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Roughly 42% of multibillion-dollar deals leak early — and the scoops are hurting companies’ marketing strategies
Leaks bring vastly decreased media attention on announcement day as readers already digested the news, communications firm Abernathy MacGregor found.
‘Merger Monday’ is back, with more than $60 billion of deals announced today. Here are the 5 biggest.
Major deals such as mergers and aquisitions are often announced on Mondays because company boards typically vote on Sundays.
Singapore start-up Carousell’s valuation just surged to S$1.1 billion, thanks to merger with 701Search
That's a rise of US$290 million in less than a year.
The New York Times announced that the deal is an all-stock transaction, and neither company has revealed the total value of the deal.
The two companies plan to extend their merger agreement deadline as they iron out conditions for a new telecom competitor.
Piper Jaffray will pay $350 million and $135 million in restricted consideration for Sandler O'Neill.
General Electric's dash for cash is stealing value from the shareholders, according to JPMorgan analyst Stephen Tusa.
L3 Technologies and Harris Corp. rallied Monday morning after the two companies agreed to merge in an all-stock deal. The new company will have a market capitalization of $33.5 billion, making it the sixth largest defense company in the US, according to the company release.
Biotech billionaire and Los Angeles Times owner Patrick Soon-Shiong is talking to newspaper chain McClatchy about buying Tronc
BI PRIME: Soon-Shiong also remains Tronc's second-largest shareholder, with a nearly 25% stake. Michael Ferro, the Chicago entrepreneur who was formerly Tronc's chairman, is the largest shareholder, with a nearly 26% stake.
The Department of Justice is getting close to approving two healthcare megamergers, The Wall Street Journal reported Wednesday. Express Scripts was up as much as 4% on the report, while Cigna, Aetna, and CVS all gained at least 1%.