Ad group M&C Saatchi reverses decision to support takeover by Next Fifteen
Shareholders urged to vote against £310mn deal because of rival’s plunging share price
Source
Category: Deal Drama
In Twitter Meeting, Elon Musk Fields Questions From 8,000 Employees
Mr. Musk answered questions from Twitter’s 8,000 workers for the first time in a virtual meeting on Thursday.
Source: In Twitter Meeting, Elon Musk Fields Questions From 8,000 Employees
Elon Musk said set to address Twitter employees for first time this week
Musk originally agreed to purchase TWTR for $54.20 per share, though he has been complaining for weeks that the social media company may be be misstating the number of spam accounts that it...
More SPACs Issue Going Concern Warnings
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...
Zymeworks Takes Poison Pill to Block Hostile Bid
Elon Musk Threatens to End Twitter Deal Without Information on Spam Accounts
Mr. Musk’s lawyers said Twitter was “actively resisting” his requests. Source: Elon Musk Threatens to End Twitter Deal Without Information on Spam Accounts
Musk’s wild Twitter ride shows the power of private capital
Just a week earlier he had secured $7bn-odd of new funding from assorted multibillionaires, venture capital funds, Saudi princes, crypto kings and sovereign wealth funds.
Source: Musk’s wild...
Toshiba shakes up board by agreeing to appoint activist-backed directors
Former chief executive Satoshi Tsunakawa will be replaced as chair of the board by Akihiro Watanabe, an executive at mergers and acquisitions advisory group Houlihan Lokey.
Source: Toshiba shakes up...