All articles tagged with #financing concerns
Originally Published 27 days ago — by Bloomberg.com
Warner Bros. Discovery plans to reject Paramount's hostile takeover bid due to concerns over financing and terms, favoring its existing agreement with Netflix, and is likely to urge shareholders to reject the offer, with the situation still evolving.
Originally Published 2 years ago — by Reuters
Macy's has rejected a $5.8 billion bid from Arkhouse Management and Brigade Capital Management to take the department store private, citing concerns over deal financing and valuation. The investor group proposed to acquire the shares they don't already own for $21 a share, but Macy's deemed the offer lacking compelling value and expressed doubts about the financing. The bid has drawn attention to the undervaluation of Macy's real estate, which is estimated to be worth billions, and comes as the company announced job cuts and store closures in an effort to streamline operations.