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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....
...However, the acquisition may attract regulatory scrutiny....
...Kang said even modest progress by activists at Samsung C&T’s annual meeting would have a “cascading effect”....
...Freedom Acquisition and a lawyer for China Bridge declined to comment....
...Madrid-based Dorna represents a rare opportunity to buy into a global sport with lucrative commercial rights....
...There is also a renewable energy boom on the horizon from the Inflation Reduction Act....
...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....
...When a company is sold there tends to be a standard playbook: There’s some tough negotiations. Then, the buyer gets a business and the seller gets a check. Everyone’s happy....
...These smaller acquisitions have gilt-lined shareholder pockets in recent years....
...In securities filings this week, US oil company Chevron disclosed a potential hang-up for its pending $53bn all-stock acquisition of smaller rival, Hess Corporation....
...Patrick Orlando, the Miami-based businessman who set up the special purpose acquisition company that merged with TMTG, has a stake worth about half a billion dollars....
...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....
...Microsoft, which spent most of last year fighting the CMA over its acquisition of Activision Blizzard, noted that it was unusual for the agency to examine a deal involving recruitment rather than an outright...
...Canadian insurance group Manulife has announced a C$13bn ($9.6bn) reinsurance deal with KKR’s Global Atlantic, freeing up C$1.2bn of capital that the Toronto-based insurer intends to return to investors...
...But a question remained: why did H2O — whose very name was a nod to the importance of liquidity — pour its investors’ money into illiquid assets linked to a racy financier with a criminal past?...
...Samsung C&T trades at a discount of more than 50 per cent on its net asset value. The South Korean government is keen to replicate Japan’s success in raising stock valuations....
...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 best-known blank-cheque groups are special purpose acquisition companies, which list on stock markets with a goal of taking another business public through a merger....
...On Thursday, President Joe Biden threw cold water on Nippon Steel’s pending $15bn acquisition for US Steel, once a national icon. He said US-steel should remain American....
...The USW has worked for decades to influence mergers and acquisitions in an attempt to preserve jobs, backing the companies it saw as more worker friendly....
...Along with Hinkley Point C, which EDF is already building in Somerset, the plant would provide a crucial “baseload” as the country transitions to net zero with a growing proportion of intermittent renewable...
...Tech M&A spending fell to a decade low last year, according to data from S&P Global....
...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....
...Read a transcript of this episode on FT.com...
...Microsoft and Inflection have stressed the agreement is not an acquisition and Inflection remains an independent company....
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