Wednesday, February 22, 2017

Business Headlines

Here is a rundown of recent business news headlines:

The Yahoo/Verizon deal takes a $350M haircut to compensate for Yahoo data security breaches in 2013 and 2014.

The Snapchat parent company, SNAP, scheduled blockbuster IPO ($20-23B) is plagued with news that it lost  $514.6 million in 2016, there are questions about the sustainability of its user base, and, for the governance folks out there, there is NO VOTING STOCK being offered.

In what is being called a "whopper" of a deal, Restaurant Brands, the owner of Burger King and Tim Hortons, announced earlier this week a deal to acquire Popeye's Louisiana Kitchen, the fried chicken restaurant chain, for $1.8 billion in cash. 

Kraft withdrew its $143B takeover offer for Unilever less than 48 hours after the announcement amid political concerns over the merger.  While Unilever evaluates its next steps, Kraft is perhaps feeling the effects of its controversial takeover of Britain's beloved Cadbury

A final item to note, for me personally, is that today is my last regular contribution to the Business Law Professor Blog. I will remain as a contributing editor, but will miss the ritual of a weekly post--a habit now nearly 4 years in the making.  Thanks to all of the readers and other editors who gave me great incentive to learn new information each week, think critically, connect with teaching, and generally feel a part of a vibrant and smart community of folks with similar interests. 

With gratitude,

Anne Tucker

https://lawprofessors.typepad.com/business_law/2017/02/business-headlines.html

Anne Tucker, Corporate Finance, Corporations, Current Affairs, Financial Markets, M&A | Permalink

Comments

Your posts are always thoughtful and useful, Anne. I will miss the weekly posts, but am glad you are staying on as a contributing editor.

Posted by: Haskell Murray | Feb 22, 2017 9:23:51 AM

Thanks for all your posts, Anne -- your readers appreciate it!

Posted by: Matt Bodie | Feb 22, 2017 12:25:29 PM

Such kindness! thank you folks.

Posted by: Anne Tucker | Feb 22, 2017 2:01:35 PM

We'll miss your weekly presence here, Anne. But we know we'll continue to benefit from your wisdom when you chime in. Thank you for your four years of weekly posts.

Posted by: joanheminway | Feb 23, 2017 6:39:44 AM

Thanks, Anne! I have greatly enjoyed, and been informed by, your posts.

Posted by: Marcos Antonio Mendoza | Feb 23, 2017 7:30:21 AM

I've learned a great deal from you and look forward to your future posts.

Posted by: MARCIA NARINE | Feb 24, 2017 2:55:19 AM

Thank you, Anne! I echo what the others have said - I have enjoyed your weekly posts very much and am glad we'll continue seeing your work here.

Posted by: Greg Shill | Feb 26, 2017 1:02:17 PM

Post a comment