Tag: Acquisitions/Mergers/Takeovers
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Raytheon’s stock heads for worst selloff since 9/11
[ad_1] Raytheon Technologies Corp.’s stock tumbled 10% Tuesday, its worst day in more than three years, after the aerospace and defense company said it needs to remove certain Pratt & Whitney jet engines from service for inspection. The stock RTX, -10.22% ended at its lowest since Oct. 17, when it closed at $84.47. It suffered…
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Microsoft, Sony reach deal to keep Activision’s ‘Call of Duty’ on PlayStation
[ad_1] Microsoft Corp. on Sunday announced a “binding agreement” to keep Activision Blizzard Inc.’s massively popular “Call of Duty” videogame available to Sony Corp.’s PlayStation platform once Microsoft’s acquisition of Activison is complete. “We are pleased to announce that Microsoft and @PlayStation have signed a binding agreement to keep ‘Call of Duty’ on PlayStation following…
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FTC files appeal, again seeks to block Microsoft-Activision deal
[ad_1] The Federal Trade Commission on Thursday asked an appeals court to temporarily block Microsoft Corp.’s $69 billion acquisition of Activision Blizzard Inc. while it challenges a ruling earlier this week green-lighting the deal. The FTC on Thursday asked U.S. District Judge Jacqueline Scott Corley to postpone her ruling — which she promptly denied —…
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FTC will appeal judge’s ruling clearing Microsoft-Activision deal
[ad_1] The Federal Trade Commission late Wednesday filed notice that it will appeal a judge’s ruling this week that gave Microsoft Corp. the green light to proceed with its $69 billion acquisition of Activision Blizzard Inc. In a filing with the Ninth Circuit Court of Appeals in San Francisco, the FTC is seeking to overturn…
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Priveterra Acquisition says it will list on NYSE after AEON combination
[ad_1] Priveterra Acquisition said that following its planned business combination with AEON Biopharma the combined company will list on the New York Stock Exchange. Priveterra Acquisition PMGMU, -7.73%, a special purpose acquisition company, currently trades on the Nasdaq. The combined company is expected to begin trading on NYSE on or about July 24, under the…
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JetBlue to end joint venture with American Airlines to focus on Spirit merger
[ad_1] JetBlue Airways Corp. said late Wednesday it plans to unwind a joint venture with American Airlines Group Inc. in airports in the Boston and the New York City areas to focus “even more” on its merger with Spirit Airlines Inc. In a statement, JetBlue JBLU said it won’t appeal a May court ruling siding…
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New York City’s available office space hits record in second quarter: Savills
[ad_1] The availability of office space in New York City climbed to 70.3 million square feet in the second quarter of 2023, the highest in history, according to real-estate firm Savills. The record office space availability in New York comes as high interest rates, a mountain of maturing debt and wobbling property prices bear down…
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Overstock to bring back Bed Bath & Beyond’s loyalty program after asset purchase
[ad_1] Bed Bath & Beyond’s stores might be disappearing, but the home-goods retailer will survive in online form, following Overstock.com Inc.’s deal announced Wednesday to acquire and revive the bankrupt chain’s website and loyalty program. Overstock OSTK, +6.11% on Wednesday said it had it had acquired Bed Bath & Beyond’s brand and intellectual property, in…