Corporate acquisition
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Allegiant to acquire Sun Country Airlines for $1.5B
New York Post· 2026-01-11 23:12
Group 1 - Allegiant will acquire Sun Country Airlines in a deal valued at approximately $1.5 billion, including debt, with Sun Country shareholders receiving 0.1557 Allegiant shares and $4.10 in cash for each share, valuing the stock at $18.89, a premium of about 19.8% to its previous close of $15.77 [1][2] - The acquisition will expand the combined company's network, adding more destinations across the US and international markets, with a fleet of about 195 aircraft [2][3] - The combined company is expected to generate $140 million in annual synergies by the third year after closing, and the transaction will be accretive to earnings per share in the first year [2] Group 2 - Upon closing, Allegiant and Sun Country shareholders will own approximately 67% and 33% of the combined company, respectively [4] - Allegiant CEO Gregory Anderson will lead the combined company as CEO, while Robert Neal will serve as president and CFO, and Sun Country CEO Jude Bricker will join the board of directors [4] - The deal is anticipated to close in the second half of 2026 [2][5]
TP ICAP to Acquire Vantage Capital Markets, Expanding Global Broking Capabilities
Businesswire· 2026-01-09 08:00
Core Viewpoint - TP ICAP Group has agreed to acquire Vantage Capital Markets, enhancing its position in equity derivatives and fixed income, particularly in APAC markets, while allowing Vantage to utilize TP ICAP's extensive US presence [1][2]. Group 1: Acquisition Details - The acquisition is subject to regulatory approval and is expected to close in Q2 2026 [4]. - Vantage Capital Markets has a significant presence in London, Hong Kong, Tokyo, and Dubai, employing over 80 brokers and serving more than 800 institutional clients globally [6]. Group 2: Strategic Implications - This acquisition is part of TP ICAP's targeted investment strategy aimed at driving profitable growth, expanding global reach, and broadening product offerings [3]. - The leadership team of Vantage will remain in place, ensuring continuity and stability for clients [2]. Group 3: Leadership Comments - Nicolas Breteau, CEO of TP ICAP, expressed enthusiasm about the acquisition, highlighting the potential for growth in key APAC markets and the US [3]. - Roderick Wurfbain, CEO of Vantage, noted that joining TP ICAP marks an exciting new chapter and is expected to accelerate growth, particularly in the US [4].
Anta Sports Resurfaces as Puma’s Potential White Knight
Yahoo Finance· 2026-01-08 20:49
How much is Puma SE worth? Chinese firm Anta Sports reportedly has made an offer to acquire the 29 percent stake owned by Artémis. Founded in 1992, Artémis is the investment company of the Pinault family. It’s chairman is François-Henri Pinault, who is also chairman of French luxury firm Kering. Pinault has previously said that Puma is “not a strategic asset” and that Artémis was “keeping all its options open.” More from WWD Reuters was first to report Thursday that the offer was made a few weeks ago, b ...
Kenvue Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Kenvue Inc. - KVUE
Prnewswire· 2026-01-07 22:11
NEW YORK and NEW ORLEANS, Jan. 7, 2026 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Kenvue Inc. (NYSE: KVUE) to Kimberly-Clark Corporation (NasdaqGS: KMB). Under the terms of the proposed transaction, shareholders of Kenvue will receive $3.50 in cash plus 0.14625 Kimberly-Clark shares for each share of Kenvue that they own. KSF is seeking to determine whether this consideration and t ...
Civitas Resources Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Civitas Resources, Inc. - CIVI
Prnewswire· 2026-01-07 21:45
NEW YORK and NEW ORLEANS, Jan. 7, 2026 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Civitas Resources, Inc. (NYSE: CIVI) to SM Energy Company (NYSE: SM). Under the terms of the proposed transaction, shareholders of Civitas will receive 1.45 shares of SM Energy common stock for each share of Civitas that they own. KSF is seeking to determine whether this consideration and the process ...
REV Group Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of REV Group, Inc. - REVG
Prnewswire· 2026-01-07 21:44
NEW YORK and NEW ORLEANS, Jan. 7, 2026 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of REV Group, Inc. (NYSE: REVG) to Terex Corporation (NYSE: TEX). Under the terms of the proposed transaction, shareholders of REV Group will receive $8.71 in cash plus 0.9809 of a share of the combined company for each share of REV Group that they own. KSF is seeking to determine whether this considerat ...
Comcast's TV spin hands Paramount more ammunition in its Warner Bros campaign
Reuters· 2026-01-07 20:51
Paramount Skydance gained fresh ammunition in its campaign to convince Warner Bros Discovery shareholders that its $108.4 billion bid for the storied Hollywood studio, HBO, and Discovery Channel is the better offer: the market's response to Comcast's spin-off. ...
Warner Bros. Discovery rejects Paramount’s bid again, calls it a ‘leveraged buyout’
Yahoo Finance· 2026-01-07 14:56
The bidding war for Warner Bros. Discovery (WBD) and its extensive library of hit TV shows and films like “Harry Potter,” “Game of Thrones,” and the DC Comics titles is dragging on. The studio on Wednesday said its board had unanimously rejected Paramount Skydance’s revised $108.4 billion bid, calling the proposal a “leveraged buyout” that would encumber the company with $87 billion in debt. In a letter to shareholders, WBD urged them to reject the offer, saying the “extraordinary amount” of debt Param ...
Denny’s shareholders file lawsuit over proposed acquisition
Yahoo Finance· 2026-01-06 17:23
You can find original article here Nrn. Subscribe to our free daily Nrn newsletters. Denny’s is facing shareholder lawsuits related to its proposed buyout by PE firm TriArtisan Capital Advisors, first announced in early November. According to an 8-K filing with the Securities and Exchange Commission from Jan. 5, a lawsuit was filed on Dec. 16 in the Supreme Court of the State of New York by shareholder Mark Thomas. Another lawsuit was filed on Dec. 17 in the same court by shareholder James Walsh. T ...
Westlake Strengthens Global Compounds Portfolio With Acquisition of ACI Compounding Solutions Business
Businesswire· 2026-01-05 16:49
HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) ("Westlake†) announced today that it has completed the acquisition of the global compounding solutions businesses of the ACI/Perplastic Group (collectively, "ACI†). Headquartered in Portugal, ACI is a global manufacturer of specialty materials, primarily serving the wire and cable sectors. "The integration of ACI with Westlake's compounding operations represents a strong strategic alignment, offering significant opportunities to further. ...