Category: Sale
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Hibbett shareholders approve the sale to JD Sports
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Skynisher Hibit (NASDAQ: HIBB) confirmed on Monday that shareholders have approved the merger deal with JD Sports Fashion (OTCPK: JDSPY). The UK sportswear retailer has proposed to buy all outstanding shares of Birmingham, Alabama-based Hibbett (HIBB) for $87.50 per share in cash, representing a 21% premium. To the US company’s…
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Hibbett shareholders approve the sale to JD Sports
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Skynisher Hibit (NASDAQ: HIBB) confirmed on Monday that shareholders have approved the merger deal with JD Sports Fashion (OTCPK: JDSPY). The UK sportswear retailer has proposed to buy all outstanding shares of Birmingham, Alabama-based Hibbett (HIBB) for $87.50 per share in cash, representing a 21% premium. To the US company’s…
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Treasury can expect tax bonanza from Wiz sale
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How much of the $23 billion reported by Alphabet (Google’s parent company) to buy Israeli cloud security startup Wiz will the Israeli tax authority take? The low estimate is $2.5 billion, while the high estimate is $3.5 billion. The Israeli tax liability arising from the acquisition lies with Waze’s Israeli…
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ESE Completes Sale of Minority Interest in GameAddik
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Article Content The sale marks the completion of ESE’s sale of GameAddik for $13 million after selling an initial 70% stake last year. VANCOUVER, British Columbia, July 19, 2024 (GLOBE NEWSWIRE) — ESE Entertainment Company (TSXV: ESE) (OTCQX: ENTEF) (“who“or the”a company“, a gaming and esports company that provides a…
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Glass Lewis endorses sale of Vista Outdoor’s ammunition business to CSG (VSTO)
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Agency consulting firm Glass Lewis recommends Vista Outdoor (NYSE: VSTOShareholders voted in favor of selling Kinetic Group to Czechoslovak Group, or CSG, as “the best option to maximize shareholder value.” CSG recently raised its offer for Ammunition Works at Vista Outdoor (vsto) to $2.1 billion, or $21 per share in…
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Knesset c’ttee okays Discount sale of Cal to institutional body
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The bill would change the current situation whereby any corporate entity wishing to acquire a credit card company can only do so from a third party. The Knesset Economics Committee approved the bill, allowing it to pass to the second and third readings. Israel Discount Bank (level: Desk) to sell…
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Knesset c’ttee okays Discount sale of Cal to institutional body
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The bill would change the current situation whereby any corporate entity wishing to acquire a credit card company can only do so from a third party. The Knesset Economics Committee approved the bill, allowing it to pass to the second and third readings. Israel Discount Bank (level: Desk) to sell…
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Vodafone books Sh5bn loss from M-Pesa cash firm sale
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British multinational Vodafone said it recorded a loss of €37 million (Sh5.1 billion) from the sale of the company that holds M-Pesa funds to Safaricom for a symbolic price of $1 (Sh128). The loss represents the transfer of a valuable subsidiary – M-Pesa Holding Company Limited – for almost nothing…
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Revolut CEO to sell part of stake in $500 million share sale, Sky News reports By Reuters
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(Reuters) – Nikolai Storonsky, chief executive of British fintech firm Revolut, will sell part of his multibillion-dollar stake in the company as part of a $500 million share sale, Sky News reported on Sunday. The Financial Times reported last month that the digital finance app is working with bankers to…
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Piper Sandler maintains Renasant shares target post insurance subsidiary sale By Investing.com
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On Wednesday, Piper Sandler maintained a neutral rating. Renasant Company (NYSE:NYSE:) with a fixed price target of $33.00. This comes on the heels of Renasant’s recent announcement of the sale of its insurance subsidiary. On July 2, 2024, Renasant Corp. announced the completion of the sale of Renasant Insurance, Inc.…
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Addison Lee up for sale as owners explore potential takeover
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Addison Lee’s owners Cheney Capital and William Griffin have hired investment bank Jefferies to explore the sale of the popular London minicab company. Addison Lee, a fixture on London’s high streets since it was founded in 1975, is now considering a sale by its majority shareholder, the Strategic Value Credit…
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Rite Aid defeats MedImpact in $200 million Elixir sale dispute By Reuters
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Written by Dietrich Knuth NEW YORK (Reuters) – MedImpact’s attempt to recover about $200 million in connection with its purchase of Rite Aid’s (NYSE:) pharmacy benefits unit failed after a judge ruled on Monday that it assumed Elixir’s debt when it bought the company. U.S. Bankruptcy Judge Michael Kaplan, at…
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Exxon-Hess arbitration panel incomplete, stalling Hess sale to Chevron – Reuters
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Joe Raedle/Getty Images News An arbitration panel could approve or block the $53 billion sale of Hess (New York Stock Exchange: HSSE) to Chevron (CVX) It remains incomplete Three months after the case was filed, delaying a decision on whether Exxon Mobil (XOM) would invest.Reuters reported on Thursday that the…
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Olink gains after receiving German approval for sale to Thermo Fisher
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JHVEPhoto/iStock Editorial via Getty Images olink(Nasdaq: OLK) rose 2.8% After obtaining German antitrust approval for its planned sale to Thermo Fisher (New York Stock Exchange: TMO). The German Federal Cartel Office approved the deal on Monday, according to A to publish On the website of the German Antimonopoly Authority. The…
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Carlyle explores sale of electric power producer Cogentrix, FT reports By Reuters
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(Reuters) – Private equity firm Carlyle has hired advisers to study a sale of Cognitrix that could value the North Carolina-based energy producer at as much as $3 billion to $4 billion, the Financial Times reported, citing three people familiar with the matter. Carlyle is also selling other energy assets…
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MicroStrategy Boosts Stock Sale to $700M to Buy More Bitcoin
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MicroStrategy, led by CEO Michael Saylor, has increased the size of its planned stock sale to raise additional funds to buy Bitcoin. The company is now seeking to Raised $700 millionup from the previously announced amount of $500 million. BREAKING: MicroStrategy has increased its fundraising to $700 million to buy…
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MicroStrategy Boosts Stock Sale to $700M to Buy More Bitcoin
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MicroStrategy, led by CEO Michael Saylor, has increased the size of its planned stock sale to raise additional funds to buy Bitcoin. The company is now seeking to Raised $700 millionup from the previously announced amount of $500 million. BREAKING: MicroStrategy has increased its fundraising to $700 million to buy…
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Over half of Aramco share sale allocated to foreign investors
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Written by Maha Al-Dahan DUBAI (Reuters) – Saudi Arabia has floated more than half of the $11.2 billion Aramco share sale (Tadawul) with foreign investors, two sources familiar with the matter told Reuters on Saturday. Saudi Arabia is seeking to attract international investment by pumping tens of billions of dollars…