Tag: merger

August 15, 2024 BY Robert Bell

Mars Launch Bid to Buy Kellanova

The cash offer will be the biggest acquisition ever made by Mars, eclipsing the $23bn it paid to take over Wrigley in 2008. The privately owned chocolate maker announced the purchase on Wednesday. The deal could attract attention from competition watchdogs as it will see brands like Pringles, Milky Way, and Twix brought together in…

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July 08, 2024 BY Elizabeth Anderson

Fans Worry Six Flags And Cedar Fair Merger Will Be A Bumpy Ride

Experts believe this merger is a yardstick for the continued success of entertainment parks. FUN stock reacted positively and ended Friday, 5 July 2024, 1.55% in the green. A CNN report reflects not all avid rollercoaster fans are enthusiastic. Although some think the Six Flags facilities will improve, others are concerned about price hikes. Don’t…

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Spirit Airlines plane
January 19, 2024 BY Simon Mugo

Spirit Airlines Urges JetBlue To Appeal Their Blocked Merger

The ruling by U.S. District Judge William Young, which occurred on Tuesday, halted Spirit's proposed $3.8 billion sale to JetBlue. The decision, aligning with antitrust regulators' concerns, suggested that the merger could increase consumer airfares. Following this ruling, Spirit's stock value plummeted over 60%. Additionally, the financial stability of Spirit Airlines is under scrutiny, evidenced…

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NAGA Group team
December 19, 2023 BY Simon Mugo

Capex.com and NAGA Announce Merger Plans To Exploit Synergies

The fusion involves a reverse merger, where Capex.com merges into NAGA Group AG via a non-cash equity increase. Furthermore, Patrascu has committed to investing $9 million in NAGA through a convertible bond. This strategic step aims to form a robust fintech organisation, leveraging both entities' combined strengths and customer bases. NAGA and Capex.com, together, serve…

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Admirals
May 19, 2023 BY Steffy Bogdanova

Admirals announces restructure and withdrawal of Estonian license

Admirals stated: The restructuring stems from the fundamental necessity and choice to expand the Group’s presence globally, as the Company has substantially positioned itself in new regions during recent years. The on-going change shall have no impact on the existing Group’s clients. Albeit the restructuring, Estonia remains the Company’s strategic location. The Company continues to…

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NAGA Group
January 20, 2023 BY Steffy Bogdanova

NAGA Group in merger talks with “multi-country” broker

The company stated: Naga will maintain its current listing status following the consummation of any such transaction. Earlier in October last year, NAGA Group secured a Seychelles license and gained an Estonian crypto license earlier that year. The neo broker also ventured into the crypto industry with its crypto exchange launched in the beginning of…

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November 21, 2022 BY Steffy Bogdanova

eToro’s SPAC partner to return $250 million to investors

FinTech Acquisition Corp. V was set up by well-known financier Betsy Cohen. The SPAC company and eToro announced their proposed merger in March 2021. The estimated implied equity value of the merger was initially at $10.4 billion, but was later taken down to $8.8 billion. The merger was terminated as the Israeli retail broker and…

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Acquisition
December 28, 2021 BY Steffy Bogdanova

S&P Global and IHS Markit to sell Base Chemicals and CUSIP Businesses

Douglas L. Peterson, President and Chief Executive Officer of S&P Global said: The two divestures we have announced today represent an important milestone in our progress toward satisfying the required regulatory conditions to complete our merger with IHS Markit. With these agreements in place, we are well positioned to dedicate our full attention to our…

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Acquisition
November 15, 2021 BY Steffy Bogdanova

US DoJ requires IHS Markit to divest business to proceed with S&P Global merger

Acting Assistant Attorney General Richard A. Powers of the Justice Department’s Antitrust Division, said: Without these significant divestitures, the proposed merger would have led to higher prices and lower quality for PRA customers throughout the United States. The divestitures will preserve competition for PRA services, which are vital to the proper functioning of commodity markets…

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