell Middle- Market Lending Portfolio to Ares for About $2.4 Billion

04/25/2022
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Text size Ares currently has $314 billion assets under management, up from $25 billion in 2008. Dreamstime Ares Management Corp said Monday that it agreed to buy the middle-market lending portfolio of...

Finance

Twitter Sale to Musk Is Another Sign the Stock Market Is in Trouble

04/25/2022
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Twitter accepted an offer from Elon Musk to go private. David Paul Morris/Bloomberg Text size Twitter is getting bought out by Elon Musk—and for a price that looks too low. It could be a sign that the...

Finance

JCPenney owners offer $8.6 billion to acquire rival Kohl’s

04/25/2022
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The owners of JCPenney have made an offer to acquire archrival Kohl’s in a deal that could value the department-store chain at upwards of $8.6 billion, The Post has learned. Under the proposal, shoppi...

Finance

PS Business Parks to Be Bought for $7.6 Billion By Blackstone. The Stock Soars.

04/25/2022
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Text size Blackstone bought PS Business Parks shortly after acquiring American Campus Communities , a student-housing company. Dreamstime PS Business Parks stock soared on Monday after the commercial ...

Finance

Activision Blizzard’s Earnings Miss. Investors Care More About Microsoft Merger.

04/25/2022
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Text size Microsoft announced plans to purchase Activision Blizzard for about $69 billion, or $95 a share, in January. Patrick T. Fallon/Bloomberg Activision Blizzard stock was dipping on Monday after...

Finance

Twitter Re-Examines Elon Musk’s Bid, May Be More Receptive to a Deal

04/24/2022
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Twitter Inc. TWTR 3.93% is re-examining Elon Musk’s $43 billion takeover offer after the billionaire lined up financing for the bid, in a sign the social-media company could be more receptive to a dea...

Finance

Gap stock sinks 18%, heads for lowest close since July 2020

04/24/2022
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Gap Inc. stock plunged 18% in Friday trading after the company announced Old Navy’s Chief Executive Nancy Green is leaving the role, and the company lowered first-quarter sales expectations. Green is ...

Finance

Elon Musk Takes Major Step Toward Buying Twitter

04/22/2022
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The ongoing game of footsie between billionaire tech mogul Elon Musk and social media platform Twitter reached a new stage April 22, as Musk began major steps towards buying the company. The business ...

Finance

Apple gave investors more than $100 billion last year — how much more is coming?

04/22/2022
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Apple Inc. is getting ready to show investors the money. Apple’s AAPL, -2.78% Thursday afternoon earnings report not only will reveal how the consumer-electronics giant is managing supply-chain and ma...

Finance

For Ackman’s Pershing Square, a Record of Big Hits and Misses

04/22/2022
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Pershing Square Capital’s William Ackman has had some successes in recent years, but also some big flops, with Netflix being the latest example. Bryan Bedder/Getty Images for The New York Times ...

Finance

AT&T CEO John Stankey on the Dividend, Inflation, and Why to Buy the Stock

04/21/2022
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The focus is on 5G wireless and fiberoptic broadband services. DirecTV, WarnerMedia , Vrio, and Xandr all are gone or in the process of being divested. AT&T (ticker: T) completed the spinoff of it...

Finance

AT&T Shareholders Who Sell Warner Bros. Stock Face Tax Complexities

04/21/2022
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Text size AT&T shares have risen 10% since April 8. Stefani Reynolds / AFP via Getty Images Since the AT&T spinoff of its 71% stake in Warner Bros. Discovery to its shareholders on April 8, ma...

Finance

Why Bill Ackman gave up on Netflix just three months after buying the stock

04/21/2022
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Pershing Square Holdings Ltd. Chief Executive William Ackman, in a letter to shareholders, said Wednesday he sold the hedge fund’s investment in Netflix Inc. Ackman said he had high regard for Netflix...

Finance

Opinion: Do poison pills work? A finance expert explains the anti-takeover tool that Twitter hopes will keep Elon Musk at bay

04/19/2022
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Takeovers are usually friendly affairs. Corporate executives engage in top-secret talks, with one company or group of investors making a bid for another business. After some negotiating, the companies...

Finance

Musk Says Twitter’s Board Owns Almost No Stock. Here’s How It Compares With Tesla.

04/18/2022
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Twitter’s directors are granted $225,000 of restricted stock units, plus at least $50,000 in cash, annually. David Paul Morris/Bloomberg Text size Elon Musk questioned Twitter directors’ alignment wit...

Finance

Elon Musk Isn’t Going Away if Twitter Rejects Him. Here’s What He Might Pay.

04/18/2022
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Text size Elon Musk Scott Olson/Getty Images Even if the Twitter board rejects Tesla CEO Elon Musk’s offer to buy the social-media platform, he won’t go away immediately. There is more drama to come. ...

Finance

Berkshire Hathaway Is Likely to Buy Alleghany. No Rival Bids Emerged.

04/18/2022
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Text size Alleghany’s noninsurance operations include a toy business and a steel fabricator. Dreamstime It looks like Berkshire Hathaway will succeed in buying the insurer Alleghany for $11.6 bi...

Finance

What Is a Poison Pill? Twitter Adopts Defensive Move to Fend Off Elon Musk.

04/15/2022
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Elon Musk offered to buy Twitter for $43 billion. He currently has a 9.2% stake in Twitter. Photo by Christian Marquardt – Pool/Getty Images Text size Twitter adopted a so-called poison pill Fri...

Finance

Will Twitter Accept Elon Musk’s $43 Billion Offer? His Options If Twitter Says No.

04/15/2022
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Text size Tesla CEO Elon Musk. Patrick Pleul/POOL/AFP via Getty Images Elon Musk, the billionaire businessman, has some options if Twitter rejects his nearly $43 billion bid. Twitter (ticker: TWTR) co...

Finance

AT&T and WBD Stocks Both Look Attractive. Here’s Why.

04/15/2022
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Text size Barron’s praised AT&T’s Warner Bros. spinoff in a May 2021 cover story. Both stocks are attractive now. Justin Sullivan/Getty Images AT&T has officially closed the book on a tumultuo...

Finance

Warren Buffett Says He Is in Great Health With No Plans to Step Down as CEO

04/15/2022
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Text size Warren Buffett Paul Morigi/Getty Images for Fortune/Time Inc Warren Buffett says he is in excellent health and has no plans to step down as CEO of Berkshire Hathaway as he eagerly anticipate...

Finance

Sierra Oncology Stock Soars After $1.9 Billion Takeover by GSK

04/13/2022
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Text size The deal comes ahead of GlaxoSmithKline’s planned spinoff of its consumer health division in July. AFP via Getty Images GlaxoSmithKline has agreed to buy U.S. rare cancer therapy compa...