CVS to buy home health giant Signify Health for about $8 billion

A CVS logo is displayed at one of their stores near Bloomsburg. Paul Weaver | Lightrocket | Getty Images CVS Health has reached a deal to acquire in-home health-care company Signify Health for about $8 billion, the companies said Monday. CVS said it will pay $30.50 a share in cash for Signify, an acquisition that … Read more

Chobani withdraws IPO plans after filing in November to go public

Packages of Chobani yogurt sit on the shelf at a grocery store July 7, 2021 in Washington, DC. Drew Angerer | Getty Images Chobani is withdrawing its plans for an initial public offering, according to a regulatory filing on Friday. The food and beverage company filed in November to go public on the Nasdaq Exchange … Read more

Elon Musk Adds a New Twist to the Twitter Saga

Elon Musk versus Twitter  (TWTR) – Get Twitter Inc. Report: It’s a battle royale. It’s a battle of titans that will have important consequences for mergers and acquisitions in the future.  The world’s richest man and CEO of Tesla  (TSLA) – Get Tesla Inc. Report abruptly withdrew his $44 billion bid to acquire the microblogging website … Read more

Fanatics is in talks to buy sports betting company Tipico, sources say

Michael Rubin arrives at the 2019 Fanatics Super Bowl Party on Saturday, Feb. 2, 2019, in Atlanta. Paul R. Giunta | Invision | AP Fanatics, the sports merchandising company, is in talks to acquire sports betting company Tipico, according to two people familiar with the matter. A deal hasn’t yet been reached, and the two … Read more

Signs point to biotech M&A heating up, Wells Fargo says. Here’s where to look

The pace of biotech deals is likely to pick up, but investors should think about smaller targets, said Wells Fargo analyst Mohit Bansal. Bansal called out both enticing valuations for small- and mid-cap biotech companies, which are now trading at an enterprise value of about one times cash, on average, and a tough regulatory environment … Read more

Proxy advisory firm ISS urges Spirit shareholders to pick JetBlue offer over Frontier

A JetBlue Airlines plane takes off near Spirit Airlines planes at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Proxy advisory firm Institutional Shareholder Services Inc has urged shareholders of Spirit Airlines to vote against a proposed merger with Frontier Group Holdings. JetBlue Airways Inc’s … Read more

Binance backing for Elon Musk’s Twitter bid boosts ‘Web3’ vision

Binance is the world’s largest crypto exchange, handling billions of dollars in trading volumes on a daily basis. STR | NurPhoto via Getty Images Bitcoin exchange Binance’s move to participate in Elon Musk’s $44 billion takeover of Twitter could boost digital currency evangelists’ hopes for the development of a more “decentralized,” crypto-friendly social media platform. … Read more

LIC, India’s largest-ever IPO, will test foreign investor appetite

The LIC logo looms above a couple of passersby in Mumbai in India last week. The IPO of the biggest payer in life insurance in the country is expected to fetch $2.7 billion in the country’s biggest IPO so far. Punit Paranjpe | Afp | Getty Images The dominant player in India’s life insurance market, … Read more

Biden officials worry Trump will return to platform

White House officials and Democratic strategists are privately worrying about how Elon Musk’s $44 billion hostile takeover of Twitter will affect the 2024 presidential election — especially whether the billionaire will allow former President Donald Trump to return to the platform. Officials within President Joe Biden’s administration are closely watching the deal, according to more … Read more

Twitter is reportedly taking another look at Musk takeover bid

Entrepreneur and business magnate Elon Musk gestures during a visit at the Tesla Gigafactory plant under construction, on August 13, 2021 in Gruenheide near Berlin, eastern Germany. Patrick Pleul | AFP | Getty Images Twitter could be becoming more receptive to a takeover bid from Elon Musk after the billionaire disclosed he has secured $46.5 … Read more