All articles tagged with #takeover offer
Originally Published 2 years ago — by The Wall Street Journal
Choice Hotels has publicly announced a $7.8 billion takeover offer for Wyndham Hotels & Resorts, aiming to merge two of the largest budget hotel owners in the US. The companies had been in talks for several months before breaking off last month. Wyndham has rejected the offer, citing concerns about risk and undervaluation of its growth potential.
Originally Published 2 years ago — by Reuters
Private equity firm Veritas Capital has made a takeover offer to acquire Canadian software company BlackBerry, which has seen a 17% increase in its U.S-listed shares. BlackBerry had previously announced a review of strategic alternatives, including the possible separation of its businesses. The details of the offer have not been disclosed, and neither Veritas nor BlackBerry have commented on the matter. BlackBerry, known for its business smartphones, discontinued its smartphone business last year and has been attempting to sell its legacy patents related to mobile devices.
Originally Published 2 years ago — by Yahoo Finance
Private equity firm Veritas Capital has made a takeover offer for Canadian software company BlackBerry, causing the company's U.S-listed shares to rise by about 17%. BlackBerry had previously announced a review of strategic alternatives, including the possible separation of its businesses. The details of Veritas' offer are currently unknown, and neither Veritas nor BlackBerry have commented on the matter. BlackBerry, known for its business smartphones, discontinued its smartphone business last year and has been attempting to sell its legacy patents related to mobile devices. In May, the company announced the sale of these patents to Malikie Innovations Limited for up to $900 million after a previous deal fell through.
Originally Published 2 years ago — by Yahoo Finance
Private equity firm Veritas Capital has made a takeover offer for Canadian software company BlackBerry. The details of the offer are currently unknown, and neither Veritas nor BlackBerry have commented on the matter. BlackBerry had previously announced its intention to review strategic alternatives, including the possible separation of its businesses. The company, known for its business smartphones, discontinued its smartphone business last year and has been attempting to sell its legacy patents related to mobile devices.
Originally Published 2 years ago — by The Columbus Dispatch
Shares of Columbus-based auto insurance company Root more than doubled on Wednesday after a report that Embedded Insurance has offered to buy the company for $19.34 a share, valuing it at around $280 million. Root, which went public in October 2020, has struggled since then, with shares tumbling more than 90%, staff cuts, and rate hikes. However, CEO Alex Timm said in May that the company was on a path toward profitability.