Tag #Mergers And Acquisitions

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Cramer's Trust Shifts from Morgan Stanley to Goldman Sachs Amid Deregulation

Jim Cramer's Charitable Trust bought 82 Goldman Sachs shares at ~$579.19 and sold 375 Morgan Stanley shares at ~$127.24, realizing a 58% gain, to increase exposure to capital markets and investment banking, anticipating benefits from deregulation and increased M&A activity under the Trump administra...

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dw.com
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US Steel, Nippon Steel Sue Biden Over Blocked Merger

US Steel and Nippon Steel sued President Biden on Monday, claiming his blocking of their $2.7 billion merger was illegal and politically motivated, jeopardizing US Steel's operations and setting a precedent for future foreign investment.

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cincodias.elpais.com
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Delivery Hero's Glovo Acquisition: A €16.6 Billion Market Capitalization Loss

Delivery Hero's acquisition of an 83% stake in Glovo in late 2021 has resulted in a €16.6 billion devaluation of its market capitalization and €6 billion in net losses, largely due to Glovo's operational losses and the costs associated with Spain's "Ley Rider", which reclassified Glovo's riders as e...

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cnbc.com
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CEO's prediction dooms $14.9B steel deal

Cleveland-Cliffs CEO Lourenco Goncalves' repeated assertions to investors that President Biden would block Nippon Steel's $14.9 billion bid for U.S. Steel, ultimately proven correct, raise questions about the influence of corporate lobbying on governmental decisions.

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english.kyodonews.net
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Biden Blocks Japanese Steelmaker's US Acquisition

President Joe Biden blocked Nippon Steel's \$14.1 billion acquisition of U.S. Steel on Friday, citing national security concerns, prompting criticism from Japan and the companies involved, who plan legal action.

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pt.euronews.com
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Biden Blocks US Steel Acquisition, Raising FDI Concerns

President Joe Biden controversially blocked Japan's Nippon Steel's nearly \$15 billion acquisition of Pittsburgh-based US Steel, citing national security concerns despite a lack of public evidence, prompting condemnation from both companies and raising concerns about future US-Japan relations and fo...

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nbcnews.com
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Biden Blocks Nippon Steel's U.S. Steel Bid, Sparking Lawsuit

President Biden blocked Nippon Steel's \$15 billion bid to acquire U.S. Steel due to national security concerns, prompting a lawsuit from Nippon Steel and U.S. Steel, which alleges the decision was politically motivated to appease union members opposed to the deal.

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dw.com
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US Steel, Nippon Steel Sue Biden Over Blocked Merger

US Steel and Nippon Steel are suing President Biden for blocking their $14.9 billion merger, which he vetoed on January 4th, 2025, citing national security concerns, prompting Japan to request an explanation.

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theglobeandmail.com
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Stryker in Talks to Acquire Inari Medical for $3 Billion

Medical-device maker Stryker is in advanced talks to acquire Inari Medical, which makes devices treating venous diseases, for nearly $3 billion; a deal could be announced this week, driven by a surge in demand for medical implants post-pandemic.

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theglobeandmail.com
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U.S. Steel, Nippon Steel Sue Biden Over Blocked Merger

Nippon Steel and U.S. Steel sued President Biden on Monday, alleging he unconstitutionally blocked their \$14.9 billion merger through a politically motivated national security review, violating their right to a fair process and seeking to overturn the decision.

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cnbc.com
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Chrysler's 80% Sales Drop Prompts Buyout Proposal, Stellantis Responds with New Models

Chrysler's vehicle sales have dropped 80% since 2005, prompting a descendant of the founder to propose a buyout, although Stellantis, its parent company, plans to release new models including a large SUV and coupe/sedan to revitalize the brand.

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theglobeandmail.com
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Biden Blocks Nippon Steel's U.S. Steel Acquisition

President Joe Biden blocked Nippon Steel's $14.9 billion acquisition of U.S. Steel on Friday, citing national security concerns, despite concessions offered by Nippon Steel, including giving the U.S. government veto power over production; this follows a year of review and political opposition, poten...

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