Countrywide agrees to takeover by rival Connells
Estate agency had been weighing rescue options to reverse long decline in share price Connells has reached an agreement to buy rival UK estate agency Countrywide, drawing a line under a long-running battle for control of the company. The deal is a lifeline for Countrywide, which has been weighing rescue options to reverse a decline […]
US investment firm ALK Capital buys Premier League team Burnley
US investment firm ALK Capital buys Premier League team Burnley An American investment group has agreed to take control of Burnley football club, the latest English Premier League side to attract US owners. ALK Capital has agreed to buy an 84 per cent shareholding in Burnley, which was established as a football club in 1882. […]
2020: A Solid Year of Mergers and Acquisitions for the Waste Industry
Solid waste and recycling companies completed a series of mergers and acquisitions throughout 2020 despite economic disruptions from COVID-19-related shutdowns. Following the first wave of uncertainty as COVID hit the United States in Q1, Michael E. Hoffman, Stifel’s managing director, told Waste360 readers about the possible economic repurcussions. “There will be negative consequences to this economy, and companies […]
Onex acquires Falcon Investment Advisors
Onex Corporation has acquired Falcon Investment Advisors, LLC, a Boston based private credit manager, from founder Sandeep D. Alva. Financial terms were not disclosed. Onex Corporation today announced that it has acquired Falcon Investment Advisors, LLC, a leading U.S. private credit manager, to expand its established credit platform and solidify its market position in tradeable, […]
World’s Largest Technology Products Distributor Sold to Private Equity Firm in $7.2 Billion Deal
One of the world’s largest investment firms is making a splash in the technology products sector by buying the world’s largest distributor of computer and technology products. Platinum Equity announced on December 9 that it has reached an agreement to acquire Ingram Micro, a distributor of information technology products, in a deal valued at $7.2 billion. Platinum Equity is buying […]
Wall Street rises on hopes of vaccine-fueled recovery
(Reuters) -U.S. stocks rose on Wednesday, led by energy shares, as investors bet on a strong economic recovery in 2021 on the back of COVID-19 vaccine rollouts and hopes of bigger fiscal support. The last few weeks of the year have seen a shift towards undervalued stocks that are primed to benefit from an economic […]
Tiffany shareholders back LVMH takeover, ending long-drawn dispute
(Reuters) – U.S. jeweler Tiffany & Co’s shareholders on Wednesday approved a $15.8 billion deal with France’s LVMH, ending an acrimonious dispute between the two luxury retailers that had stretched for more than a year. At a virtual special stockholder meeting, more than 99% of votes cast were in favor of the deal. Billionaire Bernard […]
US extends China military investment ban to subsidiaries
Treasury update signals tougher approach in one of Trump’s closing moves against Beijing An executive order issued by Donald Trump banning investments in Chinese companies with suspected military ties will apply to subsidiaries, the US Treasury said on Monday, signalling a tougher interpretation of the crackdown. The clarification followed a heated debate within the Trump […]
Apollo-led group to buy stake in AB InBev’s U.S. can plants for $3 billion
Apollo Global Management Inc said on Wednesday a group of institutional investors led by the private-equity firm would buy a 49.9% stake in Anheuser-Busch InBev’s U.S.-based metal container plants for about $3 billion. AB InBev has been burdened by debt after its 2016 takeover of nearest rival SABMiller and has made deleveraging a priority, selling […]
Analysis-Supply squeeze won’t ease on global stocks and bonds in 2021
An unrelenting squeeze on the supply of global shares and sovereign bonds shows little sign of easing next year, with companies and central banks predicted to be big buyers of these securities in direct competition with investors. The supply mismatch could help to sustain the decade-long bull run in global equities and also keep bond […]
