The “art” of doing business has become quite a difficult sale this year. Rainmakers in the global M&A business saw the count of completed deals drop to $ 1.11 trillion in the first six months of the year, about half the volume seen during the same period in 2019, for …
Read More »Tesla’s shares soared. Then $ 55 billion was stripped of its value.
Text size Monday’s reversal was the biggest change from positive to negative for Tesla since June 30, 2010, one day after it went public. Photography by Andreas Dress After a wild Monday, Tesla shares lost about $ 55 billion from their intraday peak and closed 3.1%, after rising more than …
Read More »Bill Ackman’s Pershing Square wants to raise $ 4 billion for his SPAC
Text size Bill ackman Bryan Bedder / Getty Images for the New York Times Bill Ackman’s Pershing Square Capital Management made a splash in late June, when he asked to raise a $ 3 billion blank check company with some unconventional terms. Voluntary initial public offering investors are clearly plentiful: …
Read More »Bill Ackman’s Pershing Square wants to raise $ 4 billion for his SPAC
Text size Bill ackman Bryan Bedder / Getty Images for the New York Times Bill Ackman’s Pershing Square Capital Management made a splash in late June, when he asked to raise a $ 3 billion blank check company with some unconventional terms. Voluntary initial public offering investors are clearly plentiful: …
Read More »Spartan buys Fisker for $ 2.9 billion. What it says about hot electric vehicle stocks.
Text size Fisker believes that Ocean is the world’s most sustainable all-electric SUV. Courtesy of Fisker. It’s official. Spartan Energy Acquisition is buying California-based electric vehicle maker Fisker in a deal that values the startup at $ 2.9 billion, another $ 1 billion valuation for the ultra-powered alternative fuel space. …
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