The Federal Trade Commission is set to approve Exxon Mobil's $60B acquisition of Pioneer Natural Resources with minor concessions, though Politico suggests it may hinge on Pioneer's founder not joining Exxon's board due to allegations of collusion.
Genuine Parts Company (NYSE:GPC) acquires Motor Parts & Equipment Corporation (MPEC), the largest independent owner of NAPA Auto Parts stores in the U.S., to strengthen its U.S. Automotive business.
Masonite (NYSE: DOOR) gained 0.8% as the HSR waiting period expired for its $3.9B sale to Owens Corning (NYSE: OC), expected to close next month.
Skydance Media presents its "best and final" offer to merge with Paramount Global, with concessions from the Redstone family and David Ellison to address concerns of smaller investors, amid reported opposition from other stakeholders and impending CEO Bob Bakish's potential ousting.
Paramount Global plans to oust CEO Bob Bakish amid negotiations for a potential merger with Skydance Media, as reported by CNBC, citing sources, with division heads expected to lead discussions ahead of Q1 2024 financials and the expiration of an exclusivity period on Friday.
Dominion Lending Centres (TSX:DLCG:CA) sold its 52% stake in Cape Communications International for $3.71 million, intending to fully repay its junior term facility with the proceeds.
Talks between Abu Dhabi National Oil Co. and OMV regarding their chemicals unit merger face significant delays, potentially extending beyond Austrian national elections, as disagreements persist, notably over cash payments and stock exchange listings.
AssetMark Financial (NYSE:AMK) shares dip 1.7% pre-market as private equity firm GTCR announces a $2.7B acquisition, offering shareholders $35.25 per share in cash, with the company's board unanimously approving the deal, serving over 9,300 financial advisors and 257,000 investor households, expected to close in Q4 with the stock delisted thereafter.
E.W. Scripps explores selling Bounce TV, potentially fetching hundreds of millions; shares rise as interest from potential buyers emerges.
The Federal Trade Commission filed a lawsuit to block Capri Holdings' $8.5 billion sale to Tapestry, alleging it would eliminate competition between Coach, Kate Spade, and Michael Kors, despite Tapestry's insistence that the deal is pro-competitive and Capri Holdings' disagreement with the FTC's decision, with both companies affirming the transaction's benefits and market realities.