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Why Investors Had a Meltdown Over Virgin Galactic's Reverse Split News

The Motley Fool

Hence the investors' knee-jerk reaction: selling Virgin Galactic stock on news of the reverse split. Under New York Stock Exchange rules, stocks must maintain share prices of $1 or more, or risk getting delisted. NYSE doesn't want a bunch of penny stocks cluttering up its feed, you see.

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Sycamore vies to take Nordstrom private

Private Equity Insights

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter Sign up Sycamore declined to comment while representatives for Nordstrom did not immediately respond to a request for comment. Nordstrom shares rose 6% to $19.90 Nordstrom also had long-term debt of $2.9 billion as of the end of December.

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Stonepeak Seals $7.4bn Deal for Textainer

Private Equity Insights

The deal, which values Textainer at approximately $7.4bn or $50 per share, did not attract any competing bids during this period. Once finalized, Textainer will transition from a public entity to a private company and will no longer be listed on the New York Stock Exchange (NYSE) and Johannesburg Stock Exchange (JSE).

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Why Manchester United Stock Is Down Big Today

The Motley Fool

What happened Manchester United (NYSE: MANU) reportedly got taken off the market because its controlling shareholders failed to receive their target valuation from bidding companies. Investors are disappointed, sending share prices of the storied English soccer club down as much as 20% on Tuesday.

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Why Manchester United Stock Soared This Week

The Motley Fool

The team is majority owned by the Glazer family, but some of its shares trade on the New York Stock Exchange. The stock is also likely being bid up on excitement from Manchester United supporters, who have grown tired of the Glazers' ownership and are eager to see a deal get over the finish line.

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PE majors eyeing $15bn schools group Nord Anglia

Private Equity Wire

The report cites unnamed sources familiar with the process, as coffering that final bids for a majority stake in the London-based group are due later this month, potentially valuing the business at up to $15bn. Notable institutions in its portfolio include Oxford International College in the UK and Avenues in New York.

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Thoma Bravo exits financial risk software company Adenza to Nasdaq for $10.5bn

Private Equity Insights

In 2020, New York Stock Exchange owner Intercontinental Exchange acquired mortgage software specialist Ellie Mae from Thoma Bravo for $11bn, another deal led by Spaht, that was one of the most successful private equity deals in recent years.