securities

Updated Jan. 3, 2024 7:43 am ETActivist investor ValueAct reached a deal to back Walt Disney’s slate of board nominees at the coming 2024 shareholder meeting, bolstering the company’s position as it looks to fight off a proxy battle with rival activist Nelson Peltz.Disney signed a confidentiality agreement allowing it to share company information with shareholder ValueAct Capital Management and consult with the firm on strategic matters. The entertainment giant said Wednesday that the arrangement allows the activist…

Ava Benny-Morrison / Bloomberg: US federal prosecutors charge Tingo Group founder Mmobuosi Odogwu Banye with securities fraud in New York, accusing him of massively inflating Tingo's finances — - Criminal charges follow SEC lawsuit against Dozy Mmobuosi — Mmobuosi is still ‘at large,’ federal prosecutors in NY said Ava Benny-Morrison / Bloomberg: US federal prosecutors charge Tingo Group founder Mmobuosi Odogwu Banye with securities fraud in New York, accusing him of…

A potential buyout of Macy’s by an investor group revives an old theory: that much of the value in retail lies in real estate.Macy’s shares surged Monday after a Wall Street Journal report that Arkhouse Management and Brigade Capital Management submitted a buyout proposal Dec. 1 valued at $5.8 billion. The investors proposed to acquire Macy’s stock they didn’t already own for $21 a share, a roughly 32% premium to where shares closed the day before.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved.…

Updated Dec. 11, 2023 8:13 am ETOccidental Petroleum announced a $12 billion agreement Monday to buy West Texas producer CrownRock as the independent oil company seeks to keep pace with rapid consolidation in the industry. As part of the cash and stock deal, Occidental said it would incur $9.1 billion of new debt, issue about $1.7 billion of common equity and take on CrownRock’s $1.2 billion existing debt.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Updated Dec.…

A proposed class-action lawsuit against 23andMe could include more people in Canada than originally anticipated, experts say, after the genetic testing company said a data breach affected millions more customers than initially believed.A statement from the company on Tuesday said hackers have gained access to roughly 6.9 million profiles on the site — nearly half its client base. Those profiles contain delicate personal data ranging from birth year, geographic location, health information and the percentage of DNA users…

Updated Dec. 5, 2023 5:25 pm ETU.S. antitrust enforcers are investigating Exxon Mobil’s plan to acquire Pioneer Natural Resources, which would be the largest oil-and-gas deal in two decades, according to securities filings. The Federal Trade Commission has sought additional information from the companies about the deal, a step it takes when reviewing whether a merger could be anticompetitive under U.S. law, Pioneer disclosed in a filing Tuesday. Merger investigations on average take about 10 months to complete, according…

Silicon Valley is convinced it can create superhuman intelligence—but can’t decide on the pace. Silicon Valley is convinced it can create superhuman intelligence—but can’t decide on the pace. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…

Nov. 14, 2023 11:00 am ETKhosla Ventures is in the final stages of raising $3 billion for its latest set of venture funds, showing how some Silicon Valley investors remain bullish even as startups continue to stare down slower growth and lower valuations. The fundraise will be one of the largest completed by a venture firm this year and one of the few to grow in size. Khosla Ventures last raised $1.85 billion three years ago. Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved.…

Beneficient executives and board directors headed for the exits over signs of trouble—long before a financial blowup that is now under investigation by the SEC and which could leave nearly 28,000 investors empty-handed Alexandra Citrin-Safadi/The Wall Street Journal; Photos: Reuters, Getty Images, Bloomberg News, EagleView, Kansas Reflector Beneficient executives and board directors headed for the exits over signs of trouble—long before a financial blowup that is now under investigation by the SEC and which could leave…

The storied venture firm’s brand has come under scrutiny for the first time in years following a series of controversial decisions. The storied venture firm’s brand has come under scrutiny for the first time in years following a series of controversial decisions. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…