Spirit Airlines Urges JetBlue To Appeal Their Blocked Merger LeapRate

January 19, 2024 BY Simon Mugo

Spirit Airlines Urges JetBlue To Appeal Their Blocked Merger

The ruling by U.S. District Judge William Young, which occurred on Tuesday, halted Spirit's proposed $3.8 billion sale to JetBlue. The decision, aligning with antitrust regulators' concerns, suggested that the merger could increase consumer airfares. Following this ruling, Spirit's stock value plummeted over 60%. Additionally, the financial stability of Spirit Airlines is under scrutiny, evidenced…

December 19, 2023 BY Simon Mugo

Capex.com and NAGA Announce Merger Plans To Exploit Synergies

The fusion involves a reverse merger, where Capex.com merges into NAGA Group AG via a non-cash equity increase. Furthermore, Patrascu has committed to investing $9 million in NAGA through a convertible bond. This strategic step aims to form a robust fintech organisation, leveraging both entities' combined strengths and customer bases. NAGA and Capex.com, together, serve…

May 19, 2023 BY Steffy Bogdanova

Admirals announces restructure and withdrawal of Estonian license

Admirals stated: The restructuring stems from the fundamental necessity and choice to expand the Group’s presence globally, as the Company has substantially positioned itself in new regions during recent years. The on-going change shall have no impact on the existing Group’s clients. Albeit the restructuring, Estonia remains the Company’s strategic location. The Company continues to…

January 20, 2023 BY Steffy Bogdanova

NAGA Group in merger talks with “multi-country” broker

The company stated: Naga will maintain its current listing status following the consummation of any such transaction. Earlier in October last year, NAGA Group secured a Seychelles license and gained an Estonian crypto license earlier that year. The neo broker also ventured into the crypto industry with its crypto exchange launched in the beginning of…

November 21, 2022 BY Steffy Bogdanova

eToro’s SPAC partner to return $250 million to investors

FinTech Acquisition Corp. V was set up by well-known financier Betsy Cohen. The SPAC company and eToro announced their proposed merger in March 2021. The estimated implied equity value of the merger was initially at $10.4 billion, but was later taken down to $8.8 billion. The merger was terminated as the Israeli retail broker and…

July 06, 2022 BY Steffy Bogdanova

eToro is staying private, deal with FinTech Acquisition Corp V terminated

Yoni Assia, eToro Co-Founder and CEO, said: In the current market environment, we believe that it is in the best interests of eToro to terminate the merger agreement and continue, for now, to operate as a private company. I would like to thank Betsy Cohen and the entire FinTech V team for their hard work,…

December 28, 2021 BY Steffy Bogdanova

S&P Global and IHS Markit to sell Base Chemicals and CUSIP Businesses

Douglas L. Peterson, President and Chief Executive Officer of S&P Global said: The two divestures we have announced today represent an important milestone in our progress toward satisfying the required regulatory conditions to complete our merger with IHS Markit. With these agreements in place, we are well positioned to dedicate our full attention to our…

November 15, 2021 BY Steffy Bogdanova

US DoJ requires IHS Markit to divest business to proceed with S&P Global merger

Acting Assistant Attorney General Richard A. Powers of the Justice Department’s Antitrust Division, said: Without these significant divestitures, the proposed merger would have led to higher prices and lower quality for PRA customers throughout the United States. The divestitures will preserve competition for PRA services, which are vital to the proper functioning of commodity markets…

October 25, 2021 BY Steffy Bogdanova

S&P Global and IHS Markit merger approved by the European Commission

Lance Uggla, Chairman and Chief Executive Officer of IHS Markit, added: Our teams have been working closely with the relevant regulatory authorities to achieve this important milestone for our merger. Once combined, the new company will deliver a broader set of information and insights that will drive the growth and performance of our customers. The…

May 13, 2021 BY Steffy Bogdanova

S&P Global and IHS Markit issue update on merger

The divestiture is pending regulatory and antitrust authorities’ approval. According to the official update, S&P Global and IHS Markit are working with regulatory institutions on the proposed merger, including on the proposed divestiture. The merger is on track to close in the second half of 2021 as previously planned. HS Markit announced earlier in March…

Tag: merger