“It’s the fun of it. You know, it’s, it’s the thrill. You know, it’s a showing off my car…it’s illegal and reckless and someone can die but they still do it.” Siyamak sits down with Lili Trujillo Puckett, founder of Street Racing Kills. Could California’s new laws stop people from doing more street racing? This…
How Street Racing Got Out of Control in Los Angeles | Lili Trujillo Puckett
Chelsea Takeover Imminent After Final Agreement Reached
LONDON—The sale of Premier League club Chelsea is expected to be completed Monday after a “final and definitive” agreement was reached with the consortium fronted by Los Angeles Dodgers part-owner Todd Boehly. The club said Saturday that “a final and definitive agreement was entered into last night” to sell to the Boehly and Clearlake Capital…
M&C Saatchi Agrees to $390 Million Takeover by Next Fifteen
LONDON—British advertising group M&C Saatchi has agreed a takeover by consultancy Next Fifteen Communications, which it said on Friday represented a better offer than one made by its biggest shareholder. M&C, founded in 1995 by brothers Maurice and Charles Saatchi, has been recovering from a 2019 accounting scandal but last month reported a record annual…
Elon Musk Offers to Buy Twitter and ‘Unlock’ Its Potential for Free Speech
April 14, 2022
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Elon Musk has made an offer to buy “100 percent of Twitter” for around $43 billion, according to a regulatory filing, with the tech mogul saying he wants to actualize the company’s “extraordinary potential” to become a true platform for free speech. Musk offered to buy out Twitter for $54.20 per share in cash, according…
Spirit Airlines Gets 2nd Takeover Bid This Year: What Investors Should Know
Spirit Airlines Incorporated on Tuesday announced it received a purchase proposal from JetBlue Airways Corporation to buy the company’s outstanding shares for $33 apiece. The unsolicited proposal from JetBlue amounts to a $3.6 billion price tag for the airline company. The announcement comes about two months after Frontier Group Holdings Inc., the parent company of Frontier…
Nielsen Shares Jump as It Accepts Takeover at 60 Percent Premium
An Elliott Management Corp. and Brookfield Asset Management Inc. led consortium agreed to acquire Nielsen Holdings PLC. for $28 a share. The all-cash transaction valued Nielsen at $16 billion, including debt. The offer price implied a 60 percent premium over Nielsen’s unaffected stock price as of March 11, before market speculation regarding a potential takeover. Nielsen shares closed at…
Nielsen Rejects $9 Billion Takeover Offer From Private Equity, Shares Drop
Nielsen Holdings PLC. abandoned a takeover offer from a private equity consortium, saying it significantly undervalued the company. The offer price of $25.40 per share, roughly $9 billion, compares to Nielsen’s March 18 closing price of $24.44. Nielsen looked to commence share buyback under its previously approved $1 billion authorization. Nielsen’s leading shareholder Windacre Partnership LLC. supported…
National Express in Talks for All-Share Takeover of Stagecoach
LONDON—British transport company National Express is in talks to acquire rival operator Stagecoach Group in an all-share deal, offering scope for cost savings and underpinning their recovery from COVID-19. The tie-up, which would value Stagecoach at about 445 million pounds ($609 million), comes as government support to help the companies get through the pandemic is…
Chinese Office Developer Shares Plunge 40 Percent After Blackstone Drops Acquisition
September 14, 2021
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Beijing-based Soho China Ltd. plunged in Hong Kong trading on Sept. 13. after U.S. private equity giant Blackstone Group Inc. dropped a $3 billion takeover deal last week. The commercial real estate developer, one of the largest in China, saw the biggest daily plunge in its stock price in the past 14 years. It came…
EasyJet to Raise $1.7 Billion After Rejecting Takeover Bid
LONDON—EasyJet has rejected a takeover offer and will instead raise $1.7 billion from shareholders to strengthen its position in a European market struggling to recover from the COVID-19 pandemic, the British airline said on Thursday. The low-cost carrier did not identify its suitor, but said the all-share approach fundamentally undervalued its business and the potential…
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