Kannaki Deka

Jan 13, 2025 | staradvertiser.com | Kannaki Deka

Billionaire investor Bill Ackman’s Pershing Square said today it has offered to buy the remaining stake it does not already own in real estate developer Howard Hughes Holdings for $85 per share. Shares of Texas-based Howard Hughes, one of Pershing Square’s longest-held investments, jumped over 13% in premarket trading. Howard Hughes’s shareholders can elect to receive the entire payment in cash or “roll over” all or a portion of their shares into the post-merger company, Pershing said in a letter.

Jan 13, 2025 | today.westlaw.com | Kannaki Deka |Anil D'Silva |Krishna Eluri |Saumyadeb Chakrabarty

(Reuters) -Billionaire investor Bill Ackman said on Monday that Pershing Square is increasing its stake in Howard Hughes Holdings by $1 billion and that the real estate developer plans to buy back shares for an additional $500 million.

Nov 25, 2024 | jp.reuters.com | Aatreyee Dasgupta |Kannaki Deka

米建設資材メーカーのサミット・マテリアルズは２５日、同業のクイックリートによる買収を発表した。取引の規模は１１５億ドル。写真は米１００ドル札。１１年撮影。（2024年 ロイター/Lee Jae-Won/File Photo）[２５日 ロイター] - 米建設資材メーカーのサミット・マテリアルズ(SUM.N), opens new tabは２５日、同業のクイックリートによる買収を発表した。取引の規模は１１５億ドル。米政府のインフラ支出拡大や資材需要増加への期待から、建材セクターではＭ＆Ａ（合併・買収）が活発化している。ロイターは１０月、クイックリートがサミットに買収を打診したと報じていた。クイックリートが提示した１株当たり５２．５０ドルの提案は、ロイターが買収協議について報じる前日の終値を約２９．２％上回る水準。ロイターの試算によると、クイックリートの提案は株式ベースで約９２億ドルの取引に相当する。取引は２０２５年前半に完了する見通し。私たちの行動規範：トムソン・ロイター「信頼の原則」, opens new tab

Nov 25, 2024 | gazette.com | Aatreyee Dasgupta |Kannaki Deka

By Aatreyee Dasgupta and Kannaki Deka(Reuters) -Summit Materials said on Monday rival Quikrete would acquire the company in a cash deal valued at $11.5 billion, in a move to capitalize on higher demand for building materials. The sector's deal-making activity has been heating up due to rising U.S. government infrastructure spending and anticipation of growing demand for materials. Summit had said in October it expected public infrastructure to remain a source of steady activity in 2025.

Nov 25, 2024 | msn.com | Aatreyee Dasgupta |Kannaki Deka

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