The coronavirus crisis slammed the brakes on big mergers and acquisitions deals in March, with activity in the second quarter of 2020 slumping to an 11-year low of $485.3bn as company executives instead focused on stemming losses caused by the crisis....
Luminar has agreed to a merger with blank-check company Gores Metropoulos, continuing a streak of such deals for companies in the automotive tech space. The agreement includes a $170 million direct investment led by Alec Gores, founder and CEO of private equity...
Nearly six months ago it seemed that dealmaking was done for the year as companies pulled back, needing to manage their own businesses during trying times rather than think about acquiring others. Soon after the onset of the coronavirus pandemic — and the sharp...
Shares of Cryoport, which provides logistic services for the life sciences industry, rose 9.8% Tuesday after the Blackstone Group agreed to invest $275m. The New York investment firm is buying $250m of Cryoport convertible preferred stock and $25m of common stock....
Gary Cohn, the former economic adviser to U.S. President Donald Trump, has teamed up with investor Clifton S. Robbins to seek $600 million in an initial public offering (IPO) for a new blank-check acquisition company, filings showed on Tuesday. Cohn is the latest... 