24×7 Deals News
As the U.S. SPAC market has seen plummeting valuations, a growing number of the companies targeted by SPACs in de-SPAC transactions are now issuing going concern warnings. Recent examples of the trend include View Inc. (VIEW), Lordstown Motors Corp. (RIDE) and Shift Technologies Inc. (SFT).
Pharmacy chain Walgreens and two of its former executives have agreed to pay $105 million to end investor claims the company touted overly rosy financial projections as it sought shareholder...
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....
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...
Shareholders urged to vote against £310mn deal because of rival’s plunging share price Source