Analysis: Cash-hungry emerging markets arrive late to the SPAC party
Emerging markets have so far been on the fringes of a fundraising boom using so-called SPACs or special-purpose acquisition companies, which could potentially unlock a vital new source of cash for entrepreneurs in developing regions.
IBM quarterly revenue beats on cloud strength, shares rise
IBM (IBM.N) reported second-quarter revenue on Monday that beat analysts’ estimates, as a recovery in client spending powered strong growth in its cloud and consulting businesses.
EXCLUSIVE Wealth manager Americana Partners bid $25 a share for Westwood Holdings Group
Wealth manager Americana Partners has made a $25 a share bid for Westwood Holdings Group (WHG.N), offering a nearly 28% premium to take the publicly traded financial advisory and mutual fund firm private, sources familiar with the matter said.
EXCLUSIVE White House to target bank mergers, financial data with competition order
WASHINGTON, July 9 (Reuters) – President Joe Biden’s planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase scrutiny of deals, according to a source familiar with the matter. It will also ask the Consumer Financial Protection […]
Asia M&A bonanza fuelled by Southeast Asia, private equity deals
Asian merger and acquisition activity surged to its second-highest level ever for a first half as Southeast Asian and private-equity deals hit records, and bankers expect the strong momentum to be maintained for the rest of the year.
Fearing predators, Credit Suisse seeks new look or even merger-sources
Credit Suisse’s top management are under pressure to come up with an overhaul plan for the scandal-hit Swiss bank that could include a potential merger with rival UBS (UBSG.S), three people familiar with its thinking told Reuters.
Ackman sees path to possible U.S. listing for Universal, working on next deal
William Ackman, whose blank check acquisition company struck a deal to buy 10% of Universal Music Group (UMG) last week, is exploring options to increase his stake in the music label and already pushing ahead with his next deal, he told investors on Wednesday.
Axiata, Telenor seal $15 bln deal to form Malaysia’s biggest mobile operator
Malaysian telecoms firm Axiata Group Bhd (AXIA.KL) and Norway’s Telenor ASA (TEL.OL) will merge their mobile operations in Malaysia in a $15 billion deal, forming a new market leader in the competitive Southeast Asian nation.
EXCLUSIVE Fusion SPAC aims to beat London rush with new blank-check firm -sources
LONDON, June 16 (Reuters) – Fusion Acquisition Chief Executive John James is in talks to launch a new blank-check company which could soon file for a London listing with the aim of becoming the first to take advantage of a new British SPAC regime, sources told Reuters.
Mark Cuban-backed banking app Dave to go public in $4 bln SPAC merger
Billionaire Mark Cuban-backed Dave said on Monday it would go public through a merger with a blank-check firm sponsored by investment firm Victory Park Capital, valuing the banking app at $4 billion.
