Hints and tips:
...And in 2021, Restaurant Brands paid $1bn in cash for Firehouse Subs....
...with the department for international aid....
...Javice founded Frank to help students apply for college financial aid in 2017 when she was just 24 years old and drew early backing from Apollo’s Marc Rowan as well as Israeli venture capital firm Aleph....
...Since fighting erupted on Saturday, attempts at calling a ceasefire to bring in humanitarian aid have failed with each side accusing the other of bad faith....
...The FSR is a potentially very powerful tool: it essentially extends the EU’s tough state aid regime to any government-subsidised foreign company operating in the EU, constraining them from undertaking mergers...
...Officials in Brussels, meanwhile, are concerned that the rights issue could constitute illegal state aid....
...This merger is a cut and dry case of monopoly power, and enforcers should block it.”...
...SCOTUS The Supreme Court will hear oral arguments in the 303 Creative LLC vs Elenis case....
...Short-term loans made through the iPhone maker’s new Apple Pay Later service will be made through a wholly owned subsidiary, Apple Financing LLC....
...It’s good news for Goldman Sachs banker Claudio Costamagna, though, who will join the board following the resignation of longtime Ferragamo aid Giuseppe Anichini, and whoever replaces Ferruccio Ferragamo...
...The rise of DraftKings, the partnership between Penn National Gaming and Barstool Sports, and the Spac mergers of Rush Street Gaming and Golden Nugget Online Gaming underscore the investor enthusiasm....
...Just over 25 per cent of the sub-Saharan population is online, according to World Bank data....
...So DD wasn’t surprised to find out that Wall Street’s masters of the universe were asking the Trump administration to allow their PE-owned companies to access hundreds of billions of dollars in aid earmarked...
...German diversity (BBG) NMC founder blames executives for suspected fraud (FT) Censorship row threatens Russia’s top business newspaper (FT) Many US restaurants ‘highly likely’ to return small business aid...
...But for all the changes that hedge funds have made to please their biggest clients, big investors are upset about high fees and sub-par performance, the FT’s Laurence Fletcher reports....
...Between them, the five companies have spent $17bn on sub-$1bn deals in the past five years alone. It is fair to ask whether any involved quashing competition — although proving this will be difficult....
...Government drought relief aid has also been so inadequate and ill-targeted that “it was like giving someone a T-shirt in winter”, he said....
...“There’s much more equity going into these deals so maybe people will earn a sub-par return on their equity.”The Rockford, Illinois native is, however, concerned about rising prices for companies....
...Rite Aid has announced an overhaul of its management board, just seven weeks after it called off its proposed merger with US supermarket group Albertsons amid opposition from some shareholders....
...Rite Aid’s proposed merger with Albertsons may be dead. But that isn’t stopping rival drugstore and supermarket chains from pursuing their own tie-ups....
...Shares in Rite Aid also tumbled 10 per cent. As a standalone company, Rite Aid was “highly leveraged”, said Andrew Wolf, analyst at Loop Capital....
...The note pointed out that “bondholders may have leverage to push this point” ahead of Albertsons' proposed acquisition of Rite Aid, which will face a shareholder vote on August 9....
...Lex recommends the FT’s Due Diligence newsletter, a curated briefing on the world of mergers and acquisitions. Sign up at ft.com/newsletters....
...Colony, through the joint provisional liquidators, agreed to buy Abraaj’s Latin America, Sub Saharan Africa, North Africa and Turkey funds management business, the companies said....
...The deal offers Rite Aid stockholders the option of one share of Albertsons and $1.83 in cash for every 10 shares of Rite Aid they hold, or 1.079 shares of Albertsons stock for each 10 Rite Aid shares they...
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