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Take Private

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CVC faces minority revolt over Recordati delisting price
mergers-and-acquisitions25 days ago

CVC faces minority revolt over Recordati delisting price

CVC’s €51.29-a-share bid to take Recordati private, valuing the company at about €10.7bn, has sparked opposition from minority investors and a split board, with independent directors arguing the offer undervalues the company and pressures holders to tender. CVC says the premium reflects Recordati’s complex structure and risks around its blockbuster rare-disease drugs. With six minority shareholders and Palliser Capital voicing concerns, the deal faces questions over valuation, governance, and whether CVC can reach the 90% threshold to squeeze out remaining holders; if not, the firm may pursue a delisting via merger or other exit options and could consider alternative sale routes.

via Financial Times|
#cvc-capital-partners#mergers-and-acquisitions#private-equity
EA's Saudi takeover sparks culture, job-security fears amid debt-fueled expansion
business1 month ago

EA's Saudi takeover sparks culture, job-security fears amid debt-fueled expansion

EA’s $55 billion take-private by a Saudi-led consortium including the PIF has ignited worker fears that creative direction and company culture could bend to Saudi interests, a concern amplified by allegations of “pixelwashing” and human-rights issues. Anonymous employees describe a widening exec–staff divide, worry about future layoffs or project cancellations to service a JP Morgan‑backed $20 billion debt, and note that vested stock may cushion some but not all. EA says there will be no immediate layoffs and vows continued investment, but many staff remain skeptical about the deal’s long-term impact on their jobs and on what gets greenlit.

via Game Developer|
#business#ea#layoffs
Peltz's Trian Eyes Wendy's Take-Private, Fueling Stock Rally
business1 month ago

Peltz's Trian Eyes Wendy's Take-Private, Fueling Stock Rally

Wendy's shares jumped after reports that Nelson Peltz's Trian Fund Management is assembling a consortium to take the company private, possibly with BlueFive Capital and Flynn Group; a formal bid could come in coming weeks. Trian is Wendy's largest shareholder, with the fund owning about 7.9% and Peltz himself around 16%, and the company is undergoing a turnaround under CEO Bob Wright amid six straight quarters of declining same-store sales. While a go-private deal could accelerate reform, the reports are unconfirmed and the business fundamentals remain challenging, with sizable short interest.

via Yahoo Finance|
#business#nelson-peltz#private-equity
Trian moves toward take-private bid for Wendy’s as shares surge
mergers-acquisitions-and-takeovers1 month ago

Trian moves toward take-private bid for Wendy’s as shares surge

Nelson Peltz’s Trian Fund Management is nearing a formal take-private bid for Wendy’s, potentially with BlueFive Capital and Flynn Group; Wendy’s stock jumped about 12% on the report as Trian’s stake (>24% combined) could trigger board review and a private-sale process if a bid materializes, though timing remains uncertain after Wendy’s weak Q2 results and dividend cut.

via Yahoo Finance|
#bluefive-capital#mergers-acquisitions-and-takeovers#nelson-peltz
EA Goes Private in $55B Buyout, Overhauls Leadership
business2 months ago

EA Goes Private in $55B Buyout, Overhauls Leadership

Electronic Arts completed a $55 billion leveraged buyout led by Saudi Arabia's Public Investment Fund, taking the company private at $210 per share and delisting from NASDAQ. CEO Andrew Wilson named Cam Weber as chief studios officer and David Tinson as COO (and presidents) as part of a leadership overhaul to drive growth and innovation, including AI initiatives.

via GamesIndustry.biz|
#business#electronic-arts#leadership-changes
Berkshire to Take Taylor Morrison Private in $8.5 Billion Homebuilder Buyout
business4 months ago

Berkshire to Take Taylor Morrison Private in $8.5 Billion Homebuilder Buyout

Berkshire Hathaway will acquire Taylor Morrison Home Corporation in an all-cash deal with a total enterprise value of about $8.5 billion, paying $72.50 per share (a 24% premium to the May 29 close). Equity value is roughly $6.8 billion, and Taylor Morrison will delist from the NYSE to join Berkshire’s private portfolio. Sheryl Palmer is expected to stay on as CEO, and completion is anticipated in the second half of 2026 after shareholder and regulatory approvals. The deal expands Berkshire’s housing platform and follows Greg Abel’s leadership of the transaction, with Buffett noting Abel’s efficiency.

via Yahoo Finance|
#berkshire-hathaway#business#homebuilding
"Arkhouse and Sycamore Partners Compete in Bid to Take Macy's Private Amid Declining Sales"
business2 years ago

"Arkhouse and Sycamore Partners Compete in Bid to Take Macy's Private Amid Declining Sales"

Arkhouse has secured financing to take Macy's private at a bid of $5.8 billion, but has faced obstacles due to the department store retailer's lack of cooperation on due diligence. Managing partner Gavriel Kahane stated that the next steps depend on Macy's management response, as Arkhouse is prepared to take all necessary steps, including going directly to shareholders. Despite a rejected bid and refusal to enter a non-disclosure agreement, Arkhouse remains open to raising its offer if Macy's management allows diligence to begin.

via CNBC|
#arkhouse#business#financing