Mergers and acquisitions
Lineage begins trading in the market’s largest IPO of 2024
Lineage, the largest temperature-controlled warehouse real estate investment trust (REIT) in the world, rose by as much as 5% in its Nasdaq Stock Market debut on Thursday, after going public under the ticker symbol “LINE.” Lineage priced 57 million shares at $78 apiece on Wednesday, near the top of its initial $70 to $82 target range. […]
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Wiz walks away from $23 billion deal with Google, will pursue IPO
Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant’s largest-ever deal, telling employees it would pursue an initial public offering as it initially planned. “Saying no to such humbling offers is tough,” Wiz co-founder Assaf Rappaport said in a memo obtained by […]
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Activist Elliott reportedly has a significant stake in Starbucks, in talks with management
A Starbucks coffee shop in Amsterdam. Nicolas Economou | Nurphoto | Getty Images Elliott Management has taken a significant stake in coffee chain Starbucks and is engaging with management to find ways to improve the company’s share price, the Wall Street Journal reported Friday, citing people familiar with the matter. Representatives for Elliott declined to […]
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Darden Restaurants to acquire Chuy’s for approximately $605 million
Igor Golovniov | Getty Images Darden Restaurants will acquire Chuy’s Holdings for approximately $605 million in cash, the companies announced jointly on Wednesday. Darden agreed to acquire all outstanding shares of Chuy’s at $37.50 per share, according to a press release. The Tex-Mex restaurant chain joins Darden’s portfolio that includes restaurants such as Olive Garden, […]
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UK launches new rules for listings in bid to boost growth for London’s stock exchange
A general view of a dragon boundary mark and the City of London skyline, the capital’s financial district, as the Bank of England raises UK interest rates to 4%. Vuk Valcic Sopa Images | Lightrocket | Getty Images The U.K.’s Financial Conduct Authority announced Thursday new rules for the country’s stock market listings in a […]
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Shares of Stellar Blade maker Shift Up surge almost 50% on trading debut
Hyung-Tae Kim, chief executive officer of Shift Up Corp., strikes the drum during the company’s listing ceremony at the Korea Exchange (KRX) in Seoul, South Korea, on Thursday, July 11, 2024. Game developer Shift Up is known for its mobile and computer games that include Goddess of Victory: Nikke and console game Stellar Blade. Bloomberg […]
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HubSpot shares plunge 11% on report that Alphabet is shelving interest in acquiring software company
HubSpot CEO Yamini Rangan speaks at the company’s Inbound conference in Boston on Sept. 6, 2023. Chance Yeh | HubSpot | Getty Images HubSpot shares plunged 11% on Wednesday after a report said Alphabet isn’t going forward with plans to buy the software company. According to Bloomberg, Alphabet was in talks with HubSpot earlier this […]
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Southeast Asia’s IPO current market fell significantly in the initially 50 percent, but AI listings could revive it
Panoramic watch of city landscape in Bangkok Thailand Primeimages | E+ | Getty Photos Southeast Asia’s IPO market declined noticeably in the to start with six months of 2024, with industry capitalization plunging 71% to $5.8 billion, a report from Deloitte confirmed. The region observed only 67 initial community choices in the 1st half, with […]
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Southwest Airlines shareholders puzzled by Elliott’s activism can look to past campaigns for insight
Travelers wait to check in at the Southwest Airlines counter at Oakland International Airport in Oakland, California, Dec. 27, 2022. David Paul Morris | Bloomberg | Getty Images After Elliott Management revealed a $1.9 billion stake in Southwest Airlines in June, an initial rally in the stock quickly fizzled. Rather than sparking typical cheer on […]
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Southwest Airways adopts ‘poison pill’ to fend off activist Elliott Management
A Southwest Airlines jet is parked Ellison Onizuka Kona Worldwide Airport at Kehole awaiting travellers on January 20, 2024 in Kailua-Kona, Hawaii. Kevin Carter | Getty Pictures Southwest Airlines mentioned Wednesday that it has adopted a shareholder rights prepare, a lot more typically acknowledged as a “poison pill,” in reaction to activist Elliott Management’s expense […]
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