Shares of SoftBank-backed Compass jumped 18% in their stock market debut on Thursday, giving the real estate brokerage firm a market value of $8.22 billion, after being priced at the lower end of the reduced IPO price range. Stock opened at $21.25, above the IPO price...
Deluxe Entertainment, a media production company acquired last year by Beverly Hills-based private equity firm Platinum Equity, announced April 2 that it has purchased Sony Electronics’ New Media Solutions unit. Sony NMS provides a wide array of media platform...
J.C. Penney Co Inc said on Thursday it has agreed to transfer $2.8 billion of its pension obligations to annuities provider Athene Holding Ltd, ensuring that the U.S. department store chain’s retired employees will continue to get their benefits. J.C. Penney, which...
Pioneer Natural Resources Co is nearing a deal to acquire oil producer DoublePoint Energy for more than $6 billion in cash and stock and expand its footprint in the Permian Basin, people familiar with the matter said on Thursday. It would be Pioneer’s second...
Boru Energy, backed by private equity giant Carlyle Group, is in discussions with Occidental Petroleum to acquire its oil and gas fields in Ghana for around $500 million, industry and banking sources said. The acquisition of Occidental’s stakes in the offshore... 