Peugeot shareholders say yes to merger with Fiat Chrysler
The new company is called Stellantis and is the world's 4th-largest automaker. Enlarge (credit: Rafael Henrique/SOPA Images/LightRocket via Getty Images) For the past few years, Fiat Chrysler Automobiles has been looking to get married. After.....»»
BrewDog Exposes Data of 200,000 Customers and Shareholders
An anonymous reader quotes a report from TechRadar: BrewDog, one of the world's largest craft beer brewers, has exposed personally identifiable information (PII) belonging to more than 200,000 of its shareholders and customers, according to cybersecu.....»»
Corporate insiders disguise share sales with cautious approach to deter predatory short sellers
Company directors, officers or major shareholders, worried that their personal share sales might trigger aggressive short selling from investors tracking their moves, are disguising their trades with a cautious, incremental approach often spread over.....»»
Chip M&A deals reach US$22 billion in first 8 months of 2021
After a record-high start in the first quarter of 2021, semiconductor merger and acquisition announcements cool off a bit without the "megadeals" seen in 2020, according to IC Insights......»»
Facebook paid FTC $4.9B more than required to shield Zuckerberg, lawsuit alleges
Shareholders say the overpayment was an "express quid pro quo." Enlarge / Facebook CEO Mark Zuckerberg testifies before a combined Senate Judiciary and Commerce committee hearing in the Hart Senate Office Building on Capitol Hill April 10, 2018.....»»
Manley"s return to retailing after merger surprises dealers
He kept the company going after Sergio Marchionne died and guided Jeep's growth as it became a global player that sells more than 1 million vehicles annually......»»
Jeep, Fiat, Ram to raise money for fighting pandemics in deal with Bono brand company
The Stellantis brands will release special edition vehicles as part of a multiyear partnership with Red, a brand licensing company that raises money to fight global health emergencies......»»
Gogoro will go public on Nasdaq after $2.35B SPAC deal
Gogoro is going public. The company, which is best known for its electric Smartscooters and swappable battery infrastructure, announced today it will list on Nasdaq through a merger with Poema Global, a SPAC affiliated with Princeville Capital. The d.....»»
ASC 100: SAT supplies car parts for OEMs and REMs
Somboon Advance Technology (SAT) was founded in 1995 by the Kitaphanichs and the shareholders of Bangkok Spring Industrial, and went public in 2005 in Thailand. The Kitaphanichs were the founders of the pioneer automotive spring maker Somboon Spring.....»»
Boeing"s Directors Are Now Facing an Investor Lawsuit Over Fatal 737 Max Crashes
Alain Williams (Slashdot reader #2972) brings this report from the BBC: Boeing's board of directors must face a lawsuit from shareholders over two fatal crashes involving its 737 Max plane, a U.S. judge has ruled. Morgan Zurn said the first crash wa.....»»
California utility regulators rule T-Mobile misled them during testimony over Sprint merger
Update (08/17/21): Shortly after publication, T-Mobile reached out to us to comment on the Commission's ruling. A spokesperson said that the company categorically disagrees with the Administrative Law Judge (ALJ) in this case, issuing the following s.....»»
T-Mobile Apparently Lied To Government To Get Sprint Merger Approval, Ruling Says
T-Mobile is having a rough week -- and it's only Monday. Earlier today, the company confirmed hackers gained access to the telecom giant's systems. Now, Ars Technica is reporting that the carrier "apparently lied to government regulators about its 3G.....»»
T-Mobile apparently lied to government to get Sprint merger approval, ruling says
T-Mobile ordered to prove it didn't lie to Calif. agency about network-shutdown plan. Enlarge / A T-Mobile logo at a store in New York on April 30, 2018. (credit: Getty Images | Bloomberg) T-Mobile apparently lied to government regulators abou.....»»
Competition watchdog says Facebook could have to sell Giphy
Facebook’s merger with Giphy will harm competition between social-media platforms, the CMA says......»»
Box reports earnings early to give shareholders time to review financials ahead of board vote
Box has been in an ongoing dispute with activist investors Starboard Value over control of the board, an argument that is expected to come to a head on September 9th at the annual shareholder meeting. In an effort to show shareholders that the number.....»»
Hyzon Motors has begun shipping hydrogen fuel cell trucks to customers
Hydrogen-powered heavy-duty truck company Hyzon Motors said Wednesday it is ramping up operations in the wake of its merger with blank-check firm Decarbonization Plus Acquisition Corp., including shipping its first trucks to European customers. The c.....»»
Cannabis giant Leafly is going public through a SPAC merger
Leafly is turning to a SPAC with Merdia Merger Corp. I to go public. The deal, valued at about $532 million and expected to generate proceeds of up to $161.5 million, includes Leafly’s recent capital raise of $31.5 million from investors, including.....»»
T-Mobile Will Shut Down Sprint"s 4G LTE Network on June 30, 2022
T-Mobile has been moving to integrate Sprint into its operations since completing its merger last April. This week the next step was detailed, with a support page on the carrier's website revealing that T-Mobile plans to shut down Sprint's 4G LTE net.....»»
Nuvoton sees merger with PSCS start paying off
MCU specialist Nuvoton Technology has seen the synergies from its 2019 acquisition of Panasonic Semiconductor Solutions (PSCS) start paying off, given its sharp revenue and profit gains in the first half of the year, according to company chairman Yua.....»»
T-Mobile will shut down Sprint"s LTE network on June 30, 2022, but Dish isn"t worried
T-Mobile completed its mega merger with Sprint on April 1, 2020 – the same day that T-Mobile chief John Legere stepped down. In order to achieve regulatory approval, T-Mobile had to agree to multiple concessions that would help Dish Network become.....»»
Shareholders sue Activision Blizzard for withholding harassment info
Complaint: "False and misleading statements" led to "artificially inflated" stock. Enlarge (credit: Aurich Lawson | Getty Images) In a proposed class-action lawsuit, Activision Blizzard shareholders argue that they were "economically damaged".....»»