Private equity firm CD&R readies Morrisons counter-bid – report

Slideshow ( 2 images )LONDON (Reuters) -Private equity firm Clayton, Dubilier & Rice (CD&R) is poised to start a bidding war for British supermarket chain Morrisons, the target of a 6.3 billion-pound ($8.8 billion) offer from a group led by another U.S. buyout firm, Fortress, the Sunday Times reported. The newspaper said CD&R was understood… Continue reading Private equity firm CD&R readies Morrisons counter-bid – report

Barack & Michelle Obama’s Higher Ground Banner Boosts Executive Team; Film & TV Co-Head Priya Swaminathan To Exit

Higher Ground, President Barack Obama and Michelle Obama’s media company, has made several new additions to its executive team. Joe Paulsen has been named Head of Business and Strategy. Dan Fierman will lead the company’s podcast projects as Head of Audio and will be joined by Creative Director, Anna Holmes. The two oversaw the launch… Continue reading Barack & Michelle Obama’s Higher Ground Banner Boosts Executive Team; Film & TV Co-Head Priya Swaminathan To Exit

Singapore's GIC joins Fortress bid for UK supermarket Morrisons

Customers wearing face masks are seen inside a Morrisons supermarket in New Brighton, Britain, July 5, 2021. REUTERS/Phil Noble/FilesLONDON (Reuters) – Singapore’s sovereign wealth fund has joined the Fortress-led private equity consortium bidding to buy the British supermarket group Morrisons, and will provide a portion of the funding, the groups said on Wednesday. The companies… Continue reading Singapore's GIC joins Fortress bid for UK supermarket Morrisons

Singapore's GIC joins Fortress bid for UK supermarket Morrisons

Customers wearing face masks are seen inside a Morrisons supermarket in New Brighton, Britain, July 5, 2021. REUTERS/Phil Noble/FilesLONDON (Reuters) – Singapore’s sovereign wealth fund has joined the Fortress-led private equity consortium bidding to buy the British supermarket group Morrisons, and will provide a portion of the funding, the groups said on Wednesday. The companies… Continue reading Singapore's GIC joins Fortress bid for UK supermarket Morrisons

RBC Bearings to buy ABB's Dodge transmission business for $2.9 billion

ZURICH (Reuters) – ABB will sell its Dodge power transmission unit to RBC Bearings Inc in a $2.9 billion deal, the Swiss engineering company and U.S.-based RBC said on Monday.FILE PHOTO: The logo of Swiss power technology and automation group ABB is seen at the Swiss Economic Forum (SEF) conference in Interlaken, Switzerland May 24,… Continue reading RBC Bearings to buy ABB's Dodge transmission business for $2.9 billion

Australia's Star Entertainment pulls $6.6 billion bid for Crown Resorts

(Reuters) -Australian casino operator Star Entertainment Group on Friday withdrew a A$9 billion ($6.6 billion) buyout proposal for rival Crown Resorts Ltd after an inquiry heard the target should lose its main licence, sending its shares lower.FILE PHOTO: The logo of Australia’s casino operator Crown Resorts adorns a fence surrounding the Crown Perth hotel and… Continue reading Australia's Star Entertainment pulls $6.6 billion bid for Crown Resorts

Man found dead with chilling message scrawled on his chest saying 'I touch little girls' and cuts on his bruised face

A MAN with "I touch little girls' scrawled across his chest and cuts and bruises covering his face was found dead in a hallway on Monday. Cops made the chilling discovery on the first floor of a home in Staten Island after receiving a 911 call shortly after 9.30am. The 80-year-old man was found shirtless… Continue reading Man found dead with chilling message scrawled on his chest saying 'I touch little girls' and cuts on his bruised face

Twitter Suspends Rep. Marjorie Taylor Greene And People Want To Know 1 Thing

Conspiracy theory-endorsing Rep. Marjorie Taylor Greene (R-Ga.) was temporarily suspended from Twitter on Monday for posting misinformation about COVID-19, and critics were angered by the short penalty. The Georgia Republican’s account was placed into “read-only mode” for 12 hours after she suggested vaccines weren’t necessary and the coronavirus “is not dangerous for non-obese people and… Continue reading Twitter Suspends Rep. Marjorie Taylor Greene And People Want To Know 1 Thing

