The Nasdaq edged up 0.09% and the S&P 500 rose 0.02%, while the Dow slipped 0.03%, after the Nasdaq 100 closed at a historic level a day earlier on Israel and Iran signaling the end to their air war, ahead of comments from the Fed.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: CARLOS DELGADO
US futures subdued after record high, as Middle East tensions cool
The Nasdaq edged up 0.09% and the S&P 500 rose 0.02%, while the Dow slipped 0.03%, after the Nasdaq 100 closed at a historic level a day earlier on Israel and Iran signaling the end to their air war, ahead of comments from the Fed. Read here
Parkland shareholders endorse $9.1B Sunoco bid
More than 90% of investors of the Canadian convenience store operator voted in favor of the acquisition offer from the Texas-based fuel distributor, which plans to create America’s largest independent fuel distributor. Read here
PHOTO:HARRISON KEELY
Warburg Pincus eyes stake sale in $4.5B SBI General
The New York-based private equity firm is in advanced discussions to sell its 10% stake in the Indian insurance company, as the buyout firm seeks an exit from its 2019 investment in the State Bank of India subsidiary.Read here
PHOTO: WARBURG PINCUS
NEWS WORTH NOTING
BitGo’s assets in custody jump to exceed $100B
The California-based digital-asset trust company has seen its assets under custody soar from $60 billion to $100 billion driven by rising crypto adoption flowing greater regulatory clarity globally.Read here
TSMC unit to issue $10B of stock to rebut forex swings
Taiwan Semiconductor Manufacturing Co.’s overseas subsidiary is set to issue new stock to shore up its hedging operations in a move to counter a volatile local currency. Read here
Bridgepoint to return $2.3B to investors following exits
The British investment firm is preparing to redistribute funds in its Europe VI buyout vehicle within weeks, following recent divestments in Dorna Sports and Kereis. Read here
Verizon wins 5G contract for UK’s Thames Freeport
The US telecom giant, in partnership with Nokia, has secured a contract to build multiple private 5G networks at one of Britain’s busiest shipping and logistics centers. Read here
Bain posts return as Virgin Australia shares soar on IPO
The private equity giant is flying high after Australian carrier’s successful listing, which saw shares surge 8.3% on debut, landing the firm with a roughly 40% internal rate of return. Read here
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