Hints and tips:
...A person close to TKO hit back, saying that in rejecting the higher offer Bridgepoint had “failed in its fiduciary duty not only to its LPs [limited partners] but to its shareholders in the public market...
...Those groups — London-based Finsbury, Frankfurt-based Hering Schuppener and Washington, DC-based Glover Park Group — agreed to merge in 2020....
...The surge in supply led to gluts in the region surrounding CVR’s two refineries in Coffeyville, Kansas and Wynnewood, Oklahoma, allowing the company to buy crude oil at knockdown local prices and sell refined...
...shipping tycoon from pushing her into bankruptcy (FT) Direct Line rebuffs £3.1bn offer from Belgian insurer Ageas (FT) Daniel Křetínský drops plans to buy Atos unit (FT) Disney strikes $8.5bn deal to merge...
...But by hitching the company to Oneok, a fellow Oklahoma-based pipeline company that primarily ships natural gas and natural gas liquids, it would create a “more powerful growth engine” with more room to...
...PacWest, one of the hardest-hit lenders from the regional banking crisis, has agreed to merge with Banc of California in a sign that the fallout from the collapse of Silicon Valley Bank continues to reverberate...
...A few corporate buyers have helped private equity LPs this year....
...Those groups — London-based Finsbury, Frankfurt-based Hering Schuppener and Washington-based Glover Park Group — agreed to merge in 2020....
...Executives at the companies, both of which are based in the tight knit oil and gas community in Tulsa, Oklahoma, will have a hard sell in the coming weeks....
...Once the deal completes and the SPV merges with Atlantia, the Benettons will have 57 per cent of a group with an equity value of around €11bn....
...The proceeds include roughly $400m raised last year by Investindustrial Acquisition Corp, the New York-listed entity with which Zegna will merge, as well as $250m from private investors whom it declined...
CEO Kewsong Lee sticks with fossil fuel projects alongside bets on renewables
...The pair’s stated aim is to imagine a musical meeting between Enya and Throbbing Gristle — a union of opposites in which floaty mysticism merges with heavy industrial beats....
...Smart reads Prepare for takeover Frontier and JetBlue’s battle to merge with Spirit Airlines has hit rough air this week as neither carrier’s offer appears likely to appease investors, DD’s Sujeet Indap...
...A year earlier, the two firms struck an equally ambitious deal to merge their combined investments in human resources IT company Ultimate Software and cloud software specialist Kronos, in a $22bn deal....
...US state primaries Colorado, Illinois, New York, Utah, Mississippi, South Carolina, Oklahoma and Nebraska will hold primary elections today....
Two deals are the latest in a series of media sector transactions
...In Asia, Thai conglomerate Charoen Pokphand and Norway’s Telenor said they would merge their telecoms units in Thailand, in a deal that will create the kingdom’s dominant provider worth more than $8.6bn....
...DD wonders how many potential LPs will get to the bottom of how it really works before committing money to the new fund....
...For Tony Aquila, Canoo chief executive since April 2021, the priority is getting the group’s first factory, which is due to open in Oklahoma later this year, started....
...Endeavor will now face off against top players in the market including Swiss-based Sportradar Group, which went public this month after ditching plans to merge with a Spac, National Football League data...
...DD would love to hear from LPs with thoughts on the matter. Email due.diligence@ft.com....
...In a court case in Oklahoma in 2019, the state showed a 2002 presentation by the firm suggesting that J&J target “high abuse-risk patients (eg males under 40)” with its drug Duragesic, a patch based on fentanyl...
...In a complex deal, a shell company sponsored by HPS Investment Partners intends to merge with two of Wall Street biggest recent success stories....
...CYBG instead went on to merge with Virgin Money in 2018....
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