(Reuters) – Veteran investor Bill Foley is seeking to raise $1.2 billion through the initial public offering (IPO) of a new blank check company, months after raising $1 billion through another special purpose acquisition company (SPAC). Foley Trasimene Acquisition Corp
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UK official advised minister of risks in buying OneWeb stake
LONDON (Reuters) – British officials voiced concerns about the government buying a $500 million stake in satellite company OneWeb this month, questioning whether it would deliver UK jobs and offer value for taxpayer’s money, according to a committee of lawmakers.
Oil firm BJ Services files for Chapter 11 bankruptcy
(Reuters) – Oilfield services firm BJ Services filed for Chapter 11 bankruptcy protection early on Monday, following a severe cut in demand and cash crunch due to the coronavirus pandemic. The company, which offers hydraulic fracturing of shale wells, said
Commentary: Why a Republican won’t beat Trump in 2020
Two days before being sworn in to the U.S. Senate, Mitt Romney wrote an opinion piece in the Washington Post outlining his concerns about President Donald Trump “not rising to the mantle of the office.” Romney, the Republican presidential nominee
Davidson Kempner says won't tender its Qiagen shares at current Thermo Fisher offer price
(Reuters) – Hedge fund Davidson Kempner said on Wednesday Thermo Fisher’s acquisition offer for German genetic test maker Qiagen was “wholly inadequate” and that it would not tenderings its share into the deal at the current offer. The fund which
Torstar agrees to be acquired by NordStar at a price 17.5% higher
(Reuters) – Canadian media company Torstar Corp said on Saturday it reached an amended agreement to be acquired by NordStar Capital at a price of 74 cents per share, a 17.5% increase over NordStar’s previous bid. NordStar raised its bid
Aeromexico looking to restructure seven bonds worth $300 million: media
MEXICO CITY (Reuters) – Mexican airline Aeromexico (AEROMEX.MX) is looking to restructure 7 bonds worth a total of 6.8 billion pesos ($300 million), a Mexican media outlet said on Tuesday, after filing for bankruptcy due to the fallout from the
Britain and India's Bharti win auction for OneWeb satellite company
LONDON (Reuters) – Britain has joined forces with India’s Bharti Global to buy the collapsed satellite operator OneWeb, with the two sides pledging $1 billion between them to develop a constellation that could boost broadband and other services. Under the
Intesa advances towards solving antitrust hurdle in UBI deal: source
MILAN (Reuters) – Italy’s Intesa Sanpaolo (ISP.MI) took a further step on Thursday towards resolving antitrust hurdles as it prepares to launch an exchange offer to take over rival UBI Banca (UBI.MI), a source familiar with the matter said. The
Engie Brasil CEO says perspective for buying 10% stake in TAG improved
SAO PAULO (Reuters) – The Brazilian subsidiary of France’s Engie SA (ENGIE.PA) is considering buying from local state-run oil company Petrobras its remaining 10% stake in the natural gas pipeline company TAG, given the positive performance of the business, Engie