All articles tagged with #take private bid
Elon Musk is set to take the witness stand in a Twitter shareholder lawsuit alleging he misled investors about funding for his bid to take the company private, with the trial examining his statements and decisions surrounding the bid and their impact on investors.
Papa John’s stock fell by up to 21% after Apollo Global Management withdrew its bid to take the company private at $64 per share, marking the largest drop since March 2020, amid broader industry shifts including Yum! Brands' review of Pizza Hut.
Macy's shares surged 14% after investors Arkhouse Management and Brigade Capital increased their take-private bid to $6.58 billion, valuing the department store operator at $24 per share. The company, which has struggled with sales growth and profitability, is reviewing the new offer after rejecting a prior bid in January. The investors have identified global lenders for financing and are pressuring Macy's by nominating director candidates. Macy's forward price-to-earnings multiple is lower than industry peers, including Kohl's and Nordstrom.