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Digital World board members get subpoena over Trump’s social media deal

Reuters
June 27 (Reuters) – Blank-check firm Digital World Acquisition Corp (DWAC.O) said on Monday each of its board directors had received subpoenas from federal prosecutors over the company’s merger plans with former U.S President Donald Trump’s social media firm. The federal probe is the latest setback to Trump’s efforts to......

EXCLUSIVE Bidders weigh offers valuing Toshiba at up to $22 bln-sources

Reuters
TOKYO/HONG KONG, June 23 (Reuters) – Bidders for Toshiba Corp (6502.T) 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 about $22 billion. Toshiba, which is exploring strategic options, said......

Blockchain payment company Roxe to go public via $3.6 bln SPAC deal

Reuters
June 21 (Reuters) – Blank check company Goldenstone Acquisition Ltd (GDST.O) said late on Tuesday that it has entered into a deal with blockchain-based payments company Roxe Holding Inc to take it public for a combined enterprise value of about $3.6 billion. The deal bucks an unfavorable market environment with......

Founder Harold Hamm offers to take Continental private at $25-bln value

Reuters
June 14 (Reuters) – Continental Resources Inc (CLR.N) said on Tuesday it received an all-cash offer from billionaire-founder Harold Hamm’s family trust, a deal which could take the U.S. shale producer private at a valuation of $25.41 billion. If both sides reach an agreement, it would result in the most......

Credit Suisse shares spike on reported State Street takeover interest

Reuters
MILAN, June 8 (Reuters) – Shares in Credit Suisse (CSGN.S) turned sharply higher on Wednesday afternoon, with traders citing an Inside Paradeplatz report that U.S-based State Street (STT.N) is planning a takeover bid for the troubled lender, though some in the industry doubt the claim. Credit Suisse shares ended up......

JetBlue sweetens offer in buyout race for Spirit Airlines

Reuters
WASHINGTON/NEW YORK June 6 (Reuters) – JetBlue Airways Corp (JBLU.O) on Monday improved its offer for smaller rival Spirit Airlines Inc (SAVE.N) in an attempt to outstrip competition in the race to buy the low-cost carrier. Shares of Spirit rose 1.6% in early trading. Under JetBlue’s revised terms, Spirit shareholders......

U.S. SEC looking into Musk’s Twitter stake purchase

Reuters
WASHINGTON, May 27 (Reuters) – The U.S. Securities and Exchange Commission (SEC) is looking into Tesla Chief Executive Officer Elon Musk’s disclosure of his stake in Twitter Inc (TWTR.N) in early April, according to a letter the agency sent to him that month. In the letter, now made public by......

Musk sued by Twitter investors for stock ‘manipulation’ during takeover bid

Reuters
NEW YORK, May 26 (Reuters) – Billionaire Elon Musk was sued by Twitter Inc (TWTR.N) investors claiming he manipulated the company’s stock price downward, as the chief executive of electric carmaker Tesla Inc (TSLA.O) mounts a $44 billion takeover bid for the social media platform. The investors said Musk saved......

Hedge fund Elliott chases oil and gas deals, bucking Wall Street

Reuters
May 25 (Reuters) – Energy bankers who lost one client after another when poor returns pushed many investment firms out of the U.S. oil patch got a welcome email earlier this year. Elliott Management, a hedge fund founded and co-led by billionaire Paul Singer and best known for its activist......

DigitalBridge buys data center company Switch for $11 billion

Reuters
May 11 (Reuters) – DigitalBridge Group Inc (DBRG.N) has agreed to buy data center operator Switch Inc (SWCH.N) for $11 billion, including debt, marking the latest deal in the digital asset sector that has attracted large private equity firms and infrastructure funds. Boca Raton, Florida-based DigitalBridge and Australian infrastructure investor......

Explainer: Can Elon Musk renegotiate a lower price for his Twitter deal?

Reuters
May 11 (Reuters) – Twitter Inc (TWTR.N) shares have plunged to their lowest level since the social media company agreed to sell itself to Elon Musk for $44 billion on April 25, raising questions over whether the world’s richest person will try to renegotiate the deal. On Tuesday, the implied......

Pfizer to pay $11.6 bln for Biohaven to tap migraine market

Reuters
May 10 (Reuters) – Pfizer Inc (PFE.N) said on Tuesday it will pay $11.6 billion to buy Biohaven Pharmaceutical Holding Co (BHVN.N), making a big bet its ability to boost sales of the top-selling pill in a new class of migraine drugs. The boards of both companies have approved the......

Musk’s $44 bln Twitter buyout challenged in shareholder lawsuit

Reuters
May 6 (Reuters) – Elon Musk and Twitter Inc (TWTR.N) were sued on Friday by a Florida pension fund seeking to stop Musk from completing his $44 billion takeover of the social media company before 2025. In a proposed class action filed in Delaware Chancery Court, the Orlando Police Pension......

Activist firm Elliott pushes Western Digital to split its businesses

Reuters
May 3 (Reuters) – Elliott Management on Tuesday disclosed it held a stake of nearly $1 billion in Western Digital and pushed the company to conduct a strategic review and split off its flash-memory business. New York-based Elliott, one of the world’s most prominent activist investors, argued in a letter......

Twitter user growth rises but weak sales highlight Musk challenges

Reuters
April 28 (Reuters) – Twitter Inc (TWTR.N) on Thursday reported revenue and ad sales that fell short of expectations and were depressed by the ongoing war in Ukraine, laying out the challenges billionaire Elon Musk will face if he takes over the social media company. The company also reported 12......

Musk gets Twitter for $44 billion, to cheers and fears of ‘free speech’ plan

Reuters
NEW YORK, April 25 (Reuters) – Elon Musk clinched a deal to buy Twitter Inc (TWTR.N) for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person. It is a......

Musk says he has secured $46.5 bln in funding for Twitter bid

Reuters
April 21 (Reuters) – Elon Musk on Thursday said he has lined up $46.5 billion in debt and equity financing to buy Twitter Inc (TWTR.N) and is considering taking his offer directly to shareholders, a filing with U.S. regulators showed. Musk himself has committed to put up $33.5 billion, which......

Southwest Gas Holdings to consider sale after another acquisition bid

Reuters
REUTERS/Gary Cameron/File Photo Register now for FREE unlimited access to Reuters.com Register April 18 (Reuters) – Southwest Gas Holdings Inc (SWX.N) said on Monday it would evaluate selling itself, among other alternatives, after an unnamed potential buyer showed interest in acquiring the utility at a price “well in excess” of......

Twitter adopts ‘poison pill’ as challenger to Musk emerges

Reuters
April 15 (Reuters) – Twitter Inc (TWTR.N) adopted a ‘poison pill’ on Friday to limit Elon Musk’s ability to raise his stake in the social media platform, as a buyout firm emerged to challenge his $43 billion bid for the company. Thoma Bravo, a technology-focused private equity firm that had......

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