Starwood Capital Entities and Jaws Mustang Acquisition Corp announce a non-binding letter of intent for a potential business combination, aiming to list the combined public company on a national securities exchange, involving the ownership of interests in the Initial Portfolio including 1 Hotels properties in Manhattan and Brooklyn, and the De Vere Portfolio in the United Kingdom, under the leadership of Barry Sternlicht, with plans for further expansion and subject to definitive agreement and regulatory approvals.

The Ministry of Corporate Affairs raised merger approval threshold by 150%, exempting acquisitions below Rs 450 crore in assets or Rs 1,250 crore in turnover from Competition Commission of India (CCI) approval for two years; assets and turnover calculation for combinations are contingent on the value of the segment, division, or business involved.

BlackRock (NYSE: BLK) is set to acquire the remaining equity in SpiderRock Advisors, strengthening its presence in the rapidly growing U.S. wealth market, particularly in separately managed accounts (SMAs), which are expected to reach $4 trillion in assets by 2026.

Tripadvisor's stock surged 3.4% as Apollo Global Management expressed interest amid reports of potential acquisition, following Tripadvisor's formation of a special committee to evaluate proposals, with private equity seen as the likely buyer.