by Sebastian | Dec 20, 2020 | News
The sale of a stake in the Mercedes F1 team is more than just a new role for its sponsor Ineos: it’s a new future for Formula 1, says Toto Wolff. As Formula 1 deals go, the one-third stake that Ineos has taken in Mercedes might seem underwhelming. There’s no...
by Sebastian | Dec 20, 2020 | News
Elliott Associates sees a runway beneath Public Storage, and is pushing the self-storage company to boost investment and catch up to industry peers’ growth. The company’s stock has underperformed storage peers by more than 300% in the last decade. The company...
by Sebastian | Dec 20, 2020 | News
For a long time, startups and outer space didn’t mix. But that has changed over the past couple decades. New technologies have made it easier than ever for young companies to do business in space. And an ecosystem of investors has emerged to provide those...
by Sebastian | Dec 20, 2020 | News
Wells Fargo & Co. agreed to sell its $10 billion private student loan book to a group including Apollo Global Management Inc. and Blackstone Group Inc., according to people familiar with the matter. Wells Fargo said in a statement late on Friday that it had agreed...
by Sebastian | Dec 19, 2020 | News
Swiss baked goods maker Aryzta rejected on Friday an 800 million Swiss franc ($904 million) takeover approach from Elliott Advisors, saying it preferred to go it alone. “Aryzta announces that after careful review of the Elliott proposal, including the envisaged...
by Sebastian | Dec 19, 2020 | News
Private equity firm Blackstone Group Inc is in talks to merge U.S. benefits services provider Alight Solutions LLC with a blank-check acquisition firm backed by veteran investor Bill Foley, according to people familiar with the matter. The merger with Foley Trasimene...
