Category: talks
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Discount Bank in talks to buy out Shufersal’s PayBox stake
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A decade after its founding, and three years after supermarket chain Shufersal became a partner, payments app company PayBox, headed by Arik Frishman, could become wholly owned by Israel’s Discount Bank. The bank, which owns 50.1% of PayBox, is in advanced negotiations with Shufersal to purchase its 49.9% stake for…
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OneWater in talks to acquire rival boat dealer MarineMax – Bloomberg (NYSE:HZO)
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xbrchx/iStock via Getty Images One Water Marine (Nasdaq: Onew) is in discussions to buy its larger competitor MarineMax (New York Stock Exchange: Herzo) in an all-cash transaction. OneWater (ONEW) has made a $40 equity offer for MarineMax (HZO) and the combined company will be valued at $2.5 billion, including Debts,…
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FIMI in talks to buy 50% of defense co Marom Dolphin
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Israeli private equity firm FIMI Opportunity Fundsled by founder and CEO Ishai Davidi, is about to acquire a 50% controlling stake in the Israeli defense company Marum Dolphin. The company, which develops and manufactures tactical carrying solutions for the armed forces, has benefited from increasing orders from the IDF since…
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Ripple CEO talks stablecoins, DC shift, ETFs
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Ripple CEO Brad Garlinghouse said there is a massive shift in the outlook for cryptocurrencies in the capital, and regulations could spur an inevitable boom in the stablecoin market. Speaking at the 2024 Consensus Conference, Garlinghouse emphasized the impact of cryptocurrencies on the upcoming election to determine the next US…
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China Evergrande liquidators in talks to sell stake in EV unit
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Wenjin Ling/E+ via Getty Images China Evergrande’s (OTCPK:EGRNF) liquidator is in talks with a third-party buyer to sell a stake in the troubled property developer’s electric vehicle unit. This news led to a rise in Hong Kong-listed China Evergrande New Energy Vehicle Group shares about 87%. if After the deal…
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BlackRock pushed Anglo to extend talks with BHP, FT reports By Reuters
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(Reuters) – Anglo American has come under pressure from major shareholders including BlackRock (NYSE:) to extend talks with BHP Group (NYSE:) over a proposed £38.6 billion (49.18 billion) mining merger, the Financial Times reported on Saturday. Billion dollar). BHP, the world’s largest listed mining group, has until May 29 to…
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RBNZ Delivers a Hawkish Hold with Rate Hike Talks and Higher Inflation Projections
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As expected, the Reserve Bank of New Zealand The Reserve Bank of New Zealand (RBNZ) kept its policy rate at 5.50% for the eighth straight meeting in May. What traders did not expect was for the central bank to share this.”The committee discussed the possibility of increasing OCR at this…
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Incitec Pivot explosives business booms; fertilizer sale talks continue By Investing.com
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Investing.com – Instic Pivot Ltd (ASX:) announced its results for the first half of 2024. EBITDA reached $249 million, beating RBC’s forecast of $207 million and the consensus estimate of $206 million. However, comparing these numbers directly with market estimates is challenging due to the impact of restructuring, non-recurring operations…
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Apple in advanced talks with OpenAI to use ChatGPT technology on iPhone By Investing.com
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Apple (NASDAQ:) is nearing an agreement with OpenAI to integrate the startup’s AI technology into the iPhone, Bloomberg News reported. This move is part of Apple’s broader initiative to enhance its devices with artificial intelligence capabilities. Technology from OpenAI, including chatbot features GPT, is expected to be integrated into iOS…
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Buffett talks succession and Berkshire’s future at annual meeting By Reuters
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(Reuters) – Warren Buffett took the stage at Berkshire Hathaway’s (NYSE:) annual meeting on Saturday, where he praised his longtime business partner Charlie Munger, outlined the expanded roles of the executives set to eventually succeed him and discussed Berkshire’s opportunities. Greg Appel, 61, who named Buffett’s successor as CEO in…