Credit Suisse shares spike on reported State Street takeover interest

Credit Suisse shares spike on reported State Street takeover interest

The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register MILAN, June 8 (Reuters) – Shares in Credit Suisse (CSGN.S) turned sharply higher on Wednesday afternoon, with traders citing an Inside Paradeplatz … Read more

Exclusive: Musk’s Twitter deal threats put new financing on ice – sources

Exclusive: Musk's Twitter deal threats put new financing on ice - sources

June 7 (Reuters) – Elon Musk’s efforts to arrange new financing that will limit his cash contribution to his $44 billion acquisition of Twitter Inc (TWTR.N) have been put on hold because of the uncertainty surrounding the deal, people familiar with the matter said. Musk has been threatening to walk away from the deal unless … Read more

Musk threatens to drop Twitter deal if fake-account data not provided

Musk threatens to drop Twitter deal if fake-account data not provided

June 6 (Reuters) – Elon Musk on Monday warned that he might walk away from his $44 billion offer to acquire Twitter Inc (TWTR.N) if the social media network failed to provide data on spam and fake accounts. In a letter to Twitter, the billionaire reiterated his request for details on bot accounts and said … Read more

Exclusive: Credit Suisse weighs options to strengthen capital – sources

Exclusive: Credit Suisse weighs options to strengthen capital - sources

The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, May 30 (Reuters) – Credit Suisse (CSGN.S) is in the early stages of weighing options to bolster its capital after … Read more

Chipmaker Broadcom to buy cloud services firm VMware in $61 bln deal

Chipmaker Broadcom to buy cloud services firm VMware in $61 bln deal

May 26 (Reuters) – Broadcom Inc (AVGO.O) said on Thursday it will acquire cloud computing company VMware Inc (VMW.N) in a $61 billion cash-and-stock deal, the chipmaker’s biggest and boldest bid to diversify its business into enterprise software. The acquisition is the second biggest announced globally so far this year, trailing only Microsoft Corp’s (MSFT.O) … Read more

In a faceoff with Elon Musk, the SEC blinked

In a faceoff with Elon Musk, the SEC blinked

Judge’s remarks in 2019 knocked SEC’s confidence court would back them Core issue – what is “material” information – was left to Musk and Tesla to decide As some tweets went unvetted, SEC opted to urge Musk to comply, rather than go to court SEC was also uneasy about risk of starting litigation given Musk’s … Read more

Allianz to pay $6 billion in US fraud case, fund manager charged

Allianz to pay $6 billion in US fraud case, fund manager charged

NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its US asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic. Allianz’s settlements with the US Department of Justice and US Securities and … Read more

Musk seeks proof on share of spam bot on Twitter for deal to progress

Musk seeks proof on share of spam bot on Twitter for deal to progress

May 17 (Reuters) – Elon Musk said on Tuesday his $44 billion offer would not move forward until Twitter Inc (TWTR.N) shows proof that spam bots account for less than 5% of its total users, hours after suggesting he could seek a lower price for the company. “My offer was based on Twitter’s SEC filings … Read more

JetBlue goes hostile to buy Spirit Airlines after rejection

JetBlue goes hostile to buy Spirit Airlines after rejection

CHICAGO/WASHINGTON, May 16 (Reuters) – JetBlue Airways Corp (JBLU.O) is not taking no for an answer in its quest to buy rival Spirit Airlines (SAVE.N). On Monday, the New York-based carrier launched a hostile all-cash takeover bid for Spirit Airlines, two weeks after the low-cost carrier rejected an offer from the larger rival. JetBlue, which … Read more

Explainer: Can Elon Musk renegotiate a lower price for his Twitter deal?

Explainer: Can Elon Musk renegotiate a lower price for his Twitter deal?

May 11 (Reuters) – Twitter Inc (TWTR.N) shares have plunged to their lowest level since the social media company agreed to sell itself to Elon Musk for $44 billion on April 25, raising questions over whether the world’s richest person will try to renegotiate the deal. On Tuesday, the implied probability of the deal closing … Read more