shareholdings
Technology Shares Move Lower – Tech Roundup
Shares of technology companies fell to close out a volatile week. Across the U.S. and beyond, companies, governments and households that bulked up on computers during the pandemic are drastically scaling back. PC and chip makers say the market slump is hitting their results, often harder than expected. Cloud-computing company Nutanix is exploring a sale …
Private-Equity Group Reaches Deal to Buy Medline for Over $30 Billion
A group of private-equity firms reached a deal to acquire Medline Industries Inc. that would value the medical-supply company at more than $30 billion, in one of the largest leveraged buyouts since the financial crisis. The Wall Street Journal reported earlier Saturday that the group was close to a deal after beating out a rival …
Amazon Nears Deal to Buy Hollywood Studio MGM
Amazon.com Inc. AMZN 1.46% is nearing a deal to buy the Hollywood studio MGM Holdings for almost $9 billion, said people familiar with the matter, a pact that would turn a film operation founded in the silent era into a streaming asset for the e-commerce giant. An agreement could be announced as early as this …
Goldman, Morgan Stanley Limit Losses With Fast Sale of Archegos Assets
Goldman Sachs Group Inc. and Morgan Stanley were quick to move large blocks of assets before other large banks that traded with Archegos Capital Management, as the scale of the hedge fund’s losses became apparent, according to people with knowledge of the transactions. The strategy helped limit the U.S. firms’ losses in last week’s epic …
Railroads Strike a $25 Billion Merger
Canadian Pacific Railway Ltd. agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada. The companies said Sunday their boards agreed to a deal that values Kansas City at $275 a share in a combination of cash and …