Mergers and acquisitions
Hong Kong’s IPO market expected to rebound in 2023, but the most important one so considerably flopped in its debut
The Hong Kong Inventory Exchange in Hong Kong, China, on Wednesday, July 13, 2022. Paul Yeung | Bloomberg | Getty Pictures Hong Kong’s major IPO so significantly this year flopped previous 7 days suggesting the marketplace even now requirements time to rebound, regardless of good symptoms pointing to a restoration. The providing raised $675.2 million, […]
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Olive Garden parent Darden Restaurants bets on fine dining with $715 million Ruth’s Chris deal
A Ruth’s Chris Steak House in Miami, May 3, 2023. Joe Raedle | Getty Images News | Getty Images Olive Garden owner Darden Restaurants is betting on fine dining with its $715 million acquisition of Ruth’s Chris Steak House. The company’s announcement on Wednesday that it’s adding another fine-dining restaurant to its portfolio surprised some. […]
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Adobe’s $20 billion Figma buyout offer underneath British isles levels of competition watchdog scanner
The Adobe Units symbol is exhibited outside a single of the company’s places of work. David Paul Morris | Bloomberg | Getty Illustrations or photos Britain’s competition watchdog stated on Wednesday it was on the lookout into Adobe Inc‘s $20 billion buyout deal for cloud-centered designer platform Figma to locate if it could guide to […]
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Olive Garden owner Darden Restaurants buys Ruth’s Chris Steak House for $715 million
A pedestrian wearing a protective mask walks past a Ruth’s Chris restaurant in Washington, D.C., on Monday, April 20, 2020. Andrew Harrer | Bloomberg via Getty Images Darden Restaurants said Wednesday it is buying Ruth’s Hospitality Group, the parent company of Ruth’s Chris Steak House, for $715 million. The deal values Ruth’s at $21.50 per […]
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‘Other issues may possibly be lurking’: Strategist is unconvinced by Jamie Dimon’s bank disaster remarks
Personnel are noticed inside of a First Republic Lender workplace on Might 01, 2023 in San Francisco, California. Justin Sullivan | Getty Images JPMorgan Chase CEO Jamie Dimon’s assertion that latest turmoil in the banking sector was proficiently finished by the resolution of 1st Republic could be premature, just one analyst suggested. The Wall Avenue […]
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Subway reportedly comes up with $5 billion financial debt system to clinch $10 billion-as well as sale
An exterior check out of a Subway sandwich shop in Danville, Pennsylvania on Jan. 28, 2023. Paul Weaver | SOPA Photographs | LightRocket | Getty Photographs The bankers jogging the sale process for Subway have offered the private fairness firms vying for the sandwich chain a $5 billion acquisition funding program, hoping to defeat a demanding natural environment for […]
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SoftBank’s Arm registers for blockbuster U.S. IPO
Billionaire Masayoshi Son, chairman and chief government officer of SoftBank Group Corp., speaks in front of a monitor exhibiting the ARM Holdings emblem through a news meeting in Tokyo on July 28, 2016. Tomohiro Ohsumi | Bloomberg | Getty Visuals SoftBank Team Corp’s chip maker Arm has submitted with regulators confidentially for a U.S. inventory […]
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Illumina CEO touts Grail’s 100% revenue growth amid proxy fight with Icahn
Illumina CEO Francis deSouza on Wednesday touted the company’s controversial acquisition of Grail after revenue from the cancer test developer doubled in the last year. The Grail deal is the focus of a heated proxy fight between Illumina and activist investor Carl Icahn. Antitrust regulators in the U.S. and Europe have also ordered Illumina to […]
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Britain blocks Microsoft’s $69 billion acquisition of Activision Blizzard
An Activision Blizzard’s Contact of Responsibility: Modern day Warfare video clip video game is inserted into the Microsoft’s Xbox One video clip video game console organized in Denver, Colorado, on Wednesday, Jan. 19, 2022. Michael Ciaglo | Bloomberg | Getty Photographs LONDON — Britain’s prime competitors regulator on Wednesday moved to block Microsoft‘s acquisition of […]
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Illumina unveils plans to cut costs as it faces shrinking margins
A building on the campus at the world headquarters of Illumina is shown in San Diego, California, September 1, 2021. Mike Blake | Reuters Illumina on Tuesday unveiled plans to cut costs in a bid to improve the DNA sequencing company’s shrinking margins. The plans aim to reduce Illumina’s annualized run rate expenses by more […]
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