Elon Musk says it’s now ‘impossible’ to take Tesla private
Elon Musk said that it’s now “impossible” to take Tesla private – even though doing so could lead to more innovation at the electric car maker. Tesla’s share price is nearly eight times higher than it was at the start of the year, and it entered the S&P 500 as its fifth-largest member on December 21. Musk, […]
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 […]
BMS continues build-out of global Private Equity and M&A division with senior Canada hire
BMS Group (“BMS” or “the Group”), the independent specialist (re)insurance broker, today announced the appointment of Trevor Kirsh as Director, BMS Canada Private Equity, M&A division, effective immediately. Kirsh will be based in Toronto and report to Jason Stone, Managing Director of the division, who joined the team in September 2020. Kirsh will focus on […]
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 […]
The Priory goes Private (Equity): UK rehab clinics sold in £1bn deal
The Priory Group, operators of the UK’s best-known rehab clinics, has been bought by private equity outfit Waterland. Acadia, the American owners of the Group, confirmed the offload before US markets opened. It will merge the two businesses and create what Waterland say will be “Europe’s leading rehabilitation and mental health services providers” The deal […]
UGI Corp’s (UGI) Systematic Capital Investments Bode Well
UGI Corporation UGI continues to focus on systematic investments in expanding its existing operations coupled with inorganic growth, which will boost its performance in the long term. Also, the company’s target to build a clean energy portfolio acts as a tailwind. We recently issued an updated research report on UGI Corp. The Zacks Consensus Estimate for fiscal […]
REE Automotive in negotiations for a $3-4 billion Nasdaq SPAC merger
The list of Israeli companies mulling entering Nasdaq via a SPAC continues to grow, with REE Automotive, which develops modular platforms for electric vehicles, in negotiations to go public at a valuation of between $3-4 billion, a source told Calcalist under the condition of anonymity. The negotiations have been ongoing for the past three months […]
Private equity firm Permira to buy majority stake in Boats Group
Private equity firm Permira said on Tuesday it will acquire a majority stake in online classifieds marketplace Boats Group from Apax Partners funds. The financial details of the deal were not disclosed. The deal for Boats, which mainly serves the recreational marine industry, is expected to close in the first quarter of 2021. Miami-headquartered Boats […]
Investor PAG hunts for billion-dollar private equity deals in Japan
Asia-focused fund adds two specialists to scoop up noncore ops in corporate overhauls Hong Kong-based investment firm PAG looks to build up its private equity portfolio in Japan through deals worth hundreds of millions to a few billion dollars each, as Japanese companies increasingly divest noncore operations. PAG welcomes two Japanese investment veterans in January as […]
