Philip Morris International Inc. raised its offer for Swedish Match by 9.4% and has agreed to pay $2.7 billion to regain the U.S. rights for its IQOS heated tobacco products Read more
Tag: Corporate Actions
Philip Morris increases bid for Swedish Match to SEK116/share, says won’t increase price further
Philip Morris International Inc. PM, +0.19% on Thursday raised its takeover offer for Swedish Match AB SWMA, +1.77% in a deal that values the Swedish tobacco company at 176.4 billion Read more
Opinion: Elon Musk pumps Tesla stock with ridiculous $4 trillion target. Is a dump coming next?
Another Tesla Inc. earnings call, and another fanciful Elon Musk prediction that likely encouraged yet another open file at the Securities and Exchange Commission on Wednesday. The chief executive of Read more
Elon Musk ‘excited’ by Twitter’s potential, even though he’s overpaying
Elon Musk admitted Wednesday that he’s “obviously” overpaying to acquire Twitter Inc., but said the social network’s long-term potential far surpasses its current value. Speaking in a conference call following Read more
Exxon Mobil exits Russia after Kremlin’s ‘expropriation blackmail’
Exxon Mobil announced its exit from Russia this week after Moscow grabbed the company’s stake in the Sakhalin-1 oil and gas venture, a move described by an observer as “expropriation Read more
Generac stock rocked after profit warning due to weakness in home generator business
Shares of Generac Holdings Inc. suffered a record selloff on Wednesday after the manufacturer of home generators and solar equipment issued an earnings warning and cut its growth outlook, citing Read more
Stock-market selloff may mean another 20% drop for S&P 500, says Wall Street veteran
“‘I generally believe that rates are going to continue to go higher and inflation is not going to come down as much as expected.’” — Thomas Peterffy, chairman and founder Read more
Nestle expands coffee business, lifts 2022 organic growth guidance
Nestle SA said Wednesday that it would acquire Seattle’s Best Coffee brand from Starbucks Corp. in a move to bolster its U.S. coffee business, and lifted sales guidance after price Read more
Fanatics hires CFO for sports-betting division ahead of next year’s launch
Sports-merchandising company Fanatics Inc. has picked a finance chief for its sports-betting and gambling division ahead of its planned launch early next year. Jacksonville, Fla.-based Fanatics on Tuesday named Andrea Read more
McDonald’s ‘adult Happy Meal’ toys are selling for up to $300,000 on eBay
When it comes to nostalgia, McDonald’s customers sure are lovin’ it. The burger chain brought back its Halloween pails on Tuesday, which haven’t been offered in the U.S. since 2016. Read more