Mergers and acquisitions
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 to take the sandwich chain public again, citing market conditions. In November, the parent company of the sandwich chain, Caribou Coffee and Einstein Bros. […]
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General Motors calls off plan to sell India car plant to China’s Great Wall
A photo of workers in a car factory in India. General Motors (GM) said on Friday it had called off the sale of a shuttered Indian plant to China’s Great Wall Motor after they failed to obtain regulatory approvals, amid a tougher stance by New Delhi towards investments from Beijing. Amit Pasricha | IndiaPictures | […]
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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 up its leadership suite and ousts its CEO, the retailer said Wednesday it remains open to another big change: A potential sale of its baby […]
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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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