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...Fast-growing private capital managers such as Apollo have in recent years pushed aggressively to create higher earning assets for insurance companies....
...As well as paying off obligations to retirees, the new structure involves repaying capital to current and former partners....
...The US arm of accounting firm Grant Thornton has agreed to sell a majority stake to the investment group New Mountain Capital, in the largest of a wave of private equity deals that are reshaping the sector...
...The Capital One deal will relegate Jamie Dimon’s bank to second place....
...TIC has admitted to falsifying engine data and GMO sent a letter last week urging changes to its leadership, capital structure and a “submissive culture” that it said was “unable to oppose demands by the...
...The average home in the capital had an offer within 57 days in the first quarter of this year, compared with 81 days over 2023....
...While Capital One trades at 1.4 times tangible book value, it will pay 2.6 times for Discover, inclusive of a 27 per cent premium owed to shareholders. (American Express trades at 6 times book value)....
...Rohit Bhat, managing director of capital markets, exchanges and digital assets at Google Cloud, said that high-frequency trading firms were a segment “that we are working very closely with”....
High-speed trading firm sued hedge fund last week over lucrative options trading strategy it claims were stolen
...While Viavi’s offer represents a premium of more than 60 per cent to Monday’s close, the UK group was trading at that level as recently as last summer....
...They’ll talk about “harvesting illiquidity premiums” til the cows come home of course, but they’re actually willing to pony up for the lack of reported volatility....
...It has returned £9bn to investors in capital and dividends in the past three years....
...Apollo Global Management’s profits rose sharply at the end of last year, bolstered by quickly rising assets under management and high spreads it earned managing insurance premiums....
...Bank of America, Barclays, Citigroup, Jump Trading, JPMorgan Chase, Morgan Stanley, Tower Research Capital and Wells Fargo are also investing in FMX....
...Brad Erickson of RBC Capital Markets said: “Maybe most important relative to the big after-hours move in the stock was margins came significantly ahead of expectations.”...
...Eminence was one of several New York-based activist funds, alongside Sachem Head Capital Management and Dendur Capital, which had pushed Entain to grant them board seats....
...The market’s doubts about the probability of closing the deal are reflected in Discover’s share price, which on Wednesday closed well below the almost 27 per cent premium that Capital One has agreed to pay...
...The price is a 55 per cent premium to where Endeavor’s stock was trading in late October, when the sports and entertainment business led by Ari Emanuel said it was exploring strategic alternatives....
...Apollo previously submitted a takeover bid of more than $26bn, which would have given shareholders a large cash premium to Paramount’s trading price, but it was rebuffed....
...The risk in that mezzanine category of capital is no longer at the banks. It’s diffused in the market, which is good....
...Castore has raised roughly £150mn from a trio of investors, boosting the British premium sportswear maker’s firepower as it looks to expand its brand on the global stage....
...Tiger Global has raised $2.2bn for its latest venture capital fund, roughly a third of the $6bn target it touted to investors when it first announced the fund in 2022....
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