Industry

Warner Bros. Discovery Rejects $108 Billion Paramount Skydance Bid, Setting Up Delaware Fight and Proxy Battle

WBD rebuffs Paramount Skydance’s $30-a-share hostile offer in favor of a Netflix deal, triggering a lawsuit, proxy fight and antitrust scrutiny.

#warnerbrosdiscovery, #netflix, #paramountskydance, #mergers, #antitrust

Frontier Taps Insider James Dempsey as CEO as Ultra-Low-Cost Rivals Pull Back

Frontier names longtime finance chief James “Jimmy” Dempsey CEO, betting on cost discipline as ULCC rivals retrench and earnings outlook improves.

#airlines, #frontier, #ulcc, #executives, #earnings

Rio Tinto and Glencore confirm early-stage merger talks in potential $200bn-plus mining megadeal

Rio Tinto and Glencore confirm preliminary all-share merger talks, a deal that could create the biggest diversified miner and face tough scrutiny.

#mining, #riotinto, #glencore, #mergers, #copper

Constellation Closes $26.6 Billion Calpine Deal, Becoming America’s Largest Power Generator

Constellation’s $26.6B buy of Calpine creates the top U.S. generator, adds gas and geothermal assets, and includes DOJ-ordered plant sales.

#energy, #powergrid, #mergers, #antitrust, #datacenters

Warner Bros. Discovery Board Urges Shareholders to Reject Paramount Skydance Bid, Back Netflix Merger

WBD’s board unanimously told investors to reject Paramount Skydance’s $30-a-share hostile offer and stick with Netflix’s lower, less leveraged deal.

#media, #streaming, #mergers, #netflix, #paramount

L3Harris to sell majority stake in space propulsion unit; Rocketdyne name set to return under AE Industrial

L3Harris will sell 60% of its space propulsion unit to AE Industrial, reviving Rocketdyne while L3Harris keeps RS-25 and shifts toward missiles.

#space, #rocketdyne, #l3harris, #privateequity, #propulsion

Energy Department Commits $2.7 Billion to Rebuild U.S. Uranium Enrichment and HALEU Supply

DOE awards $2.7B in decade-long contracts to expand U.S. LEU and HALEU enrichment, aiming to replace Russian fuel and support next-gen reactors.

#nuclearenergy, #uranium, #haleu, #energysecurity, #doe

Alcon forces fourth delay of STAAR Surgical shareholder vote on $1.6 billion takeover

Alcon triggered a fourth postponement of STAAR’s takeover vote to Jan. 6, as Broadwood and proxy advisers keep opposition high despite a higher price.

#alcon, #staar, #mergers, #shareholdervote, #proxyadvisors

Australia’s new merger regime takes effect, forcing big deals into ACCC approval process

New merger laws now require many acquisitions to be cleared by the ACCC before closing, with tougher rules for serial buyers and supermarkets.

#australia, #mergers, #accc, #competitionlaw, #supermarkets

KeyCorp Rejects M&A, Prioritizes Stock Buybacks in Strategic Shift

KeyCorp opts for stock buybacks over mergers, aligning with investor activism amid banking industry consolidation.

#keycorp, #sharebuybacks, #banking, #investoractivism

Nomura Holdings Expands in Private Debt: Strategic Acquisitions and Partnerships

Nomura Holdings targets private debt acquisitions to bolster alternative assets, aiming for major growth amid rising interest rates.

#nomura, #privatedebt, #investment, #japan, #finance

Coalition Urges Congress to Halt New Data Center Approval Citing Environmental Impact

Over 230 environmental groups call for a U.S. moratorium on new data centers, citing risks to economy, environment, and water security.

#environment, #datacenters, #congress, #ai, #greenpeace

Unilever Allocates €1.5 Billion Annually for US-Focused M&A Strategy Post Ice-Cream Demerger

Unilever sets €1.5B yearly M&A target, emphasizing US growth post ice-cream division demerger.

#unilever, #mergers, #usmarket, #consumergoods

JPMorgan Chase Launches $1.5 Trillion Initiative to Boost U.S. Economic Security

JPMorgan announces a $1.5 trillion plan to invest in U.S. industries vital for national security and economic growth.

#jpmorgan, #investment, #us, #nationalsecurity, #economicgrowth

Unilever Spinoff of Magnum Ice Cream: A Strategic Shift

Unilever spins off Magnum, plans focus on core sectors. TMICC debuts below IPO expectations amid health trend concerns.

#unilever, #demerger, #magnum, #ipo