Urges Comerica Shareholders Vote AGAINST the Fifth Third Merger at Upcoming Special Meeting Believes the Deal Undervalues Comerica and That Voting AGAINST Can Unlock a Better Outcome With Fifth Third or Other Buyers With Limited Downside if Merger is Voted Down Provides Comerica Shareholders With Update on HoldCo's Litigation Opposing the Deal FORT LAUDERDALE, Fla., Dec. 15, 2025 /PRNewswire/ -- Today, HoldCo Asset Management, LP ("HoldCo"), a Florida-based investment firm managing approximately $2.6 billio ...

The author has an honours degree in economics and politics with a focus on economic development. With 36 years of experience in executive management he has extensive knowledge of insurance/reinsurance, Global and Asia Pacific markets, climate change and ESG. He invests in his personal capacity.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and ...

Core Viewpoint - TEGNA Inc. has reported a significant decline in earnings and revenues for Q3 2025, raising concerns about its future performance as it approaches its next earnings release [2][8]. Financial Performance - TEGNA's Q3 2025 non-GAAP earnings were 33 cents per share, missing the Zacks Consensus Estimate by 5.71% and down 64.9% year-over-year [2]. - Revenues fell 19.3% year-over-year to $650.8 million, also missing the Zacks Consensus Estimate by 1.35% [2]. - Advertising and marketing services (AMS) revenues decreased 11.7% year-over-year to $273.4 million, impacted by weak macro conditions and the absence of the summer Olympic games [3]. - Political revenues plummeted 92.2% year-over-year to $9.9 million, while other revenues decreased by 2% to $9.1 million [4]. - Non-GAAP adjusted EBITDA dropped 52% year-over-year to $131 million, primarily due to lower political advertising and AMS revenues [4]. - Non-GAAP operating income decreased 55.6% year-over-year to $106.8 million [5]. Balance Sheet & Cash Flow - As of September 30, 2025, total cash and cash equivalents were $233 million, down from $757 million as of June 30, 2025 [6]. - Net leverage at the end of Q3 was 2.9 times, and TEGNA redeemed $550 million of its 4.75% senior notes due March 15, 2026 [7]. - The company returned $20 million to shareholders through dividends during Q3, with adjusted free cash flow at $64 million compared to $96 million in the previous quarter [7]. Strategic Outlook - TEGNA will not provide forward-looking financial guidance due to a pending merger with Nexstar, expected to close in the second half of 2026 [8]. - The company has a Zacks Rank of 4 (Sell), indicating expectations of below-average returns in the coming months [12]. Industry Comparison - TEGNA is part of the Zacks Broadcast Radio and Television industry, where Sirius XM reported revenues of $2.16 billion for the quarter ended September 2025, reflecting a year-over-year change of -0.6% [13]. - Sirius XM's EPS for the same period was $0.84, compared to -$0.84 a year ago, and it holds a Zacks Rank of 3 (Hold) [14].

Media Industry & Antitrust Concerns - Potential merger of Netflix and Warner Brothers raises antitrust concerns due to significant market share, requiring government review to prevent monopolies and protect consumers [2][3][4] - The Department of Justice (DOJ) has an antitrust division to test the legitimacy of market share, but the independence of the DOJ is crucial to avoid political interference [4][5] - Trump's prior involvement in the AT&T/Warner merger faced criticism, and his current expressed intent to be "personally involved" in the Netflix/Warner merger raises conflict of interest concerns [5][6][7] - Jared Kushner's involvement in a hostile bid by Paramount (backed by the Ellison's) to buy Warner instead of Netflix creates a conflict of interest, as his family could potentially profit [6][7] - Government intervention to favor specific companies or punish political opponents through media oversight could be an abuse of power [10] Political Influence & Power Dynamics - Concerns are raised about Donald Trump's attempts to shape culture and exert influence over government institutions, potentially undermining their independence [1][16][17] - Trump ousted the board of the Kennedy Center to install loyalists, deviating from the historical bipartisan balance [13][14] - Trump renamed the Institute of Peace after himself, indicating a pattern of personalizing government institutions [14] - The Trump administration is seeking more power before the Supreme Court, raising concerns about the potential for a monarchy-like system [15][17] - Justice Sotomayor warns that granting the president unqualified removal power could lead to a corrupt patronage system [17][20]

🚨What we know about the new Netflix Warner Bros. merger:The companies agreed after Warner Bros. split its studios and HBO Max streaming business from its cable networks.This deal would reshape the entertainment industry. ...

Core Viewpoint - The merger with Pinnacle Financial Partners is expected to significantly enhance Synovus Financial Corp.'s scale and profitability, contingent on successful execution of the integration process [6][10]. Group 1: Investment Activity - Kintayl Capital initiated a new position in Synovus Financial Corp. by acquiring 152,144 shares valued at approximately $7.5 million, representing 4.6% of the fund's $162.2 million in reportable U.S. equity holdings [2][9]. - This new stake positions Synovus as one of 37 positions in Kintayl's portfolio [2]. Group 2: Company Performance - As of the latest report, Synovus shares were priced at $50.18, reflecting a 10% decline over the past year, underperforming the S&P 500's 13% gain during the same period [3][10]. - The company has a market capitalization of $7 billion, with a trailing twelve months (TTM) revenue of $2.4 billion and net income of $800.1 million [4]. Group 3: Business Overview - Synovus Financial Corp. operates as a regional bank holding company, providing a diversified portfolio of financial services through a network concentrated in the Southeast [5]. - The bank offers commercial and retail banking products, generating revenue primarily through net interest income from lending activities, supplemented by fee income from financial management and capital markets services [7]. Group 4: Future Outlook - The merger with Pinnacle Financial Partners is anticipated to close on January 1, which could lead to stronger regional density and improved commercial relationships, potentially reshaping profitability over the coming years [6][8]. - Kintayl's investment suggests confidence in Synovus's ability to leverage merger-driven scale into enhanced returns, despite recent share performance challenges [8].

RT JuanGalt.com (@JuanSGalt)Jack Mallers’ Twenty One Capital Wins Approval for CEP Merger, Poised for Public Debut on Nasdaqhttps://t.co/fRvFh57v6Q via @bitcoinmagazine @jackmallers ...

RT Solmate $SLMT (@Solmate)We are pleased to announce that Solmate ($SLMT) has signed a term sheet to merge with @Rockaway_X in an all-stock transaction creating a public infrastructure, liquidity, and asset management company with over $2 billion in combined AUM and third-party stake. https://t.co/IBURKLGAIm ...

Core Insights - The recent merger with Windstream does not enhance the near-term cash flow profile, which remains constrained by significant capital expenditures and debt service obligations [1] - The merger is intended to facilitate access to cheaper financing, although this benefit has yet to materialize [1]

Company News - First Digital Group (FDUSD issuer) plans to go public via merger with CSLM Digital Asset Acquisition Corp III [1]