Subway Sandwich’s Potential Sale, Walt Disney’s CEO Faces New Challenge, Second Day of Flight Delays After System Outage: Today’s Top Stories
Wall Street Journal FAA System Outage Causes Second Day of Flight Delays Wednesday morning Federal Aviation Administration (FAA) witnessed an outage of the system that sends messages to pilots. The delays persisted into a second day, Thursday. However, airlines moved to resume normal operations after the FAA temporarily paused domestic departures, which led to a […]
Subway’s Potential Sale: Eat Fresh for $10 Billion or More
Sandwich chain Subway is exploring a potential sale that could value the company at more than $10 billion and has retained advisers. “As a privately held company, we don’t comment on ownership structure and business plans,” Subway said. “We continue to be focused on moving the brand forward with our transformational journey to help our franchisees be […]
WWE, Saudi Arabia’s Problematic Yet Profitable Past: Sale Rumors Swirl As Co-CEO Resigns
World Wrestling Entertainment (NYSE: WWE) is still for sale Wednesday. The wrestling promotion was the subject of widespread rumors this week concerning a deal with Saudi Arabia’s Public Investment Fund, but multiple media sources are confirming that the company has not been sold. The reports come as Stephanie McMahon, the daughter of longtime promoter and former WWE CEO […]
Activist Investor Builds Stake In Bayer, Pushes Breakup
Activist investor Bluebell Capital Partners has built a stake in Bayer AG (OTC: BAYRY) (OTC: BAYZF) and is pushing it to split up. The activist has been speaking to Bayer’s supervisory board behind the scenes over the past few months. Bluebell has accumulated an undisclosed holding and is seeking an overhaul of Bayer’s corporate governance, Bloomberg … Full story […]
Coinbase Discloses Restructuring Plan Amid Macro Headwinds, Pfizer Rebuts Generic Version Of COVID-19 Oral Treatment In China, Microsoft Mulls $10B Investment In ChatGPT Owner: Today’s Top Stories
Benzinga Coinbase Bows Down To Macro Headwinds, To Let Go Of 950 Employees Coinbase Global, Inc (NASDAQ: COIN) disclosed a restructuring plan letting go of 950 employees, helping it reduce its operating expenses by 25% amid the crypto meltdown. Coinbase looks to incur $149 million – $163 million in total restructuring expenses, consisting of $58 million […]
Oak Street Health Might Be Next On Radar As M&A Pick For CVS Health
Oak Street Health Inc (NYSE: OSH) shares are trading higher as CVS Health Corp (NYSE: CVS) is reportedly exploring an acquisition of primary care center operator. Bloomberg News reported on Monday, citing people familiar with the matter. The report added that no final decision has been made, and discussions could fall through. Oak Street operated 169 centers across the U.S., […]
Pfizer Mulls Strategic Options For Some Early-Stage Rare Disease Candidates
Pfizer Inc (NYSE: PFE) is reportedly exploring options for some early-stage candidates for rare diseases, including developing new viral-based gene therapies. Financial newspaper Barron’s first reported on Thursday. The U.S. pharma giant said these options included collaborations with other drug developers for these medicines or establishing a new company, with an aim to focus on “high-impact” […]
Over $400M Robinhood Stock Linked To Sam Bankman-Fried, Dell Eyes Reducing Dependence On China, Walgreens Swings To Quarterly Loss: Top Stories Today
Benzinga $465M Of Robinhood Stock Linked To Sam Bankman-Fried To Be Seized By Justice Department The U.S. Department of Justice is working to seize $465 million worth of Robinhood Markets Inc (NASDAQ: HOOD) shares associated with Sam Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange. The prosecutors are not considering the 56 million Robinhood shares to be a part of the […]
ACI Worldwide Mulls Potential Sale To Private Equity
ACI Worldwide Inc (NASDAQ: ACIW) is reportedly discussing a potential sale with private equity firms. The payments-software provider said it is working with financial advisers as it fields takeover interest, Bloomberg reported. One of the people told Bloomberg there’s no certainty ACI will reach a deal given the … Full story available on Benzinga.com Read More
Tokyo Gas Poised To Acquire US Natural Gas Producer From Private Equity In Almost $5B Deal
Tokyo Gas Co Ltd’s (OTC: TKGSY) (OTC: TKGSF) unit is reportedly in advanced talks to buy Rockcliff Energy from Quantum Energy Partners for about $4.6 billion. The unit, TG Natural Resources, which is 70% owned by Tokyo Gas, is expected to announce the deal sometime this month, the sources told Reuters. Castleton … Full story available on Benzinga.com Read More