Tag: Acquisitions/Mergers

Dole IPO: 5 things to know about the newly-public fruit and vegetable giant

Dole Plc, the Dublin, Ireland-based fruit and vegetable giant, started trading Friday on the New York Stock Exchange under the ticker ‘DOLE,’ with shares falling...

IBM stock gains after earnings show second consecutive quarter of sales growth

International Business Machines Corp. reported revenue growth for a second consecutive quarter Monday afternoon, beating expectations and sending shares higher in extended trading. IBM  IBM,...

Extra Credit: How debt can mean a tax advantage for some and jail time for others

Hello and welcome back to Extra Credit, a weekly look at the news through the lens of debt!  This week we’re tackling the economic forces...

European stocks headed for fourth-straight monthly win, but softer Asian data, holidays weigh

European stocks were headed for the fourth straight month of gains for May, but the month was winding down on a lackluster note Monday after...

German property giants announce $22 billion merger to ‘tackle’ housing crisis

Germany’s two biggest listed residential property groups, Vonovia and Deutsche Wohnen, have agreed to merge in an €18 billion ($22 billion) deal that will create...

Caesars loses more than $400 million in a quarter, and that is an improvement

Caesars Entertainment Inc. continued to battle its way back from the COVID-19 pandemic at the start of 2021, pushing quarterly losses under half a billion...

Virgin Galactic, DraftKings to amend financials post SEC guidance for SPACs

Virgin Galactic Holdings Inc. and DraftKings Inc., two of the biggest names to become public through “blank-check” companies in recent years, said Friday they will...

Nvidia steps up competition with Intel and AMD with first data-center CPU, based on Arm

Nvidia Corp. is stepping up its artificial-intelligence competition with Intel Corp. and Advanced Micro Devices Inc. by introducing a new central processing unit to crunch...

The recession is over in all but name. Why a retreat for stocks might be fast approaching, according to Deutsche Bank.

The organization that in the U.S. says whether the economy is in a recession or not seems to be asleep on the job. The National...

SoftBank snaps up $2.8 billion stake in Norway robotics firm

Japanese investment giant SoftBank has agreed to pay $2.8 billion for a 40% stake in Norwegian warehouse automation company AutoStore. SoftBank SFTBY, +4.87% will buy...

Regulator objects to $9.2 billion sale of eBay arm in the latest move to protect online competition

In the latest move from regulators to protect competition in online marketplaces, the U.K.’s Competition and Markets Authority, or CMA, has objected to the sale...

Europe joins Wall Street’s boom in ‘blank-check’ companies

It’s the monster trend on Wall Street. Now it’s crossed the Atlantic. LVMH MC, -0.34% founder Bernard Arnault and former UniCredit UCG, -0.09% chief Jean-Pierre...

Archer Aviation gets a $1 billion order from United Airlines, on the same day it announces a deal to go public

Archer Aviation Inc. said Wednesday that United Airlines Holdings Inc. placed a $1 billion order for its all-electric vertical take-off and landing aircraft (eVTOL), on...

Apple supplier Dialog Semiconductor snapped up by Japanese tech giant for $6 billion

Shares in Dialog Semiconductor 0OLN, +5.98% soared 21% on Monday, after Japan’s Renesas Electronics snapped up the U.K.-listed Apple supplier for €4.9 billion ($5.9 billion)....

Cannabis stocks rally anew as $7 billion GW Pharma deal spurs interest in weed and its medical benefits

Cannabis stocks rallied anew on Wednesday, spurred on by news of a $7 billion deal for the first company to win U.S. regulatory approval for...

Here are 3 lessons from the Carrefour mess for M&A buyers eyeing European preys

Canadian convenience store operator Couche Tard won’t acquire French retail giant Carrefour, as could have been predicted just hours after the two groups announced they...

Blackstone swoops on private-jet company with $4 billion cash takeover offer, amid collapse in global business travel

Shares in Signature Aviation SIG, -1.73% fell on Friday, just hours after the U.K. private-jet company announced that it is in talks with Blackstone about...

Why M&A is set to continue its hot streak in 2021

A surge in big-ticket mergers and acquisitions and a boom in initial public offerings saw the world’s largest investment banks pull in $87.5 billion in...

Bids to buy U.K. firms to get harder as ministers shut out ‘back door’ takeovers

U.K. business secretary Alok Sharma said the new bill will mean shutting out bidders “who could threaten the safety of the British people.” tolga akmen/Agence...

Prospect of Biden winning could spur deal-making rush ahead of tax hikes

A Biden administration could trigger a new round of deal making, as executives rush to close mergers and acquisitions ahead of corporate tax hikes, if...

McAfee IPO: 5 things to know about the security-software company

The McAfee logo is displayed at the Mobile World Congress in Barcelona in 2019. AFP/Getty Images McAfee Corp. shares fell short of their initial public...

The pandemic turned Postmates’ IPO plans into a bidding war between Uber and Wall Street

Postmates, which is being bought by Uber, has not turned a profit since its inception. Justin Sullivan/Getty Images On March 17, the day the San...

Antitrust questions bruise but don’t break Big Tech CEOs in historic hearing

It has been a bruising day for tech’s biggest names on Capitol Hill, but they didn’t break. The CEOs of Google parent Alphabet Inc. GOOGL,...

This blockbuster chip merger may take a while to pay off

The design of analog semiconductors has been called an art in which chip designers translate the fuzzy signals from the real world — not the...