Bill Ackman rejigs Universal deal after regulators probe SPAC plan

PARIS (Reuters) -Billionaire investor Bill Ackman will buy up to 10% of Vivendi’s Universal Music Group through his main hedge fund, rather than a special purpose acquisition company, after investors and regulators questioned his use of a SPAC.FILE PHOTO: The logo of Universal Music Group (UMG) is seen at a building in Zurich, Switzerland July… Continue reading Bill Ackman rejigs Universal deal after regulators probe SPAC plan

Spanish government approves Unicaja's acquisition of Liberbank

Slideshow ( 2 images )MADRID (Reuters) – The Spanish government has approved Unicaja’s acquisition of Liberbank, the lenders said on Monday, lowering Spain’s number of banks to 10 from 55 before the 2008 economic crisis. Following the Economy Ministry’s approval, Unicaja said it expected the transaction to be completed before the end of July, while… Continue reading Spanish government approves Unicaja's acquisition of Liberbank

Jury begins deliberations in Mark Redwine murder trial

Mark Redwine’s legal fate moved into the hands of a jury Thursday following closing arguments in the 5-week-long murder trial in Durango. Redwine, 59, is accused of second-degree murder and child abuse in the death of his son, 13-year-old Dylan Redwine, who disappeared during a court-ordered visit to his father’s Vallecito home over the Thanksgiving… Continue reading Jury begins deliberations in Mark Redwine murder trial

Sydney Airport board rejects $16.6 billion buyout proposal

SYDNEY (Reuters) -Sydney Airport Holdings Pty Ltd said on Thursday it would reject a A$22.26 billion ($16.6 billion) takeover proposal from a group of infrastructure funds, the biggest of a frenzy of Australian deals in reaction to record-low interest rates.FILE PHOTO: Passengers walk with their luggage towards departure gates at Sydney International Airport in Australia,… Continue reading Sydney Airport board rejects $16.6 billion buyout proposal

Phantom raises $9M to launch multi-chain crypto wallet

Cryptocurrency wallet provider Phantom has secured $9 million in Series A financing to launch a new multi-chain wallet designed to help decentralized finance (DeFi) users access decentralized applications (DApps) across multiple blockchains.  The raise comes on the heels of a successful beta launch in April of this year that saw 40,000 new Phantom users. The… Continue reading Phantom raises $9M to launch multi-chain crypto wallet

Rothermeres weigh $1.1 billion bid to take Daily Mail owner private

FILE PHOTO: A clock face is seen outside of the London offices of the Daily Mail newspaper in London, Britain, April 28, 2018. REUTERS/Toby Melville(Reuters) – The founding family and top investor in the Daily Mail’s owner is considering taking the British newspaper publisher private in a $1.1 billion deal if certain conditions are met,… Continue reading Rothermeres weigh $1.1 billion bid to take Daily Mail owner private

Rothermeres weigh $1.1 billion bid to take Daily Mail owner private

FILE PHOTO: A clock face is seen outside of the London offices of the Daily Mail newspaper in London, Britain, April 28, 2018. REUTERS/Toby Melville(Reuters) – The founding family and top investor in the Daily Mail’s owner is considering taking the British newspaper publisher private in a $1.1 billion deal if certain conditions are met,… Continue reading Rothermeres weigh $1.1 billion bid to take Daily Mail owner private

COVID-19: The Place With The Most People In Hospitals

The unusually dangerous Delta variant of COVID-19 now causes the most infections of any variant in America. Wednesday the CDC said it represents more than half of all new cases. Because of this, people in some parts of the nation, particularly where vaccination rates are low, face a high risk of rising cases, deaths, and… Continue reading COVID-19: The Place With The Most People In Hospitals

