JPMorgan Chase & Co. has set up a dedicated sports investment banking team as Wall Street banks battle for fees in an increasingly competitive corner of the mergers and acquisitions market. The US bank has appointed Eric Menell and Gian Piero Sammartano to co-lead the new sports investment banking coverage group, according to an internal … Read more
Updated Jan. 16, 2024 5:42 am ET Shell has agreed to sell its Nigerian onshore oil subsidiary for up to $2.4 billion, making good on a promise to exit what was for decades one of its most dependable cash cows but in recent years has become a big drag on its reputation. The London-based energy … Read more
Published: Jan. 1, 2024 at 6:37 p.m. ET By P.R. Venkat Baidu has called off a $3.6 billion deal to buy JOYY’s video-based entertainment live-streaming business in China. As of the end of December, the closing conditions for the share purchase agreement had yet to be fully satisfied, Baidu said in a filing late Monday. … Read more
Published: Dec. 21, 2023 at 6:13 p.m. ET By Stephen Nakrosis Industrial gas supplier Global Hydrogen Energy and blank-check company Dune Acquisition said the SPAC’s shareholders approved a deal that will see the combined company go public. Shares of the combined company, Global Gas, are expected to begin trading on the Nasdaq Capital Market under … Read more
Published: Dec. 18, 2023 at 2:27 a.m. ET By Ian Walker Unilever is selling the Elida Beauty business to Yellow Wood Partners for an undisclosed sum, as part of the company’s plan to optimize its personal care portfolio and grow its power brands. The Anglo-Dutch consumer goods company–which houses Ben & Jerry’s ice cream and … Read more
Stock Market Today: Dow, S&P Live Updates for Dec 18 Bloomberg Source link
Updated Dec. 3, 2023 3:53 pm ET Alaska Air reached a roughly $1 billion deal to buy Hawaiian Airlines, a combination of two nearly century-old rivals that are dwarfed by the biggest players in a time of travel upheaval. The proposed deal would unite carriers that largely serve destinations in the Pacific region and operate … Read more
Updated Nov. 8, 2023 3:43 pm ET Amazon.com is turning to Prime members to bolster its healthcare business, an industry where the company has sought to expand for years. The tech giant on Wednesday revealed plans to offer its millions of Amazon Prime subscribers a low-cost annual membership to One Medical, the primary-care business Amazon … Read more
Banks Follow-Up By Jacob Sonenshine Oct 10, 2023, 12:27 pm EDT Share Reprints Financial (TFC) stock is rising following reports that it will sell its insurance business. The stock remains a buy. Continue reading this article with a Barron’s subscription. View Options Source link credite
Published: Sept. 7, 2023 at 7:38 a.m. ET Shares of Summit Materials Inc. SUM rallied 2.4% in premarket trading Thursday, after the cement maker announced an agreement to combine with Argos North America Corp. (Argos USA), the U.S. operations of Colombia-based Cementos Argos S.A. CMTOY CO:CEMARGOS in a cash and stock deal valued at about … Read more