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...A shareholder vote to approve a deal between a special purpose acquisition company called Digital World Acquisition Corporation and Trump Media & Technology Group is planned for Friday....
...The US plaintiff’s lawyers are hoping future juries will be more likely to be swayed by grieving parents than a large corporation....
...One option includes turning it into a cash-shell company that pursues acquisitions in new industries, the 63-year-old billionaire told the Financial Times in a rare interview....
...Large acquisition targets have become scarce commodities. One fewer seat remains. On Monday, Diamondback Energy swooped in to buy Endeavor Energy Resources for $26bn, including debt....
...“The acquisition of Endeavor has a high likelihood of being the biggest upstream deal of 2024 and is among the last major outstanding M&A puzzle pieces to put together in the Permian Basin,” he added....
...Diamondback said it would remove drilling rigs from the field after its acquisition, while insisting it could keep gradually growing output regardless....
...Shares in Digital World Acquisition Corporation, the special purpose acquisition company with which TMTG first announced merger plans in late 2021, fell 13.7 per cent after Friday’s announcement....
...biggest independent oil producers in the North Sea and could spur further consolidation, as companies seek scale to fund investment and the cost of decommissioning legacy oil and gas assets in the ageing basin...
...The deal will give the company a substantial position in the Permian basin, which straddles Texas and New Mexico....
...The last time Occidental Petroleum made a big acquisition, it ended up teetering on the brink of bankruptcy....
...Chevron's acquisition of veteran Bakken operator Hess Corporation, for example, may appear to be a significant vote of confidence in shale....
...They are seeking to speed up proceedings as TMTG moves towards a stock market listing through a merger with blank-cheque company Digital World Acquisition Corporation....
...Shortly afterwards, Chevron unveiled a $53bn acquisition of US oil company Hess....
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...It played a leading role developing the Fayetteville shale basin in Arkansas and Oklahoma before expanding into Appalachia and the Haynesville in recent years....
...Oxy said it would fund the CrownRock acquisition with a combination of cash and shares and intended to take on $9.1bn of new debt....
...Shares in Digital World Acquisition Corporation, the special purpose acquisition company with which TMTG will merge, were down about 7 per cent after Friday’s announcement....
...The combined company would be listed as Webull Corporation under a new ticker symbol. The US broker-dealer launched in 2018 and has 20mn registered users globally....
...Enter Mewbourne Oil, Endeavor Energy Resources and CrownRock — all secretive, family-run operations in America’s oil-rich Permian Basin of Texas and New Mexico, and all highly sought-after acquisition targets...
...Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
...The writer is a former chair of the US Federal Deposit Insurance Corporation and a senior adviser to the Systemic Risk Council Thoughtful shoppers distinguish between best price and best value....
...Apollo, Carlyle and KKR are studying separate bids for Pension Insurance Corporation ahead of a deadline this week, as big private capital groups look for a way into the thriving market for UK corporate...
...Absorbing CrownRock’s 226,000 boe/d would solidify its position as the number two player in the basin after Pioneer combines with Exxon....
...The restrictions set out by the Federal Deposit Insurance Corporation on Thursday would apply to any takeover that created a bank with more than $50bn in assets, and increase for any deal above $100bn....
...Chevron has warned that its $53bn acquisition of Hess could be thwarted by rival oil groups ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
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