Connect with us

Business

SPAC again delays shareholder vote to merge with Trump’s social media platform

Avatar

Published

on

The Special Purpose Acquisition Company That trying to take the former president to the audience Donald TrumpSTC’s social media platform has pushed back the deadline for its shareholders to vote on giving the company more time to close its deal.

Advertisement

Plumber , Gaining the digital world Monday pushed the deadline to November 3 on a vote to extend the deadline for a merger with Trump’s media and technology group. The entity required the approval of shareholders representing 65% of the shares by Monday for a period of one year. Patrick OrlandoThe CEO of Digital World Acquisition, said the latest delay is meant to “accommodate the huge number of voters who have not yet been able to cast their ballots.”

Source link

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Business

Biotech tells Citadel Securities that other major traders manipulated its share price

Avatar

Published

on

In a new lawsuit, Northwest Biotherapeutics has accused the market maker of illegal “spoofing” orders.

Source link

Continue Reading

Business

Dollar general stocks plunge as expectations drop

Avatar

Published

on


dollar general

The stock fell sharply Thursday after the discount retailer reported a rare fiasco, and its fourth-quarter financial outlook fell short of Wall Street estimates.

The company said fourth-quarter earnings will range between $3.15 and $3.30 per share. Analysts tracked by FactSet had expected earnings of $3.66 per share in the fourth quarter. Forecasts call for growth of 7% to 8% for the fiscal year versus previous forecasts for growth of 12% to 14%.

Advertisement

Source link

Continue Reading

Business

Altice USA maintains Suddenlink business after strategic review by Reuters

Avatar

Published

on

2/2

© Reuters. FILE PHOTO: The logo of cable and mobile communications company Altice Group is seen during a news conference in Paris, France, March 21, 2017. REUTERS/Philippe Wageser/File Photo

2/2

(Reuters) – The broadband operator said Thursday that Altice USA Inc will retain its regional internet and cable business, Suddenlink, after a strategic review.

A source told Reuters in July that the company, which is controlled by French-Israeli telecom tycoon Patrick Drahi, has hired Goldman Sachs to manage the divestment, and the company is likely to generate $20 billion including debt.

Altice shares were down about 4% in pre-bell trade.

Altice acquired Suddenlink, which primarily serves customers in the south central US, for $9.1 billion in 2015 and renamed it to “Optimum” in August.

Advertisement

The company was exploring selling Suddenlink to reduce its debt burden amid strong competition and subscriber losses. Altice, which has a market capitalization of about $2 billion, has a long-term debt of about $24 billion.

The stock has lost nearly half its value since reports emerged of the company exploring a sale of the unit.

Source link

Advertisement
Continue Reading
Advertisement

Trending