New Jersey Warns Against Trump’s Federal Employee Buyout Program
Attorney General Warns Against Misleading Federal Employee Buyout Program **TRENTON, NJ** – New Jersey Attorney General Matthew J. Platkin has joined a coalition of 11 attorneys general to caution federal employees about…
Liontown extends due diligence for $4.2 billion Albemarle buyout
MELBOURNE (Reuters) -Australia’s Liontown Resources on Thursday said it would extend an exclusive due diligence period by a week for its proposed A$6.6 billion ($4.23 billion) buyout by U.S.-based Albemarle, even as…
Beatles copyright owner shares soar after buyout offer
LONDON (Reuters) – Shares in Round Hill Music Royalty Fund, which owns the copyrights to work of major artists such as the Beatles, soared as much as 67% on Friday after a…
Albemarle aims to close buyout of lithium developer Liontown by mid-2024
(Reuters) -Albemarle, the world’s largest lithium producer, aims to close its buyout of junior Australian rival Liontown Resources by the middle of 2024, its chief executive said on Tuesday. Albemarle earlier this…
Australia’s InvoCare agrees to revised $1.2 billion buyout offer from TPG
By Rishav Chatterjee (Reuters) -Australia’s InvoCare Ltd said on Wednesday it has agreed to a lower takeover offer from U.S. private-equity firm TPG Global, valuing the funeral service provider at A$1.8 billion…
Australia’s Pacific Current receives $388 million buyout offer from Regal Partners
(Reuters) – Australia’s Pacific Current Group received a non-binding buyout proposal from Regal Partners Ltd, which values the asset manager at A$573.5 million ($388.1 million), the companies said on Wednesday. Under the…
Elon Musk sues Wachtell law firm to recoup fees from Twitter buyout
By Jonathan Stempel (Reuters) – Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter for defeating…
Buyout firm Kelso explores sales of Augusta Sportswear -sources
By Abigail Summerville NEW YORK (Reuters) – Private equity firm Kelso & Co is exploring a sale of Augusta Sportswear Brands in a deal that could value the U.S. catalog seller of…
U.S. regulators grant approvals for TIAA’s bank deal with buyout firms
By Pete Schroeder and David French (Reuters) -Two U.S. regulators have approved the sale of a majority stake in TIAA’s banking arm to a consortium of private equity firms, a TIAA spokesperson…
Newcrest extends exclusivity period for Newmont’s $20 billion buyout offer
(Reuters) -Newcrest Mining Ltd said on Friday it has extended the exclusivity period by a week for Newmont Corp to complete its due diligence on its A$29.4 billion ($19.94 billion) final takeover…
‘Quest For World Domination’: GOP Lawmakers Sound The Alarm On Chinese Buyout Of Massive Tutoring Companies
‘Quest For World Domination’: GOP Lawmakers Sound The Alarm On Chinese Buyout Of Massive Tutoring Companies Reagan Reese on May 9, 2023 Primavera Capital Group, based in Hong Kong, quietly bought Princeton…
Twitter makes first interest payment on Musk buyout debt -sources
NEW YORK (Reuters) – Twitter Inc has made its first interest payment on a loan that banks provided to help finance billionaire Elon Musk’s purchase of the social media company last year,…
Kushner Cos denies dropping Veris buyout interest
(Reuters) -Kushner Companies on Thursday denied informing Veris Residential Inc it was not interested in pursuing an acquisition of the multifamily rental property developer. Real estate investment trust (REIT) Veris said on…
Media startup Semafor plans buyout of Sam Bankman-Fried’s investment – NYT
(Reuters) – Semafor is planning to buy out FTX founder Sam Bankman-Fried’s roughly $10 million investment in the news startup, the New York Times reported on Wednesday, citing the company’s chief executive…
Investor in Musk’s Twitter buyout expects to make up to five times its money
By Milana Vinn (Reuters) – Aliya Capital Partners LLC, one of the biggest investors that joined Elon Musk’s $44-billion acquisition of Twitter Inc, said on Tuesday it expects to make up to…
Toshiba’s preferred bidder moving closer to securing financing for buyout -sources
(This Dec. 8 story has been corrected to show that valuation does not include debt, but buyout would be partly funded by loans by the banks, in paragraph 4) By Makiko Yamazaki,…
Turquoise Hill shareholders approve Rio Tinto’s $3.3 billion buyout bid
(Reuters) -Shareholders of Canada’s Turquoise Hill on Friday voted in favour of Rio Tinto’s $3.3 billion bid to take it private and gain direct control over a giant Mongolian copper mine. Turquoise…
Atlantia set to be delisted as buyout bid reaches 90% threshold
MILAN (Reuters) -A buyout offer launched by the Benetton family and U.S. investment fund Blackstone for Italy’s Atlantia has reached the 90% threshold for the deal to proceed and trigger the company’s…
Banks fund Tenneco buyout after failed sale attempt
By Matt Tracy WASHINGTON (Reuters) – A group of banks led by Bank of America and Citigroup have funded Apollo Global Management’s acquisition of auto parts supplier Tenneco without being able to…
State-backed Toshiba suitor boosts buyout fund size to $6 billion-plus
By Takaya Yamaguchi and Makiko Yamazaki TOKYO (Reuters) – Japan Investment Corp (JIC), a potential bidder for Toshiba Corp, has expanded the size of its buyout fund by 4.5 times to 900…
Turquoise Hill delays shareholder meet on $3.3 billion Rio Tinto buyout
(Reuters) – Canadian miner Turquoise Hill Resources Ltd said on Tuesday it would delay by a week to Nov. 8 a special shareholder meeting to vote on a proposed takeover by Rio…
Brazil’s Eletrobras offers buyout to cut over 2,300 jobs, a fifth of workforce
SAO PAULO (Reuters) – Brazil’s electricity company Eletrobras offered on Friday a voluntary buyout to well over 2,000 people representing roughly 22% of its workforce, in a first major cost cutting move…
Japan Industrial Partners-led group likely to miss lending deadline for Toshiba buyout -Kyodo
TOKYO (Reuters) -The preferred bidder to buy out Toshiba Corp, a group led by private equity firm Japan Industrial Partners (JIP), is likely to miss the deadline to secure bank loans for…
Orix can invest about $2 billion in Toshiba buyout – Nikkei Business
TOKYO (Reuters) -Orix Corp has decided it could invest about 300 billion yen ($2 billion) in a consortium to buy out Japanese industrial conglomerate Toshiba Corp, the Nikkei Business magazine reported on…
Turquoise Hill investor SailingStone to vote against Rio’s buyout bid
(Reuters) – SailingStone Capital Partners, the fifth-biggest investor in Turquoise Hill Resources Ltd, said on Friday it will vote against Rio Tinto Group’s bid to buy the company for $3.3 billion, during…
UK watchdog’s Woodford fund redress may derail Link-Dye & Durham $1.7 billion buyout
By Huw Jones LONDON (Reuters) -Link Fund Solutions, which managed the collapsed LF Woodford Equity Income Fund, could be forced to pay up to 306 million pounds ($358 million) in redress, Britain’s…
Breaking News
