Category: Billionaire
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Royal Mail, which lost $450m last year, bought by a Czech billionaire
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The owner of Britain’s Royal Mail said on Wednesday that it had accepted a takeover offer worth 3.6 billion pounds ($4.6 billion) from Czech investor Daniel Kretinski. Under the deal, Křetínský’s EP Group will buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share. Including debt,…
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Royal Mail, which lost $450m last year, bought by a Czech billionaire
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The owner of Britain’s Royal Mail said on Wednesday that it had accepted a takeover offer worth 3.6 billion pounds ($4.6 billion) from Czech investor Daniel Kretinski. Under the deal, Křetínský’s EP Group will buy International Distribution Services, which owns Royal Mail, for 370 pence ($4.72) per share. Including debt,…
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Billionaire Mark Cuban Slams SEC Chair, Calls For Crypto Legislation
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American billionaire Mark Cuban criticized Gary Gensler, head of the US Securities and Exchange Commission (SEC), regarding the agency’s strong regulatory approach towards the cryptocurrency industry. The respected TV personality and cryptocurrency advocate also stressed the need for clear cryptocurrency legislation in a direct message to the US Congress. Cuban…
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Meet the Stock-Split Stock That Makes Up 23% of Billionaire Bill Ackman’s $11 Billion Portfolio
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When it comes to hedge fund managers, Bill Ackman is in a class by himself. He etched his name in Wall Street history by bucking hedge fund norms, acquiring large stakes in a few companies, and holding them for the long term. Furthermore, as a well-known activist investor, he sometimes…