November, 2022 | CorpDev.Org

Rio Tinto’s bid for Turquoise Hill hits snags [Mergers & Acquisitions]

Regulators cite ‘public interest concerns’ and shareholders object to offer for mining group with stake in Oyu Tolgoi project Source Author: unknown

Brookfield gathers $125bn war chest as CEO sees recession [buyout/ takeover]

Brookfield Asset Management’s earnings declined as volatile markets weighed on valuations of private assets, but the firm says it’s still on track for its biggest year of fundraising ever....

FTX looks for $9.4 bln in rescue funds from investors, rivals -source [Deals Market Headlines | Breaking Stock Market News | Reuters]

Nov 10 (Reuters) - FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency...

Startups Look to Scoop Up Laid-Off Tech Workers [WSJ Pro – Private Equity]

Flush with investor capital, technology startups plan to scoop up software developers, engineers and marketers flooding the labor market following job cuts at Twitter Inc., Lyft Inc. and other large...

Turquoise Hill further delays shareholder meet on $3.3 bln Rio Tinto buyout [buyout/ takeover]

Nov 6 (Reuters) - Canadian miner Turquoise Hill Ltd (TRQ.TO) said it has once again postponed by a week its special shareholder meeting to vote on the proposed take over by Rio Tinto Plc (RIO.L),...

Fate of management at Japan’s Toshiba a cause of friction for bidders and banks, sources say [buyout/ takeover]

TOKYO, Nov 6 (Reuters) - Disagreement over whether to keep Toshiba Corp's (6502.T) management following a potential buyout caused friction between two of its suitors and is now stoking concern among...

Fate of management at Japan’s Toshiba a cause of friction for bidders and banks, sources say [buyout/ takeover]

Philip Morris wins Elliott’s backing for $15.7bn Swedish Match takeover [buyout/ takeover]

Activist hedge fund stands to make about $150mn in profit from deal Source Author: unknown

Exxon faces $2 billion loss on sale of troubled California oil properties [Deals Market Headlines | Breaking Stock Market News | Reuters]

Exxon Mobil Corp (XOM.N) will take up to a $2 billion loss on the highly leveraged sale of a troubled California offshore oil and gas field that have been idled since a 2015 pipeline spill....

New York legal ruling ends Fox’s battle with Flutter over FanDuel price [Mergers & Acquisitions]

Arbitrator says Murdoch-owned media group must pay at least $3.7bn if it wants minority stake in betting company Source Author: unknown