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X @Bloomberg
Bloomberg· 2025-12-18 18:01
Trump Media Targets Nuclear Fusion Through Merger With TAE. Listen for more on Bloomberg Intelligence https://t.co/jjbmCWEaPk ...
Two Harbors: UWMC Merger Brings Uncertainty Amid Share Price Volatility
Seeking Alpha· 2025-12-18 11:45
Group 1 - Two Harbors Investment (TWO) is set to be acquired by UWM Holdings Corporation (UWMC), which is the publicly traded indirect parent of United Wholesale Mortgage, the leading mortgage lender in America [1] - The acquisition reflects a strategic move in the mortgage lending sector, potentially enhancing UWM's market position and operational capabilities [1] Group 2 - The article does not provide any specific financial metrics or performance indicators related to the acquisition or the companies involved [2][3]
RYVYL Announces Stockholder Approval of Annual Meeting Proposals; Reverse Stock Split Process Commences to Remedy Nasdaq Delisting Notice
Globenewswire· 2025-12-17 22:04
Core Viewpoint - RYVYL Inc. has taken significant steps to maintain compliance with Nasdaq listing requirements, including a proposed reverse stock split and an increase in authorized shares, following stockholder approval at the 2025 Annual Meeting [2][4][5]. Summary by Sections Stockholder Approval - Stockholders approved all proposals at the 2025 Annual Meeting, including a reverse stock split at a ratio between 1-for-20 to 1-for-50 and an increase in authorized shares from 100 million to 500 million [2][3]. Compliance with Nasdaq Requirements - RYVYL received a delisting notice from Nasdaq on December 11, 2025, due to non-compliance with the minimum bid price rule. The company believes the approved reverse stock split will resolve this issue [4][5]. - The company has already addressed stockholder equity issues through a merger with Roundtable, which has sufficient capital to meet Nasdaq's requirements [4][5]. Merger with Roundtable - RYVYL signed a definitive agreement to merge with Roundtable, a Web3-powered digital media platform, which had previously secured $33 million in financing [4][5]. - Roundtable's investment of $6.5 million in preferred stock increased RYVYL's stockholder equity, allowing the company to regain compliance with the Stockholder Equity Rule [4][5]. Timeline of Events - RYVYL received initial notices of non-compliance from Nasdaq in April and June 2025, with deadlines for compliance set for December 9, 2025 [4][5]. - The company rescheduled its 2025 Annual Meeting to allow more stockholders to participate in the vote on the reverse split [4][5]. Future Expectations - Following the reverse stock split and the merger with Roundtable, RYVYL expects to be in full compliance with Nasdaq listing requirements within 10 trading days [6].
Jared Kushner's Affinity Partners pulls out of Paramount bid for Warner Bros. Discovery
NBC News· 2025-12-17 00:53
news reports just into us. This from the business world on that massive media merger we've been telling you about. This is coming into us in like the last maybe hour with two reports saying Warner Brothers Discovery will tell its shareholders to reject one company's office offer to buy them out and instead to pick Netflix.Remember there was this potential bidding war that was at stake here. Paramount versus Netflix to take over this massive media company. Paramount launched that hostile bid for Warner Broth ...
X @Bloomberg
Bloomberg· 2025-12-17 00:10
Shares of GoTo are seeing signs of new life ahead of a shareholders’ meeting that may help pave the way for its long-awaited merger with larger rival Grab https://t.co/qwJwU8nFEO ...
X @The Wall Street Journal
Mergers and Acquisitions - Union Pacific 承诺,如果与 Norfolk Southern 的有争议的合并获得批准,将加快跨国货物交付速度 [1]
Teck and Anglo American receive Government of Canada approval for merger of equals under Investment Canada Act
Globenewswire· 2025-12-16 01:54
Core Viewpoint - The merger between Teck Resources Limited and Anglo American plc has received regulatory approval from the Government of Canada, establishing a new entity named Anglo Teck, aimed at becoming a global leader in critical minerals with significant investments in Canada [1][3][4]. Commitments and Investments - Anglo Teck is committed to investing at least C$4.5 billion in Canada within the next five years, contributing to a total of at least C$10 billion over 15 years [2][12]. - Specific projects include the Highland Valley Copper mine life extension with an expected capital investment of C$2.1 to C$2.4 billion, and up to C$850 million for enhancing critical minerals processing capacity at Trail Operations [13][14]. - Anglo Teck will also advance the development of the Galore Creek and Schaft Creek copper projects with capital expenditures of up to C$750 million [14]. Corporate Structure and Governance - Anglo Teck will have its headquarters in Vancouver, Canada, with a significant majority of its senior management based in Canada, including key executive positions [6][9]. - A substantial proportion of the board of directors will be Canadian, ensuring local representation [9]. Environmental and Social Commitments - The new entity will uphold leading environmental and social practices, honoring existing agreements with Indigenous communities and promoting responsible mining [10][19]. - Anglo Teck plans to invest at least C$200 million in initiatives supporting Indigenous governments and communities [16]. Strategic Importance - The merger is positioned to enhance Canada's role in the global critical minerals market, aligning with government economic strategies and creating benefits for various stakeholders [4][5]. - The establishment of a Global Institute for Critical Minerals Research and Innovation is part of the commitment to foster research and development in the sector [21].
HOLDCO ASSET MANAGEMENT RELEASES PRESENTATION TO THE SHAREHOLDERS OF COMERICA INC.
Prnewswire· 2025-12-15 12:50
Core Viewpoint - HoldCo Asset Management urges Comerica shareholders to vote against the proposed merger with Fifth Third, arguing that the deal undervalues Comerica and that rejecting it could lead to better outcomes with either Fifth Third or other potential buyers [1][2]. Summary by Relevant Sections Merger Concerns - HoldCo criticizes the merger process as unusually rushed, with only a 17-day negotiation period led by CEO Curtis Farmer, who may have conflicts of interest due to potential election contests [2]. - The merger agreement is perceived as offering a bargain price for Fifth Third, as it does not involve tangible book dilution, unlike other recent large-bank mergers [2]. Shareholder Interests - HoldCo believes that shareholders can achieve a better deal by voting against the merger, as the agreement requires both parties to make reasonable efforts to restructure the transaction if it is rejected [2]. - The potential financial benefits for CEO Farmer from the merger, estimated at around $140 million over the next decade, are seen as misaligned with shareholder interests, prompting the call for a higher price or a superior alternative [2]. Litigation Update - HoldCo provides an update on its litigation opposing the merger, emphasizing its economic interest in Comerica's stock, which it owns approximately 1.6% of [1][2].
Thoughts On A Potential Chubb-AIG Merger (NYSE:CB)
Seeking Alpha· 2025-12-11 21:07
Core Insights - The article discusses the author's extensive experience in executive management, particularly in the insurance and reinsurance sectors, as well as knowledge of global and Asia Pacific markets, climate change, and ESG [1]. Group 1 - The author has 36 years of experience in executive management, focusing on insurance and reinsurance [1]. - The author's academic background includes an honours degree in economics and politics with a focus on economic development [1]. - The author invests in a personal capacity, indicating a personal interest in the financial markets [1].
Why Is TEGNA (TGNA) Down 3.2% Since Last Earnings Report?
ZACKS· 2025-12-10 17:30
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].