Industry

Starboard Takes $350 Million Stake in CarMax, Seeks Cost Cuts and Digital Revamp

Activist investor Starboard Value disclosed a nearly 6% stake in CarMax and nominated two directors, pushing cost cuts, pricing changes and a smoother online platform.

#carmax, #activistinvestor, #starboard, #autoretail, #proxyfight

BlackRock, EQT-led group to take AES private in $33.4 billion deal as AI power demand surges

A BlackRock and EQT-led consortium agreed to buy AES for $15 a share, taking the utility private in a $33.4B deal that faces heavy regulatory review.

#blackrock, #eqt, #aes, #utilities, #datacenters

UK watchdog clears BCA takeover of Aston Barclay after ‘exiting firm’ review

The CMA has approved BCA owner Constellation’s purchase of rival Aston Barclay, saying the target would likely have exited anyway.

#uk, #competition, #usedcars, #autoindustry, #cma

Paramount Skydance to Buy Warner Bros. Discovery in $110 Billion Deal, Outbidding Netflix

Paramount Skydance agreed to acquire Warner Bros. Discovery for $31 a share in cash, creating a streaming and studio giant amid antitrust scrutiny.

#media, #streaming, #mergers, #antitrust, #hollywood

Vanguard to Pay $29.5 Million, Limit Proxy Power in Texas-Led ESG Antitrust Settlement

Vanguard will pay $29.5 million and accept strict limits on proxy voting and ESG engagement to exit a Texas-led antitrust suit over coal.

#vanguard, #esg, #antitrust, #proxyvoting, #coal

Walmart to Pay $100 Million, Overhaul Spark Driver Pay After Regulators Allege Tip and Earnings Deception

FTC and 11 states say Walmart misled Spark drivers and shoppers on tips and pay. A $100M deal funds refunds and mandates 10 years of oversight.

#walmart, #gigwork, #tips, #ftc, #delivery

Verint Names Ex-Calabrio Chief Dave Rhodes CEO After $2 Billion Take-Private Deal

Verint appoints former Calabrio CEO Dave Rhodes to lead the newly combined, Thoma Bravo-backed customer experience AI platform.

#verint, #calabrio, #thomabravo, #ai, #customerservice