* Apax given due diligence access until Dec. 12 (Adds details of the deal, analyst comment and background on the company): (Reuters) - New Zealand's online marketplace pioneer Trade Me Group (TME.NZ) received a NZ$2.54 billion ($1.73 billion) takeover bid from a British private equity firm on Wednesday, sending its shares soaring. London-based private equity group Apax Partners was offering NZ$6.4 for each share of Trade Me, the company said in a statement on the New Zealand stock exchange. The offer represents a 25.5 percent premium to Trade Me's last close of NZ$5.1.
The business of betting on Tesla gloom and doom is going rapidly downhill. : Mark Spiegel begins some mornings contemplating Tesla's fate from the bathroom of his high-rise apartment, where two computer screens are perched near the bathtub for instant updates on his Twitter feed and stock prices. The hedge fund manager spends much of his day at his dining room table, where he fires off tweets explaining his high-stakes bet that Tesla, a darling of Silicon Valley, a $US60 billion ($83.1 billion) behemoth, will eventually fail, sending its stock price tumbling.
Melbourne's billionaire Geminder family has lobbed a $78 million takeover bid for The Reject Shop, warning the ASX-listed discount chain's profitability was at risk of collapse under current ownership.
Japan's Gpif Awards Nissay Asset Management With Esg Disclosure Mandate | Swfi - Sovereign Wealth Fund Institute
Increasingly asset owners across the Asia-Pacific region are studying the impacts of environmental, social, and governance factors on listed companies. As more Japanese pensions augment asset allocation to listed equities, the importance of corporate non-financial disclosures and practices becomes clear. These disclosures can have a material impression on company stock prices. In addition, Japan's Stewardship [...]
The $1-billion fossil fuel-burning power plant proposed in Burrillville has lost an energy contract after federal regulators on Monday granted a request from the operator of the regional power grid to terminate the agreement known as a capacity supply obligation.
Our 3 Favorite Startups From Morgan Stanley's 2nd Multicultural Innovation Lab Demo Day - Techcrunch
The Morgan Stanley Multicultural Innovation Lab, Morgan Stanley's in-house accelerator focused on companies founded by multicultural and female entrepreneurs, hosted its second Annual Showcase and Demo Day. The event also featured companies from accelerators HearstLab, Newark Venture Partner Labs and PS27 Ventures. (Note: I was formerly employed by Morgan Stanley and have no financial ties.) The showcase represented [...]
Tonight on Nightly Business Report, stocks suffer a punishing pullback as investors grow concerned about the once red-hot tech sector. Plus, why Florida is suing the nation's two largest drugstore chains.
NOAH earnings call for the period ending September 30, 2018.: Good day, ladies and gentlemen. Welcome to Noah Holdings Limited third-quarter 2018 financial results conference call. [Operator instructions] As a reminder, this conference is being recorded. After the close of the U.S. market on Monday, Noah issued a press release announcing its third quarter 2018 financial results, which is available on the company's IR website at www.ir.noahgroup.com. This call is also being webcast live and will be available for replay purposes on the company's website.