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Warner Bros. Discovery says it's open to a sale after ‘unsolicited offers,' stock surges 8%
New York Post· 2025-10-21 13:56
Warner Bros. Discovery on Tuesday said it is open to a sale after receiving “unsolicited interest” from multiple parties — sending the media giant’s stock up more than 8% in early trading.The surprise announcement came as CEO David Zaslav expanded the company’s ongoing strategic review, confirming that the embattled entertainment giant will consider offers for all or part of the business.Zaslav said Warner Bros. Discovery, which owns HBO, CNN and the Warner Bros. studio, has been preparing to split into two ...
Why GitLab Stock Suddenly Rocketed Higher in Late Action Today
Yahoo Finance· 2025-10-16 21:51
Key Points The niche software specialist apparently has a peer willing to acquire it. According to a report in financial media, that would-be buyer is attempting to arrange financing for a deal. 10 stocks we like better than GitLab › The stock of software development, security, and operations company GitLab (NASDAQ: GTLB) saw a sudden blast of investor interest Thursday. Thanks to the resulting share price spike as the market barreled to a close the day, the tech company's share price ended up risi ...
Bavarian Nordic’s shareholders and board in standoff amid takeover offer
Yahoo Finance· 2025-10-16 11:04
Bavarian Nordic’s board of directors has urged shareholders to accept a sweetened takeover offer as the potential sale of the company continues to stall. A consortium led by Nordic Capital and Permira came back to Bavarian Nordic shareholders with an offer of DKr250 ($39) per share on, increasing its initial bid that failed to win sufficient support from investors in August 2025. At the time, the prospective buyers had offered DKr233 per share for the Danish vaccine specialist. Shares in Bavarian Nordic ...
BBVA’s takeover bid secures only 2.8% acceptance from Sabadell shareholders
Yahoo Finance· 2025-10-15 12:02
Spain’s market regulator (CNMV) has revealed that a mere 2.8% of Sabadell shareholders with shares deposited at the bank have accepted the takeover offer from banking giant BBVA. Approximately 31% of Sabadell's share capital is held by clients who are also shareholders. It implies that an overwhelming 97.2% have declined the bid, reported Catalan News. In total, the shares tendered in favour of the takeover amount to only 1.1% of Sabadell’s total share capital. The fate of the remaining shareholders is ...
X @Bloomberg
Bloomberg· 2025-09-29 15:41
Takeover Bid - Nordic Capital and Permira extended the offer period for Bavarian Nordic A/S takeover bid [1] - The offer price remains unchanged despite investor opposition to the valuation [1] Valuation Concerns - Key investors are pushing back against the valuation of the Danish vaccine maker [1]
Strathcona Resources Ltd. Responds to MEG Board Recommendation
Prnewswire· 2025-09-16 07:13
Core Viewpoint - Strathcona Resources Ltd. expresses disappointment over MEG Energy Corp.'s Board of Directors' decision to favor the arrangement agreement with Cenovus Energy Inc. over Strathcona's superior Amended Offer, which provides an upfront premium and future growth potential for MEG shareholders [2][3]. Company Actions - Strathcona encourages MEG shareholders to vote against the MEG Board Deal and to deposit their shares under the Amended Offer before the expiration time of October 20, 2025 [4][3]. - The company has posted a new presentation on its website to correct what it claims are misleading statements made by the MEG Board [2]. Shareholder Engagement - Strathcona has received strong support from MEG shareholders for its Amended Offer and has thanked those who have already deposited their shares [3]. - The company holds approximately 14.2% of MEG's shares and intends to vote against the MEG Board Deal at the special meeting scheduled for October 9, 2025 [3][13]. Offer Details - The Amended Offer is set to expire at 5:00 p.m. Mountain time on October 20, 2025, following the special meeting of MEG shareholders [3]. - Strathcona's Amended Offer is characterized as superior due to its upfront premium and the opportunity for MEG shareholders to participate in a larger, stronger business [2].
Wall Street trader hits $5 million jackpot with well-timed bet on Warner Bros stock
New York Post· 2025-09-11 21:15
Core Insights - An unidentified Wall Street trader made a significant profit of approximately $5 million by purchasing call options on Warner Bros Discovery stock just before news of a potential takeover bid by Paramount Skydance emerged [1][5][8] Group 1: Trader's Actions - The trader invested nearly $6 million in 100,000 call options for Warner Bros when the stock was priced at $13.10 [2] - The options allowed the trader to purchase 10 million shares at $15 each before December 19 [4] - Following the news of the potential bid, the stock price surged over 35%, closing at $16.17, which is a 28% increase from the opening price [5][7] Group 2: Market Reaction - The announcement of the potential takeover bid led to a significant increase in Warner Bros' stock price, making the trader's options "in the money," allowing for profitable selling or exercising of the contracts [7] - Bloomberg News estimated the trader's paper profit to be between $4 million and $6 million due to the stock price surge [8] Group 3: Background on Paramount Skydance - Paramount Skydance is reportedly preparing a bid for Warner Bros Discovery with assistance from Larry Ellison's family, specifically his son David, who is the chairman and CEO of Paramount Skydance [5][9]
BBVA to Continue Takeover Bid for Sabadell Despite Sale of TSB
PYMNTS.com· 2025-07-04 21:42
Group 1 - BBVA is pursuing a takeover of Banco Sabadell, despite Sabadell's decision to sell its U.K. unit, TSB [1][2] - Sabadell plans to sell TSB to Banco Santander for £2.9 billion (approximately $4 billion) and will use the proceeds to fund a €2.5 billion (about $2.9 billion) extraordinary cash dividend for shareholders [3][4] - The sale of TSB is seen as a strategy by Sabadell to enhance shareholder value and defend against BBVA's takeover bid [2][5] Group 2 - BBVA may make a tender offer to Sabadell's shareholders within weeks, although it has not made a final decision and could potentially withdraw from the deal [2] - Banco Sabadell's Chairman stated that the transaction is beneficial for the bank and its shareholders, allowing for an extraordinary dividend while maintaining a capital ratio above 13% [4] - Santander's acquisition of TSB is expected to strengthen its position in the U.K. market, creating the third largest bank in the country by personal current account balances [5] Group 3 - The Spanish government has indicated that BBVA's offer can proceed, provided that BBVA and Sabadell maintain separate operations for a period of three to five years [6]