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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....
...The company had shifted strategy within the past decade to focus more heavily on used vehicles, after an increasing number of carmakers opted not to work with the business....
...“We believe that any cash coming in from the stake sale at the parent company level could be injected into the steel business....
...The French group has grown through acquisitions over the years, including the two-stage acquisition of British technology company Aveva, sealed in 2022 and which valued the UK company at £10.6bn....
...A tie-up would give Tapestry a dominant slice of what the company has identified as the “accessible luxury” handbag market, the FTC said....
...JD Sports will pay $87.50 per Hibbett share in cash, representing a premium of about 21 per cent to the US company’s last closing price....
...The acquisition is the latest in what bankers say is a growing wave of Japanese companies pushing for overseas acquisitions as a response to their shrinking domestic market and the geopolitical constraints...
Japanese company targets American market with its biggest-ever acquisition
...There is little room for consolidation or growth through acquisitions. Excess cash has to go somewhere, other than back to shareholders or paying down debts....
...In recent months, the regulator sued Apple for allegedly building a monopoly in the smartphone market and it also sued to block Kroger’s acquisition of Albertsons — the largest supermarket merger in US history...
...Any deal for the company would have to get the approval of South Africa, which doesn’t seem keen on the prospect of BHP owning the company....
...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....
...Don’t we advise companies on this?”...
...French container shipping magnate pivots to media Rodolphe Saadé, the head of French container shipping giant CMA CGM, has long shunned the limelight at the helm of his family-owned company in Marseille...
...Cash shell companies brought a series of immature businesses to public markets. High interest rates and low profits quickly sent many into the dustbin....
...The drive to increase its exposure to copper triggered last year’s $6.4bn acquisition of South Australia’s OZ Minerals....
...Blackstone was one of several parties to bid for the company as it went through a strategic review in recent months....
...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....
...The group is already in talks over more than $1bn of potential acquisitions, which could be further funded by bringing in third party investors....
...Porticoes is similar to a Spac in that is not an operating company and would need to complete an acquisition before opening for business....
...If the acquisition is to be a success, say analysts, Nationwide will have to deliver on several fronts....
...“The acquisition will provide Darktrace access to a strong financial partner in Thoma Bravo with deep sector and US markets expertise who can support Darktrace’s growth,” the Darktrace board said in a statement...
...MainFT has previously reported the company’s history of run-ins with regulators....
...The deal, announced last month, would create a company building 22,000 homes a year with combined revenues of £7.5bn....
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