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...Discover’s stock is trading at a roughly 15 per cent discount to the all-stock deal price, reflecting investor doubts about the acquisition....
...“If a group of partners came along and said, ‘join our lawsuit’, I would not have wanted to sign away my right to do that,” the former partner said. Grant Thornton declined to comment....
...between a traditional insurer and a private capital group....
...A dozen former partners, including ex-chief executives Brad Preber, Ed Nusbaum and Mike McGuire, have formed a group to “act as a point of contact” with the firm, according to an email it sent to retirees...
...We are getting progressively busier . . . but do I see some sort of avalanche [of activity]? No, I don’t.”...
...He added: “If I was a BHP shareholder and I was still capable of doing a cartwheel I’d do two if I got it at this price.”...
...It comes weeks after smaller rival Baker Tilly agreed a $1bn cash infusion from private equity group Hellman & Friedman to fund an acquisition spree, and is likely to further intensify competition in a sector...
...“If you wanted to mirror Citadel as an example for collecting data, I think it would take a lot of time, a lot of money . . . so we are spending a lot of time and effort trying to develop our own AI machines...
...“I thought it was better to talk to people directly than through headhunters,” he said. “I’m a front door sorta guy. I think it was effective and I’d do it again.”...
...But in a twist, the FTC also said it would be bad for workers. The focus on labour harm is a first for the FTC. This novel approach could create an added headache in dealmaking....
...Apollo previously submitted a takeover bid of more than $26bn, which would have given shareholders a large cash premium to Paramount’s trading price, but it was rebuffed....
...“I have no idea how much volume they’re going to be doing in the middle of the night....
...Some of the biggest deals struck in the quarter included Capital One’s $35bn acquisition of Discover Financial, and chip design toolmaker Synopsys’s $35bn takeover of engineering software maker Ansys....
...The reshuffle comes ahead of Google’s first-quarter earnings on 25 April and its annual I/O developer conference on 14 and 15 May at its headquarters in Mountain View, California....
...Trading volume for TMTG, which last month merged with Digital World Acquisition Corp, was double its 20-day average early on Friday, according to Bloomberg data....
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...The first two didn’t respond, but in a statement Tradeweb’s Billy Hult said: “Obviously I hate to disappoint, but as Doug knows I saved most of my swearing for the golf course.”...
...Born in 1936, Rothschild enjoyed a privileged but complicated upbringing. He contended with a bout of polio as a child before attending Eton College and Oxford university....
...“But we’re not going anywhere and I think there’s a whole lot more value to be created. I love the business.”...
...If it doesn’t happen, I will see you in a decade and I will apologise. Sounds fair....
...In a 2013 message to another Centerview banker — which was cited in court filings — Handler wrote, “I have to actually sign this thing?”...
...The cases against Meta have now really been reduced to two acquisitions: Instagram and WhatsApp. But we’ve got a statute for dealing with acquisitions....
...A senior EU court adviser has said the European Commission was wrong to block gene sequencing group Illumina’s $8bn acquisition of Grail and that the decision should be scrapped....
...TKO is not included in the deal and will continue to be a public company....
...As a part of the deal, Jana will get around 2.5 per cent of the shares in the listed Cannae. That stake is worth around $40mn after Cannae shares rallied a tenth on Thursday....
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