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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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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. Since then, the talk has focused on two primary bidders, with one said to be mulling buying only the Glazer stake and leaving the common shares outstanding. That could all soon change.

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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

Thoma Bravo is set to receive $5.75bn in cash from Nasdaq and an equity stake of about 15 per cent in the company, worth nearly $5bn at current prices. “We read more France-based private-equity firm, Antin, offered to buy Opdenergy for €866m euros Opdenergy shares jump 43% following €866m Antin bid Shares in Opdenergy Holdings climbed Monday.

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Brookfield to acquire American Equity in $4.3bn deal

Private Equity Wire

Brookfield to acquire American Equity in $4.3bn deal Submitted 06/07/2023 - 10:52am Canadian private investment firm Brookfield has agreed to acquire the 80% stake it doesn't already own in annuities provider American Equity Investment Life Holding (AEL) in a deal that values the business at $4.3bn. Brookfield's offer of $38.85

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How's AT&T Handling Things?

The Motley Fool

Deidre Woollard: Well, we've got a new company on the stock exchange today, on The New York Stock Exchange. It's new and yet not new. Ricky Mulvey: Yeah, and I think that's something to really highlight there, which is that these aren't just market-leading ideas or market bidding ideas.

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