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Warren Buffett resisted a last-gasp shopping spree in his final weeks as Berkshire Hathaway CEO
Business Insider· 2026-02-28 16:11
Core Insights - Warren Buffett has expressed a willingness to invest $100 billion if the right opportunity arises, but has refrained from making significant purchases in his final quarter as CEO of Berkshire Hathaway [1] - Berkshire Hathaway's fourth-quarter earnings report indicates that Buffett struggled to find attractive investment opportunities, leading to net stock sales for the 13th consecutive quarter [2] Investment Activity - Berkshire built a small stake in The New York Times Company, reduced its investments in Apple and Bank of America, and cut 77% of its small position in Amazon during the recent quarter [7] - The company has not engaged in stock buybacks for six consecutive quarters, following a total of approximately $17 billion in repurchases during 2022 and 2023 [7] Cash Position - Berkshire's cash and Treasury bills reached a record $373 billion at the end of December, nearly tripling from around $130 billion at the end of 2022 [8] - This cash position now exceeds the market capitalizations of major companies such as Bank of America, General Electric, and Coca-Cola [8] Leadership Transition - Greg Abel, Berkshire's new CEO, stated he would not rush to distribute dividends or make acquisitions just to utilize the available cash [10] - The company faced a challenging fourth quarter, with operating earnings declining 30% year-on-year to $10.2 billion, primarily due to a significant drop in profits from its insurance unit [10][11]
Thermon Group Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Thermon Group Holdings, Inc. - THR
Businesswire· 2026-02-27 17:30
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-thr/ to learn more. NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Fo ...
Brinks to acquire NCR Atleos in $6.6 billion deal
Yahoo Finance· 2026-02-26 21:26
Feb 26 (Reuters) - Brinks Co (BCO) on Thursday said it will acquire NCR Atleos (NATL) in ‌a cash-and-stock deal valued at about $6.6 billion ‌including debt, sending the cash management and logistics provider's shares ​down 6% in after-hours trading to $126.90. NCR Atleos provides operational efficiency solutions for financial institutions and retailers, alongside digital-first financial self-service experiences for consumers. Brinks will ‌acquire each outstanding ⁠share of NCR Atleos for $30 in cash an ...
Netflix CEO Sarandos arrives at White House amid WBD deal pursuit
CNBC· 2026-02-26 21:17
Netflix CEO Ted Sarandos arrives for meetings at the White House on Feb. 26, 2026 in Washington, DC.Netflix CEO Ted Sarandos arrived at the White House on Thursday afternoon for a meeting on his company's effort to buy part of Warner Bros. Discovery.Sarandos is not expected to meet with President Donald Trump, who days ago demanded that Netflix boot Susan Rice from its board of directors."This meeting is not with POTUS," a White House official told CNBC. "Netflix is meeting with staff members at the White H ...
Netflix CEO Ted Sarandos Braces For White House Meeting Days After Saying Warner Bros. Bid Is 'Not A Political Deal': Report - Netflix (NASDAQ:NFLX), Oracle (NYSE:ORCL)
Benzinga· 2026-02-26 07:40
Netflix Inc. (NASDAQ:NFLX) co-CEO Ted Sarandos is reportedly scheduled to attend meetings at the White House on Thursday as the bidding war to acquire Warner Bros. Discovery (NASDAQ:WBD) heats up.Although it is unclear if Sarandos will have a meeting with Trump during this visit, Sarandos reportedly had a private meeting with Trump in November.Warner Bros.’ board said Paramount's revised bid could potentially qualify as a "superior proposal" compared to Netflix's offer. The company will now continue discuss ...
Donerail Issues Open Letter Responding to MarineMax Statement and Recent News Reports
Globenewswire· 2026-02-25 21:15
Encouraged by MarineMax’s Recent Actions to Engage in an Apparent Strategic Review Following Donerail’s All-Cash Proposal to Acquire the Company for $35.00 Per Share  Clarifies Timeline of Engagement and Details MarineMax’s Prior Instructions for Donerail to Await Board Authorization Before Negotiating NDA Reaffirms Financing Capabilities, Significant Shareholder Support for a Sale, and Confirms Commitment to Negotiate NDA Immediately to Proceed with Diligence Reminds Shareholders of Continued Entrenchment ...
Netflix CEO Ted Sarandos to visit White House for talks on WBD deal, report says
CNBC· 2026-02-25 19:43
Netflix CEO Ted Sarandos speaks during comedian Ricky Gervais's star unveiling ceremony on the Hollywood Walk of Fame in Los Angeles, U.S., May 30, 2025.Netflix CEO Ted Sarandos will head to the White House on Thursday for meetings on his company's efforts to acquire part of Warner Bros. Discovery as Paramount ratchets up its rival bid, Politico reported Wednesday.The reported visit is set to occur five days after President Donald Trump demanded that Netflix immediately fire former Obama administration offi ...
Zurich Australia to acquire ClearView Wealth for $295m
Yahoo Finance· 2026-02-25 11:39
Core Viewpoint - Zurich Financial Services Australia has agreed to acquire ClearView Wealth for approximately A$415 million ($295 million), with ClearView investors set to receive A$0.65 in cash per share, pending regulatory and shareholder approvals by Q3 2026 [1][2]. Group 1: Acquisition Details - The acquisition is valued at A$415 million ($295 million) and ClearView investors will receive A$0.65 in cash per share [1]. - ClearView's board of directors has unanimously recommended the transaction [1]. - Completion of the acquisition is expected in Q3 2026, subject to necessary approvals [1]. Group 2: Strategic Rationale - Zurich Australia & New Zealand CEO Justin Delaney emphasized that the transaction combines Zurich's strong capital foundation with ClearView's established market presence, enhancing customer experience in the Australian life insurance market [2]. - ClearView is the holding company of ClearView Life Assurance, which collaborates with financial advisers [2]. Group 3: Financial Performance - As of June 30, 2025, ClearView reported A$413 million in in-force premiums [3]. - Zurich's recent financial results indicated a net income attributable to shareholders of $6.8 billion (SFr5.26 billion), up from $5.8 billion in 2024, and a business operating profit increase of 14% to a record $8.9 billion [5]. Group 4: Related Transactions - The acquisition of ClearView follows another planned acquisition by Zurich Insurance Group, which involves a takeover of Beazley valued at $10.8 billion [4]. - The Beazley proposal includes a cash offer for all shares at up to 1,335p (£13.35) per share, comprising 1,310p in cash and a dividend linked to Beazley's 2025 financial year [4].
Warner Bros. weighing revised bid from Paramount Skydance as bidding war escalates
New York Post· 2026-02-24 16:11
Warner Bros. Discovery  said Tuesday it was considering a new bid from Paramount Skydance without disclosing the value of the deal, as the CBS owner makes a last-ditch effort to thwart Netflix from buying the coveted Hollywood studio.The latest offer is higher than Paramount’s previous bid of $30 per share in cash, or $78 billion including debt, for the whole of Warner Bros., a source familiar with the matter told Reuters on Monday.The offer followed a week of talks between the companies to address concerns ...
Who could swallow PayPal?
Yahoo Finance· 2026-02-24 10:58
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Update: Feb. 25, 2026: Bloomberg News reported Tuesday that the fintech Stripe may be interested in buying PayPal, or some of its assets. A spokesperson for Stripe declined to comment. -------------------------------------------------------------------------- There aren’t many companies in the payments sphere that could digest a $40-billion market-cap company lik ...