Crypto lender Nexo offers to buy embattled rival Vauld

Bitcoin, the world’s biggest cryptocurrency, is down more than 50% since the start of 2022. Nurphoto | Getty Images Beleaguered cryptocurrency lender Vauld has been thrown a lifeline from larger competitor Nexo, in a sign of mounting consolidation in the crypto market. Nexo said Tuesday it had signed a term sheet with Vauld giving it … Read more

Panera Bread terminates SPAC deal with Danny Meyer’s investment group

Florida, Spring Hill, Nature Coast Commons, shopping mall, Panera Bread bakery. Jeff Greenberg | Universal Images Group | Getty Images Danny Meyer’s SPAC and Panera Bread have called off a deal to take the sandwich chain public again, citing market conditions. In November, the parent company of the sandwich chain, Caribou Coffee and Einstein Bros. … Read more

Bed Bath & Beyond says it’s still open to selling its Buybuy Baby division

A view of the atmosphere during the Whitney Port & Bundle Organics #MomAsYouAre buybuyBABY product launch in Torrance, California. Randy Shropshire | Getty Images As Bed Bath & Beyond shakes up its leadership suite and ousts its CEO, the retailer said Wednesday it remains open to another big change: A potential sale of its baby … Read more

Wall Street layoffs are coming as deals boom turns to bust, insiders say

People walk by the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images Less than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and IPOs. Now, thanks to a confluence of factors that have cast a pall over markets and caused most deal … Read more

Polestar (PSNY) stock debuts on Nasdaq after SPAC merger

Shares of Polestar made their public-market debut under the ticker “PSNY” on Friday, making it the latest electric vehicle maker to go public via a merger with a special purpose acquisition company, or SPAC. Polestar’s stock began trading on the Nasdaq exchange one day after it completed its merger with the SPAC Gores Guggenheim. The … Read more

Zendesk to be acquired by investor group for $10.2 billion

Zendesk co-founder and CEO Mikkel Svane Eric Piermont | AFP | Getty Images Customer experience software company Zendesk agreed to be acquired by an investor group in an all-cash transaction valuing it at around $ 10.2 billion, the company announced Friday. The deal, led by investment firms Permira and Hellman & Friedman, will give shareholders … Read more

Mondelez to buy energy bar maker Clif Bar for about $3 billion

Mondelez International headquarters on Jan. 10, 2022. Mondelez International said on Monday it will buy energy bar maker Clif Bar & Company for $ 2.9 billion to expand its global snack bar business. The company said it will get the Clif, Luna and Clif Kid brands of bars in its portfolio through the acquisition, creating … Read more

Elon Musk says 3 issues need to be resolved before Twitter deal closes

In this photo illustration, Twitter account of Elon Musk is seen on a smartphone screen and Twitter logo in the background. Pavlo Gonchar | Lightrocket | Getty Images Elon Musk says there are three main hurdles to overcome before he can complete his purchase of Twitter. Musk is seeking to buy Twitter for $ 44 … Read more

Warren asks bank regulator to reject TD deal after customer-abuse report

Late. Elizabeth Warren, D-Mass., Speaks during the Senate Armed Services Committee hearing on security in Afghanistan and in the regions of South and Central Asia, in Dirksen Building on Tuesday, October 26, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images Lawmakers led by Sen. Elizabeth Warren asked a key regulator to block Toronto-Dominion … Read more

Signs point to biotech M&A heating up, Wells Fargo says. Here’s where to look

The pace of biotech deals is likely to pick up, but investors should think about smaller targets, said Wells Fargo analyst Mohit Bansal. Bansal called out both enticing valuations for small- and mid-cap biotech companies, which are now trading at an enterprise value of about one times cash, on average, and a tough regulatory environment … Read more