EssilorLuxottica, maker of Ray-Bans, has taken legal action against Grandvision.
EssilorLuxottica, maker of Ray-Bans, has taken legal action against Grandvision, a Dutch eyewear store operator. They agreed to takeover...
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- Aug 10, 2020
- 1 min
Assurant Reassures Investors
Assurant is up 14.63% on an earnings beat of $2.81 EPS compared to estimates of $2.02 EPS. The insurance company is planning on returning...
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- Aug 10, 2020
- 1 min
BMW Reports First Quarterly Loss in 10 Years
BMW's stock fell 5% on Wednesday after reporting a weaker-than-expected Q2 and its first loss in over 10 years. Travel restrictions,...
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- Aug 10, 2020
- 1 min
BP’s Share Price Rises After Q2 Loss
BP's share price initially rose after reporting a lower than expected Q2 loss of $6.7bn. BP also announced a 50% cut to its dividends,...
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- Aug 9, 2020
- 1 min
Brazil's Oi receives bid for its fiber optics unit from Ufinet.
Brazil’s Oi is Latin America’s third largest telecommunications company and has struggled financially in recent years. The company, which...
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- Aug 8, 2020
- 9 min
AMC Theatres Raises $500 Million in Debt Through A Private Offering
AMC Theatres, the world’s biggest cinema chain, closed its operations earlier in the month of March due to the COVID-19 pandemic
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- Aug 7, 2020
- 1 min
Intercontinental Exchange will acquire Ellie Mae for $11B.
Intercontinental Exchange, the company best known as the owner of the New York Stock Exchange, has announced it will acquire mortgage...
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- Aug 6, 2020
- 1 min
Editas Medicine and Beam Therapeutics are rumored to be close to a deal.
Editas Medicine and Beam Therapeutics, two firms working on CRISPR gene editor technology, are rumored to be close to a deal. Both firms...
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- Aug 6, 2020
- 1 min
Teladoc acquires Livongo at $18.5B in digital health merger.
Teledoc Health has announced it will acquire Livongo Health for $18.5 billion in a deal that is a mix of cash and stock. Shares of...
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- Aug 6, 2020
- 6 min
Healthcare Dominates Covid-Era M&A Activity
There’s no doubt that COVID-19 had an adverse effect on global M&A activity, with the number of M&A transactions in Q2 falling...
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- Aug 5, 2020
- 1 min
British motor insurer Hastings has been bought for $2.2B by Sampo and Rand Merchant Investment.
British motor insurer Hastings has been bought for $2.2B by Sampo and Rand Merchant Investment (RMI). Sampo believes that Hastings can...
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- Aug 5, 2020
- 1 min
Electric utility Evergy passes on buyout offers.
After initially reaching out to several potential buyers to see what the appetite would be for an acquisition, Evergy has announced that...
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- Aug 5, 2020
- 9 min
Amazon Raises $10 Billion with Record Low Borrowing Costs
Amazon, the world’s largest online retailer with a market cap of $1.513 trillion as of July 2020, raised a total of $10 billion in debt...
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- Aug 5, 2020
- 1 min
HSBC Suffers After Large Loan Provisions and A Tough Political Climate
HSBC's stock fell 6.5% to its lowest level since 2009 after disappointing Q2 results. Net-income plummeted 96% while revenues fell 4%....
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- Aug 5, 2020
- 1 min
Disney earnings hit by theme parks and movies but boosted by streaming
The Walt Disney Company has successfully ridden out one of the hardest periods in its history. Bob Iger had spent his tenure building up...
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- Aug 4, 2020
- 1 min
Edgewell Personal Care has acquired men's grooming company CREMO for $235M.
Edgewell Personal Care, which owns brands like Bulldog and Wilkinson Sword, has acquired men's grooming company CREMO for $235M. The deal...
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- Aug 4, 2020
- 1 min
7-Eleven parent acquire’s Marathon’s Speedway gas stations for $21B.
Seven & i Holdings Co., the parent of convenience store giant 7-Eleven, announced a $21 Billion dollar deal to acquire Speedway, Marathon...
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- Aug 4, 2020
- 1 min
Motorola has acquired video security provider Pelco for $110M.
Motorola has acquired video security provider Pelco for $110M. Over the last 3 years, Motorola has re-aligned their strategy and become...
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- Aug 4, 2020
- 1 min
Google has announced a $450M deal to buy 6.6% of ADT Inc, a leading home security provider.
Google has announced a $450M deal to buy 6.6% of ADT Inc, a leading home security provider. The deal follows Google's push into...
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- Aug 4, 2020
- 1 min
Under Armour sales crushed by COVID-19
Shares of Under Armour fell 5.80% today despite earnings for the quarter falling less than previously expected. COVID-19 is having a...
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