Aon wins EU nod for $30 billion Willis Towers deal

FILE PHOTO: An office building with the Aon logo is seen amid the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. REUTERS/Loren Elliott/File PhotoBRUSSELS (Reuters) – EU antitrust regulators on Friday cleared with conditions Aon’s $30 billion bid for Willis Towers Watson after it agreed… Continue reading Aon wins EU nod for $30 billion Willis Towers deal

UK's Vectura agrees to $1.44 billion rival bid from Philip Morris

Philip Morris International Operation Center is pictured in Lausanne August 19, 2009. Philip Morris International (PMI) is the leading international tobacco company, with products sold in approximately 160 countries. REUTERS/Denis Balibouse/Files(Reuters) – Cigarette maker Philip Morris International Inc said on Friday it will buy Vectura Group in a deal valuing the British pharmaceutical company at… Continue reading UK's Vectura agrees to $1.44 billion rival bid from Philip Morris

UK's Vectura agrees to $1.44 billion rival bid from Philip Morris

Philip Morris International Operation Center is pictured in Lausanne August 19, 2009. Philip Morris International (PMI) is the leading international tobacco company, with products sold in approximately 160 countries. REUTERS/Denis Balibouse/Files(Reuters) – Cigarette maker Philip Morris International Inc said on Friday it will buy Vectura Group in a deal valuing the British pharmaceutical company at… Continue reading UK's Vectura agrees to $1.44 billion rival bid from Philip Morris

UK's Vectura agrees to $1.44 billion rival bid from Philip Morris

Philip Morris International Operation Center is pictured in Lausanne August 19, 2009. Philip Morris International (PMI) is the leading international tobacco company, with products sold in approximately 160 countries. REUTERS/Denis Balibouse/Files(Reuters) – Cigarette maker Philip Morris International Inc said on Friday it will buy Vectura Group in a deal valuing the British pharmaceutical company at… Continue reading UK's Vectura agrees to $1.44 billion rival bid from Philip Morris

Analysis: Property, cash and Amazon – Why buyout firms are battling to buy UK’s Morrisons

LONDON (Reuters) – At least three private equity groups armed with foreign cash have lined up to do battle over Morrisons, a British supermarket with a big property portfolio and a deal with Amazon that could help scale-up its lagging online offering.Reusable shopping bags are seen for sale inside a Morrisons supermarket in New Brighton,… Continue reading Analysis: Property, cash and Amazon – Why buyout firms are battling to buy UK’s Morrisons

Britain's JD Sports transfers ownership of DTLR Villa to unit in U.S. push

FILE PHOTO: A sign is seen above a DTLR sportswear store after Britain’s biggest sportswear retailer JD Sports entered a conditional agreement to buy Baltimore-based DTLR Villa LLC for $495 million, at Palisades Center Mall in West Nyack, New York, U.S., February 3, 2021. REUTERS/Mike Segar(Reuters) – JD Sports Fashion said on Monday it had… Continue reading Britain's JD Sports transfers ownership of DTLR Villa to unit in U.S. push

Britain's Morrisons agrees $8.7 billion takeover by Fortress-led group

LONDON (Reuters) – Morrisons has agreed to a takeover led by SoftBank owned Fortress Investment Group that values Britain’s fourth-largest supermarket chain at 6.3 billion pounds ($8.7 billion) and tops a rival offer from a U.S. private equity firm. The offer from Fortress, along with Canada Pension Plan Investment Board and Koch Real Estate Investments,… Continue reading Britain's Morrisons agrees $8.7 billion takeover by Fortress-led group

Analysis: Oil companies bet on $100 a barrel as they rush to sell assets

NEW YORK (Reuters) – Oil companies are betting that if they sell land, buyers will come, as crude prices have soared more than 50% this year, fueling the most robust pipeline of deals in more than four years.FILE PHOTO: Drilling rigs operate at sunset in Midland, Texas, U.S., February 13, 2019. Picture taken February 13,… Continue reading Analysis: Oil companies bet on $100 a barrel as they rush to sell assets