The Dow moved up by 0.09%, the S&P 500 gained 0.23%, and the Nasdaq rose 0.28%, after oil prices pulled back from sharp gains earlier with investors awaiting Iran’s response to attacks on its nuclear facilities over the weekend.
THE LATEST NEWS ON MERGERS & ACQUISITIONS, CAPITAL MARKETS AND TECH TRENDS
PHOTO: FREEPIK
Wall Street futures edge higher, oil stable as investors eye Iran’s move
The Dow moved up by 0.09%, the S&P 500 gained 0.23%, and the Nasdaq rose 0.28%, after oil prices pulled back from sharp gains earlier with investors awaiting Iran’s response to attacks on its nuclear facilities over the weekend. Read here
QXO offers $5B for GMS, threatens to go hostile
The Connecticut-headquartered building-products distributor has made a bid to acquire its Georgia-based peer in cash and said it will proceed with an aggressive takeover attempt if the proposal is rejected. Read here
PHOTO:QXO
Apple exes held internal talks on buying Perplexity
Executives at the California-based technology giant reportedly discussed potentially bidding for the artificial intelligence startup, Bloomberg News reported citing people with knowledge of the matter.Read here
PHOTO: RELUX
NEWS WORTH NOTING
Tesla rolls out robotaxi in Texas amid enthusiasm
The leading electric vehicle and clean energy company has started giving rides in driverless Model Y SUVs in Austin, a decade after CEO Elon Musk envisioned the company’s potential and ability to launch such a service.Read here
Spectris snubs KKR bid for $5.9B Advent buyout offer
The British precision instruments maker has agreed to a debt-inclusive acquisition deal by the Boston-based private equity firm, marking Britain’s biggest takeover this year. Read here
Prosus confident of EU
nod to $4.7B Just Eat deal
The Dutch internet investment firm is “very confident” of securing early antitrust approval for its acquisition of the Amsterdam-based online food delivery platform. Read here
Eni sells Plenitude stake to Ares Management for $2.3B
The Italian energy group has sold a 20% share in its retail and renewables business to the American alternative investment manager as part of its long-term strategy. Read here
Walmart-backed PhonePe seeks $1.5B in Indian IPO
India’s largest provider of digital payments is preparing to file preliminary documents for an initial public offering that may raise as much as $1.5 billion. Read here
