Latest news with #mergers
CNA
12 hours ago
- Business
- CNA
Foxconn to suspend share trading on July 30 pending major announcement
TAIPEI :Foxconn, also known as Hon Hai Precision Industry, said it will suspend share trading on July 30 pending a major announcement. In Taiwan, companies typically halt trading ahead of announcements, including investments, asset sales and mergers or strategic partnerships, that could affect share prices.
Yahoo
13 hours ago
- Business
- Yahoo
Foxconn to suspend share trading on July 30 pending major announcement
TAIPEI (Reuters) -Foxconn, also known as Hon Hai Precision Industry, said it will suspend share trading on July 30 pending a major announcement. In Taiwan, companies typically halt trading ahead of announcements, including investments, asset sales and mergers or strategic partnerships, that could affect share prices. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
14 hours ago
- Business
- Wall Street Journal
Top Justice Department Antitrust Officials Fired Amid Internal Feud
WASHINGTON—The Justice Department has fired two of its most senior antitrust enforcers after internal disagreements over how much discretion their division should have to police mergers and other business conduct that threatens competition. The firings, which came Monday, followed weeks of debate over negotiations to defuse a Justice Department lawsuit against Hewlett Packard Enterprise, a large technology company that paid $14 billion to acquire a major competitor, Juniper Networks. The department settled the suit in June, allowing the deal to close, after weeks of tense talks with HPE and politically connected lawyers it hired to deal with the Trump administration, people familiar with the matter said.
Yahoo
a day ago
- Business
- Yahoo
Why PagerDuty (PD) Stock Is Up Today
What Happened? Shares of IT incident response platform PagerDuty (NYSE:PD) jumped 8.8% in the morning session after reports surfaced that the company was exploring a potential sale, prompting an upgrade from a Wall Street firm. Investment bank TD Cowen upgraded the stock to 'Buy' from 'Hold' and raised its price target to $22. Analysts at the firm cited a 'high likelihood' that PagerDuty would be acquired, noting the company was reportedly working with Qatalyst Partners, a firm with a strong track record in software mergers and acquisitions. While takeover interest had surfaced in the past, reports indicated that the hiring of advisors made this situation more concrete for investors, signaling a more serious process was underway. Is now the time to buy PagerDuty? Access our full analysis report here, it's free. What Is The Market Telling Us PagerDuty's shares are somewhat volatile and have had 13 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 17 days ago when the stock dropped 5.2% on the news that the Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada. This move is far more than a typical trade dispute; it targets the United States' largest and most deeply integrated trading partner. Canada is not merely a neighbor but a critical component of North American supply chains, particularly in sectors like automotive, energy, and critical minerals. This move has sparked concerns about potential retaliatory actions and a wider impact on the North American economy, leading to a risk-off sentiment among investors. The S&P 500, Dow Jones Industrial Average, and Nasdaq all opened lower, pulling back from recent record highs and heading for their first weekly loss in three weeks. PagerDuty is down 6.9% since the beginning of the year, and at $16.75 per share, it is trading 23.4% below its 52-week high of $21.87 from July 2024. Investors who bought $1,000 worth of PagerDuty's shares 5 years ago would now be looking at an investment worth $594.39. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Yahoo
2 days ago
- Business
- Yahoo
Norfolk Southern Corporation (NSC): Jim Cramer Reveals How Its Merger Could Succeed
We recently published . Norfolk Southern Corporation (NASDAQ:NSC) is one of the stocks Jim Cramer recently discussed. Norfolk Southern Corporation (NASDAQ:NSC)'s shares have gained 20% year-to-date and are up by 8.5% since mid-July due to chatter of mergers in the railroad industry. During this episode, Cramer's co-host David Faber discussed reports of Norfolk Southern and Union Pacific merging. Faber outlined that issues in the railroad industry, such as streamlining traffic flows through the Chicago interchange and the handoff of significant volumes in Chicago yards, were driving incentives for railroads to merge. For the deal to proceed, here's what Cramer believes: '[On talks of a merger] 5 year pledge to not raise prices, deal gets done.' Cramer discussed how Norfolk Southern Corporation (NASDAQ:NSC) might be ripe for a deal: 'I think that Norfolk Southern could be vulnerable.' While we acknowledge the potential of NSC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
