Hints and tips:
...Should companies be punished for handing money back to shareholders? The Department of Justice seems to think so....
...Ithaca, whose majority owner is Israel’s Delek Group, said the transaction would create the second-biggest independent operator in the UK continental shelf, boosting its production above 100,000 barrels...
...Companies once valued at more than $1bn including Hopin and Convoy were among the casualties. “In some ways, dry powder is a mirage....
...US chipmaker Broadcom will complete its acquisition of cloud software company VMware on Wednesday, the two companies announced after China approved the $69bn deal....
...Italy’s Nexi is one casualty. Shares have traded below its 2019 listing price for most of this year. Speculation of a private equity bid sent them soaring last week....
...Terry Smith and Nick Train suffer outflows The continued march of cheap passive equity offerings and the more recent move towards high-yielding cash products has two prominent casualties: Terry Smith and...
...Our first pick, the property casualty reinsurer and primary insurer Everest Group, ticked all our boxes well: a cheap stock with a history of delivering growth, and with industry tailwinds to boot....
...It makes little sense for listed companies to issue more equity or unlisted companies to float....
...One of the casualties is Swedish property company SBB, which borrowed heavily during a local boom. Fitch downgraded the company to B- this week. Commercial real estate is in even worse shape....
...Casualties in recent months have included the Punk Subversive Metaverse ETF and the AdvisorShares Drone Technology ETF. BlackRock has no Midas touch, either....
...As of last week the company no longer even owns the Bed Bath & Beyond name....
...Meanwhile, Berkshire remains so well-capitalised, it should absorb any property and casualty claims from its customers....
...The two hedge funds — Odey European Inc and OEI Mac, were subsequently suspended....
...It is the biggest reshaping of the top tier of agricultural commodities since Cargill, long the biggest of the pack, bought the grain assets of Continental in 1999....
...The bigger barney, oddly, may be coming in continental Europe. From next year, a new policy will recommend voting against directors at companies with unequal voting rights....
...An industrial estate on the outskirts of Tallinn in Estonia houses an unlikely winner from the war in Ukraine: a start-up that makes autonomous vehicles used to carry casualties and clear routes for soldiers...
...Four months later, the independent directors of the company agreed a price of $74.28, which implies a 15 per cent premium over where Continental traded before the initial approach....
...They include shale producer Continental Resources, Gulf of Mexico-focused oil company Talos Energy and Phillips 66, an oil refiner....
...Stripe announced that it raised $6.5bn this week, valuing the company at $50bn....
...The $4.3bn offer announced on Monday represents a 13 per cent premium on Continental’s closing price in mid-June, before he made a first bid for the company at $70 a share....
...Christian Bimueller, BlackRock’s head of digital distribution in continental Europe, said that the new partnership with Bux would “create an efficient way for investors across Europe to reap the benefits...
...Yesterday, he upped his offer to take private Continental Resources, in which he already owns a majority stake....
...s=46&t=uS_p1jt3N5TYYYWqkDeEiw Also 15 November 2022: “Bnk To The Future (the ‘Company’) announces that its previously announced non-binding letter of intent with SALT Blockchain, Inc....
...The company has become one of the largest in the North Sea, with stakes in six of the top 10 biggest oil and gasfields on the UK’s continental shelf, including Cambo and Rosebank....
...Auction sales will post a record year, calculates Christine Bourron, chief executive of the analytics company Pi-eX....
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