Browsing Tag
Bank of America
59 posts
Inside the BofA and Jio Credit deal: Equity, warrants and the road to closing
Bank of America's $1.9 billion, up to 49.9% Jio Credit stake implies a $3.8 billion NBFC valuation and extends foreign capital's Indian lender push.
Moneris sale to Francisco Partners ends 25-year RBC and BMO payments venture
RBC and BMO sell Moneris to Francisco Partners for C$2 billion, closing early 2027 and ending a 25-year Canadian payments joint venture between the banks.
Dream Finders to acquire Beazer Homes, creating sixth-largest US homebuilder
Dream Finders raised its bid from $25.75 to $33.50 to secure Beazer at 0.8x book, but Beazer's Q3 loss and DFH's own margin squeeze make execution the test.
Frasers Group (LSE: FRAS) crosses 30% HUGO BOSS threshold as €38 takeover offer enters final week
Frasers Group has moved beyond Germany’s mandatory takeover threshold, but HUGO BOSS shareholder resistance and Frasers’ rising debt leave the final ownership outcome unresolved.
IBM (NYSE: IBM) Q2 miss triggers 25% drop as mainframe cycle wrap bites
IBM (NYSE: IBM) drops up to 25% after preliminary Q2 revenue of $17.2bn misses by $660m; Krishna concedes execution slip before the July 22 earnings call.
Almonty Industries (ALM) jumps 11% as DA Davidson lifts PT to $33 on tungsten thesis
Almonty (ALM) jumps 11% to $16.31 as DA Davidson lifts PT to $33 on record tungsten pricing; Sangdong ramp meets 2027 US defense mandate cliff head-on.
Ionis Pharmaceuticals (IONS) drops 21% as Wainua Phase 3 ATTR-CM trial fails, Alnylam Amvuttra and BridgeBio Attruby emerge as clear beneficiaries
Ionis (IONS) drops 21% as Wainua Phase 3 ATTR-CM trial fails primary endpoint. Peak sales cut to $4B. Alnylam and BridgeBio benefit from the reset.
Fiserv (FISV) reportedly exploring $15bn STAR Network sale in Durbin Amendment workaround play
Fiserv in preliminary talks with JPMorgan, Bank of America, Wells Fargo, and PNC on $15 billion STAR Network sale. Read the full analysis.
Pocket FM closed its video business. Is Abhilash Padival preparing it for an IPO?
Pocket FM has appointed former Bank of America investment banker Abhilash Padival as chief financial officer to lead fundraising, governance and global financial strategy.
Baltic Classifieds Group (LSE: BCG) rebounds after FY26 sell-off as buyback-fuelled debt swing tests the Baltic monopoly thesis
Baltic Classifieds Group (LSE: BCG) rebounds after FY26 sell-off as €101m capital return meets a swing to net debt and mid-70s FY27 margin guidance. Read on.