US Steel shareholders approve Nippon buyout despite political opposition
U.S. Steel shareholders on Friday approved a $14.9 billion acquisition by Japan’s Nippon Steel, despite opposition from the Biden administration, steelworkers and members of Congress. “#USSteel is pleased to report that, based on preliminary vote counts, 98% of our stockholders voted to approve our proposed merger with Nippon Steel,” US Steel announced. post Go to […]
Ronna McDaniel seeking $600k buyout from NBC, earning $500 per second during her ‘Meet the Press’ appearance
NBC could be in an ugly legal battle with former RNC chairwoman Ronna McDaniel, whom NBC fired days after signing a two-year contract as a contributor. Fox News’ Alexis McAdams reported Wednesday on “The Faulkner Focus” that McDaniel is seeking a buyout from a two-year, $600,000 contract, according to a person familiar with the deal. […]
Arkhouse, Brigade raise Macy’s buyout bid to $6.6B
Arkhouse Management, a real estate investment firm, announced Sunday that it and Brigade Capital Management have increased their offer for Macy’s after the department store chain rejected an earlier offer as too low. The companies are currently offering to acquire Macy’s shares they don’t already own for $24 per share, about 14% higher than their […]
Hornets’ Kyle Lowry agrees to buyout, reaches $2.8M deal with 76ers
The veteran guard who won an NBA championship is leaving for the Knicks’ Eastern Conference rival. Charlotte Hornets guard Kyle Lowry, who was one of the leaders of the Toronto Raptors’ NBA title-winning team, agreed to a contract buyout on Saturday night, putting him on track to sign with the Philadelphia 76ers for the remainder […]
Macy’s could get takeover bid from buyout firm Sycamore Partners
Private equity giant Sycamore Partners is exploring the possibility of acquiring Macy's, even though the iconic retail chain rejected an unsolicited offer from another bidding group this week. The Post reported. Sycamore, a prolific acquisition company with retail properties such as Ann Taylor, Talbots and regional department store chain Belk, has reportedly been in secret […]
How buyout firms are boosting profits despite a lack of deals
After a so-called “lost year” in which private equity volumes slumped amid soaring interest rates, buyout executives are making large sums of money, even if they are essentially just moving money around. is keen to leverage its capital. Entering a “continuation fund”: A method of rolling assets from one fund to another within the same […]