(Reuters) – Apex Clearing Corp, a clearing firm and a custodian for digital assets, said on Monday it will go public through a merger with a blank-check firm backed by New York Islanders co-owner Jon Ledecky, in a deal that values the combined entity at $4.7 billion. The deal with Northern Star Investment Corp II is expected to fetch Apex […]
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(Reuters) – Allied Universal won a months-long takeover battle for Britain’s G4S, the world’s largest private security firm, on Monday after going head-to-head in an auction with Canadian rival GardaWorld.Slideshow ( 2 images )Shares in G4S, which had gained 80% since GardaWorld made its offer public in September, were down nearly 10% to 242.5 pence at 1415 GMT after Britain’s […]
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FILE PHOTO: The Goodyear Tire and Rubber Co. company logo is seen in Westminster, Colorado August 27, 2013. REUTERS/Rick Wilking(Reuters) – Goodyear Tire & Rubber Co said on Monday it would acquire Cooper Tire & Rubber Company for about $2.8 billion to double its presence in North America and China. Goodyear said the deal also broadens the distribution for Cooper […]
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LONDON (Reuters) – The U.S. dollar pared losses after reaching multi-year lows against sterling and the Australian dollar on Monday as traders focused on whether vaccine progress, expectations for faster economic growth and inflation would push bond yields higher.A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/IllustrationYields on 10-year U.S. and German government bonds […]
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FILE PHOTO: A British Airways plane taxis past tail fins of parked aircraft near Terminal 5 at Heathrow Airport in London, Britain, March 14, 2020. REUTERS/Simon Dawson/File PhotoLONDON (Reuters) – British Airways-owner IAG said it raised total liquidity by 2.45 billion pounds ($3.4 billion), reaching final agreement for a 2 billion pound loan, and through a deal to defer 450 […]
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FILE PHOTO: Pedestrians leave and enter the London Stock Exchange in London, Britain August 15, 2017. REUTERS/Neil Hall(Reuters) – London’s FTSE 100 fell on Monday as higher commodity prices sparked fears of a spike in inflation, while investors awaited Prime Minister Boris Johnson’s plan for a phased easing of business restrictions. The blue-chip FTSE 100 fell 0.6%, led by declines […]
Read more(Reuters) – M&T Bank Corp is nearing an agreement to merge with People’s United Financial Inc, with the two companies discussing an all-stock deal that could be finalized as soon as this week, the Wall Street Journal reported, citing people familiar with the matter. The banks will have more than $200 billion in assets combined, according to the report on.wsj.com/3qM0Z8c. […]
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LONDON/HOUSTON (Reuters) – OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would help OPEC and its allies.FILE PHOTO: Pump jacks operate at sunset in Midland, Texas, U.S., February 11, 2019. REUTERS/Nick Oxford/File PhotoOPEC this month cut its 2021 forecast for U.S. […]
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TOKYO/SEOUL (Reuters) – SoftBank’s $100 billion Vision Fund is poised to have a new number-one asset in its portfolio with the upcoming floatation of top South Korean e-tailer Coupang, furthering a turnaround that has seen the fund yo-yo from huge losses to record profit.FILE PHOTO: SoftBank Corp’s logo is pictured at a news conference in Tokyo, Japan, Feb. 4, 2021. […]
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