Special purpose acquisition company Pershing Square Tontine Holdings Ltd. PSTH, -0.05% said Monday it will cease all operations except for winding up its business after July 26. Bill Ackman, the Read more
Tag: Corporate Actions
Twitter: Elon Musk’s attempt to terminate deal ‘is invalid and wrongful’
Twitter Inc.’s lawyers called Elon Musk’s attempt to terminate his $44 billion acquisition of the company “invalid and wrongful” in the company’s most complete response. In a letter dated Sunday Read more
Gap CEO Sonia Syngal to step down
Gap Inc. said late Monday Chief Executive Sonia Syngal will step down after “a brief transition.” Executive Chairman Bob Martin will serve as interim CEO, the retailer said. Gap GPS, Read more
What big Wall Street banks say about where the S&P 500 will end 2022
The stock market has steadied at midyear, but after a historically ugly six months that saw the S&P 500 enter bear territory, big Wall Street banks offer diverging views on Read more
Twitter has more to worry about than Elon Musk
Elon Musk might not be Twitter Inc.’s biggest concern. Ad-reliant tech stocks, led by a staggered Twitter TWTR, buckled Monday amid mounting evidence of a slowing economy slamming digital-advertising spending. Read more
Redfin stock dives after downgrade by long-time bull, downbeat home-buying deals data
Shares of Redfin Corp. took a dive Monday, after Wedbush backed away from its long-time bullish stance, just as the online real estate services company revealed data showing that home Read more
Broadcom loses top software exec in the middle of VMware deal
Broadcom Inc.’s head of software Tom Krause is leaving the company in the middle of a $61 billion software acquisition he helped bring about, which analysts called “a surprise” and Read more
Amazon Prime Day will be huge for deal seekers hoping to score a discount amid soaring inflation
Amazon.com Inc.’s Prime Day shopping bonanza will arrive this year at a good time for bargain hunters trying to save money amid soaring inflation. Prime Day will take place July Read more
Will Coinbase go bankrupt? Crypto CEO says there is ‘no risk of bankruptcy’
““We have no risk of bankruptcy.”” That’s a quote from Brian Armstrong, chief executive and co-founder of cryptocurrency exchange platform Coinbase COIN, -5.54%. In a series of tweets on May Read more
Frontier Asks Spirit Airlines to Further Delay Shareholder Vote on Deal
Frontier Group Holdings Inc. ULCC, -1.67% said it still needs more time to garner support for its bid to merge with Spirit Airlines Inc. SAVE, -2.53%, and asked for Spirit’s shareholder vote on Read more