[ad_1] Investors bought up shares of Etsy Inc. on Thursday after the online crafts marketplace added to its board of directors a partner of hedge fund Elliott Investment Management L.P., which recently acquired a “sizable” stake in the company. Etsy ETSY, +9.31% said Marc Steinberg, who is responsible for public- and private-equity investments at Elliott, […]
[ad_1] Macy’s Inc. said Sunday it has rejected an unsolicited bid by Arkhouse Management and Brigade Capital Management to take the department-store chain private in a $5.8 billion deal, citing concerns over financing. In a statement, Macy’s M, -1.67% said Arkhouse and Brigade failed to address the board’s concerns over their ability to finance the […]
[ad_1] JetBlue Airways Corp. and Spirit Airlines Inc. said late Friday that they have appealed a court ruling that earlier this week blocked their planned merger. JetBlue JBLU, -1.19% and Spirit SAVE, +17.19% announced the appeal in a terse press release that provided no more details, adding only that the process is “consistent with the […]
[ad_1] Amazon’s $1.4 billion deal for Roomba-maker iRobot looks set to be blocked by European Union antitrust authorities. It’s only a small setback for the e-commerce giant but it’s a reminder that regulators are still skeptical over acquisitions made by big technology companies. Continue reading this article with a Barron’s subscription. View Options [ad_2] Source link
[ad_1] Spirit Airlines stock was falling again Thursday as the ultra-low-cost carrier’s predicament worsened. Continue reading this article with a Barron’s subscription. View Options [ad_2] Source link
[ad_1] In an effort to keep up in the accelerating AI arms race, cloud-services provider Hewlett Packard Enterprise Co. on Tuesday agreed to buy Juniper Networks, Inc. in a deal worth around $14 billion. Under the terms of the deal, Hewlett Packard Enterprises HPE, -8.92% will acquire Juniper JNPR, +21.81% — which makes communications-networking products […]
[ad_1] Updated Jan. 8, 2024 6:31 pm ET Hewlett Packard Enterprise is in advanced talks to buy Juniper Networks for about $13 billion, in a bid to better position the nearly 100-year-old technology company in the era of artificial intelligence. A deal between the two companies could be announced as soon as this week, according […]
[ad_1] Bristol Myers Squibb will acquire radiopharmaceutical therapeutics company RayzeBio for $62.50 a share in cash. Continue reading this article with a Barron’s subscription. View Options [ad_2] Source link
[ad_1] Shares of Ansys Inc. soared 18% in trading Friday on reports the company is in discussions to be acquired by Synopsys Inc. in a deal that would create a design-software behemoth. The potential deal would kick off 2024 with a mega-merger, even as the Federal Trade Commission attempts to crack down on such transactions. […]
[ad_1] U.S. Steel Stock Soars on $14.9 Billion Acquisition by Nippon Steel [ad_2] Source link
[ad_1] Videogame maker Activision Blizzard has agreed to pay nearly $55 million to settle a California civil-rights lawsuit brought over complaints of sexual harassment, discrimination and pay disparities by women employees that helped trigger the company’s acquisition by Microsoft. The settlement, announced by the California Civil Rights Department on Friday evening, resolves the lawsuit filed […]
[ad_1] Updated Dec. 10, 2023 4:47 pm ET Cigna Group abandoned its pursuit of a tie-up with Humana after shareholders balked at a deal that would have created a roughly $140 billion giant in the health-insurance industry. The companies couldn’t come to agreement on price and other financial terms, according to people familiar with the […]
[ad_1] Updated Nov. 28, 2023 12:54 am ET Broadcom Chief Executive Hock Tan shelled out $40,000 to sit at Xi Jinping’s table for the Chinese leader’s recent dinner in San Francisco with the heads of American businesses. Tan had a lot more at stake—a $69 billion deal he was waiting on China to approve. For […]
[ad_1] BERLIN—Bayer Chief Executive Bill Anderson said the company would bounce back quickly from a recent spate of bad news, and warned that a breakup of the pharmaceutical and agricultural company was no universal cure for its ailments. A stream of negative news has rekindled calls from investors for Bayer to unlock value by spinning […]
[ad_1] Stock futures pointed higher Friday as Wall Street returned for a shortened trading session following the Thanksgiving holiday. Retailers will be in focus on Black Friday, which marks the unofficial start to the Christmas shopping season. [ad_2] Source link
[ad_1] By Miriam Mukuru UBS Group issues $3.5 billion in Additional Tier 1 bonds in the first issuance since the acquisition of Credit Suisse. It is comprised of two tranches of $1.75 billion of 9.25% perpetual notes redeemable at the option of UBS after five years and $1.75 billion of 9.25% perpetual notes redeemable after […]
[ad_1] Updated Oct. 23, 2023 5:58 am ET Chevron said it would buy Hess in an all-stock deal worth $53 billion, in the latest sign of consolidation in an oil-and-gas industry flush with cash. The U.S. energy giant said buying Hess would upgrade and diversify its portfolio, adding a large oil asset in Guyana and […]
[ad_1] When Eyal Waldman thinks of his youngest daughter and her boyfriend, he sees them dancing. “Danielle and Noam loved dancing, and I hope they continue dancing somewhere up there,” Eyal Waldman told MarketWatch. Danielle Waldman and Noam Shay were killed at a music festival in southern Israel last week, part of a campaign by […]
[ad_1] By Kim Mackrael Microsoft’s acquisition of videogame company Activision Blizzard won approval from U.K. competition authorities, clearing a path for the companies to close the $75 billion deal after a lengthy struggle with regulators. The U.K.’s Competition and Markets Authority said Friday that the proposed deal no longer poses a major threat to competition […]
[ad_1] Exxon Mobil Corp. confirmed Wednesday an agreement to buy shale driller Pioneer Natural Resources Co. in an all-stock deal valued at $59.5 billion, or $64.5 billion including debt. “Pioneer is a clear leader in the Permian with a unique asset base and people with deep industry knowledge,” said Exxon Mobil Chief Executive Darren Woods. […]
