Mastercard’s Chief Marketing Officer, Venkata R. Madabhushi, recently sold a significant number of shares in the company, worth over $2.3 million. While this move might raise some eyebrows among investors, the sale was conducted under …
Continue readingTag: Acquisition
Mattel Stock Soars on Buyout Offer from L Catterton
Mattel, the US toy maker, saw its stock price jump over 9% on Monday after reports emerged of a buyout offer from L Catterton, a private equity firm backed by luxury goods giant LVMH. While …
Continue readingGoodyear Sells Off-Road Tire Business to Yokohama for $905 Million
Goodyear Tire & Rubber has agreed to sell its Off-the-Road (OTR) tire business to Yokohama Rubber for $905 million in cash. The sale is part of Goodyear’s ongoing effort to streamline its operations and generate …
Continue readingAmerican Express Q2 Profit Soars as Wealthy Customers Spend Big
American Express (AXP) delivered a strong second-quarter performance, exceeding analysts’ expectations for profit. The credit card giant reported $3.02 billion in earnings, marking a 39% year-over-year increase. This robust performance was fueled by the continued …
Continue readingExxon and Chevron Clash Over Guyana Oil Asset in $53 Billion Hess Acquisition
ExxonMobil is challenging Chevron’s proposed $53 billion acquisition of Hess in arbitration. The dispute hinges on whether the transaction constitutes a “change of control” of Hess’s valuable oil asset in Guyana, triggering Exxon’s pre-emptive right. …
Continue readingGoogle to Bolster Cloud Security with Potential $23 Billion Acquisition of Wiz
Google is reportedly close to acquiring cloud security company Wiz in a deal worth up to $23 billion. The move would be Google’s most expensive acquisition to date and would significantly strengthen its cloud security …
Continue readingMacy’s Scraps Buyout Talks, Focus Shifts to Turnaround Plan
Macy’s has called off buyout talks with an investor group led by Arkhouse Management and Brigade Capital. The group had offered to acquire the department store chain for $6.9 billion. The company cited a lack …
Continue readingGoogle in Talks to Acquire Cybersecurity Startup Wiz for $23 Billion
Google’s parent company, Alphabet, is in advanced talks to acquire cybersecurity startup Wiz for a whopping $23 billion, according to the Wall Street Journal. If finalized, this deal would be Google’s largest acquisition ever, surpassing …
Continue readingAir Products LNG Business Sold to Honeywell for $1.81 Billion
Honeywell has announced the acquisition of Air Products’ liquefied natural gas (LNG) process technology and equipment business for $1.81 billion in cash. This deal marks Honeywell’s fourth acquisition this year, highlighting its commitment to the …
Continue readingCanada Approves Glencore’s $6.93 Billion Takeover of Teck Coal Unit with Strict Conditions
The Canadian government has approved Glencore’s $6.93 billion acquisition of Teck Resources’ steelmaking coal unit, with stringent conditions to protect jobs and Canadian interests. Industry Minister François-Philippe Champagne announced the approval on Thursday, emphasizing the …
Continue reading