Hints and tips:
...S&P is three years on from completing the purchase of analytics group IHS Markit for $44bn and chief executive Doug Peterson told analysts earlier this month that the company was open to “tuck-in acquisitions...
...The results are not flattering: Combs and Weschler are trailing both Buffett and the S&P 500....
...Yesterday in this space I wrote about Berkshire’s last two decades of share performance, which have mirrored the S&P 500....
...The stock has gained nearly 40 per cent over the past 12 months, outpacing the S&P 500’s 20 per cent rise....
...Thanks to 2022’s deal wrangling, much of Spirit’s shareholder register now comprises merger arbitrage investors. These firms probably would not have supported a Frontier merger....
...The acquisition of a competitor, Family Dollar, eight years ago has never really been successfully integrated....
...Assume, then, that TMTG’s weighted average cost of capital falls from more than 20 per cent to 5-6 per cent, the S&P 500’s average WACC. Even then, we’re only at $51....
...But BlackRock said last month that he would seek re-election for one more year to oversee the integration of BlackRock’s $12.5bn acquisition of Global Infrastructure Partners....
...Then 3G Capital went on an acquisition spree....
...One of those acquisitions, Signature, was a deal the regulators brokered....
...Two weeks after losing its most prominent brand ambassador, the weight-loss group lost another fifth of its value on reports its lenders were preparing for debt talks after S&P cut its credit rating to a...
...Once the acquisition was completed, Engine No. 1’s ETF portfolio managers and staff would become TCW employees, the announcement noted. TCW employs about 690 staffers globally, the company confirmed....
...“They’ve been burning cash throughout the last year or so,” said Oliver Vande Stouwe, an analyst at S&P....
...Critics have blamed the Twitter acquisition for distracting Musk....
...That compares against M3’s offer of ¥1,600 per share for up to a 55 per cent stake in Benefit One....
...“It’s a win-win cooperation,” said Owen Chen, an analyst with S&P Global Mobility, “Xpeng can enter the B2B market by selling cars to Didi… while Didi can also employ more smart taxis developed by other...
...Who are the shareholder(s) behind the suit? The lead plaintiff is an individual, Richard J....
...Malaysia paid more than S$100mn (US$74mn) in compensation to Singapore for the termination....
...Since mid-May, NRG’s shares have risen 47 per cent, compared with a 10 per cent loss for the S&P 500 utilities index. Shares of NRG fell 1 per cent in early trading on Monday....
...Paramount does not break out ebitda for S&S. But at a price tag of $2bn, S&S would be valued at more than 8 times last year’s operating income. That is not a slam dunk of an investment case....
...British American Tobacco, with help from its 2017 acquisition of Reynolds, has done a bit better....
...To put it differently, the opportunity cost of holding all that cash, in hopes of making an acquisition, has gone down....
...“They’re taking bets on different things,” said Raoul LeBlanc, an analyst at S&P Global....
...t=4OHf5BkjuotctykSztrLvA&s=19 The company also excitedly told investors that the total volume of flooring it sold exceeded the equivalent of “more than 29,500 football fields” for the first time....
...If its acquisition of Teck’s coal unit is successful, Glencore plans to spin out the merged coal businesses as a separate business....
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