Mergers and acquisitions
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 IPOs. Now, thanks to a confluence of factors that have cast a pall over markets and caused most deal […]
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Zendesk to be acquired by investor group for $10.2 billion
Zendesk co-founder and CEO Mikkel Svane Eric Piermont | AFP | Getty Images Customer experience software company Zendesk agreed to be acquired by an investor group in an all-cash transaction valuing it at around $10.2 billion, the company announced Friday. The deal, led by investment firms Permira and Hellman & Friedman, will give shareholders $77.50 […]
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Polestar set to become latest electric vehicle maker to go public via SPAC merger
Shares of Polestar are set to debut under the ticker “PSNY” on Friday, making it the latest electric vehicle maker to go public via a merger with a special purpose acquisition company, or SPAC. Polestar said its stock will begin trading on the Nasdaq exchange after it completed its merger with the SPAC Gores Guggenheim. […]
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Bidders weigh offers valuing Toshiba at up to $22 billion: Reuters, citing sources
The logo of Japanese industrial group Toshiba is seen on top of a building at its headquarters in Tokyo on November 12, 2021. Bidders for Toshiba are considering offering up to 7,000 yen ($51.41) per share to take the troubled Japanese conglomerate private, three people familiar with the situation told Reuters, valuing the deal at […]
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Elon Musk says 3 issues need to be resolved before his Twitter buyout can go ahead
In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Elon Musk says there are three main hurdles to overcome before he can complete his purchase of Twitter. Musk is seeking to buy Twitter for $44 billion, […]
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Sen. Warren asks bank regulator to reject TD’s $13.4 billion acquisition 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, October 26, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Lawmakers led by Sen. Elizabeth Warren asked a key regulator to block Toronto-Dominion […]
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Signs point to biotech M&A heating up, Wells Fargo says. Here’s where to look
The pace of biotech deals is likely to pick up, but investors should think about smaller targets, said Wells Fargo analyst Mohit Bansal. Bansal called out both enticing valuations for small- and mid-cap biotech companies, which are now trading at an enterprise value of about one times cash, on average, and a tough regulatory environment […]
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Blackstone closes in on $6.3 billion bid for Crown Resorts after Australian regulatory approvals
Blackstone offices in New York City. Australian gambling regulators have cleared private equity giant Blackstone to run the troubled casinos of Crown Resorts in the country’s two largest cities, a crucial but largely expected step in its $6.3 billion buyout. Erik Mcgregor | Lightrocket | Getty Images Australian gambling regulators have cleared private equity giant […]
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Spirit Airlines postpones special meeting on Frontier deal
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Spirit Airlines has postponed its shareholder vote scheduled for Friday to consider its tentative agreement to merge with Frontier Airlines. CNBC’s Phil LeBeau joins ‘Squawk Box’ with the details. Source
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Watch CNBC’s full interview with JetBlue Airlines CEO Robin Hayes
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email JetBlue Airlines CEO Robin Hayes sits down with CNBC’s Phil LeBeau to discuss the company’s enhanced deal for Spirit Airlines amid its planned merger with Frontier Airlines. Hayes also reacts to concerns that a potential deal between JetBlue and Spirit would face […]
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