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Fortune: Goldman Sachs Is Raising $2b To Buy Celsius Assets
The Wall Street firm is seeking $2 billion in commitments from investors to buy distressed assets at steep discounts if the crypto lender goes bankrupt. Source
Zendesk drama concludes with $10.2bn private equity acquisition
Zendesk has had a difficult time over the last several months. It has been hounded by activist investors, Jana Partners. It turned down a $17bn acquisition in February believing it was worth more. Its investors turned down a deal to buy Survey...
Plot Thickens As Shareholder Advisory Firm Backs Spirit-Frontier Merger – The New York Times
After Frontier raised its offer for Spirit on Friday, the firm ISS reversed its recommendation that shareholders consider a rival bid from JetBlue. Source: Shareholder Advisory Firm Backs Spirit-Frontier Merger - The New York Times
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Reuters: Private equity bidders weigh offers valuing Toshiba at up to $22bn
KKR, Baring Private Equity Asia, Blackstone, Bain Capital, Brookfield Asset Management, MBK Partners, Apollo Global Management and CVC have submitted initial bids, sources said. Source
Siemens to sell its CV biz to Meritor for portfolio optimization
For Meritor, the acquisition of Commercial Vehicles furthers its goal of embracing and contributing to a more sustainable future by designing and manufacturing products that accelerate electrification for commercial vehicles. Meritor plans to...
