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Business, Precious Metals

“Elliott takes $1 billion stake in Anglo American as miner faces takeover interest”

“…The activist’s U.K. arm, Elliott Advisors, in a regulatory filing Friday confirmed after publication that it had a 2.5% interest in Anglo American. The position, which consists of cash-settled derivatives, is worth around £891 million, or roughly $1.1 billion. Anglo… Continue Reading…

Banking

“JPMorgan Chase raises key revenue target to $84 billion after First Republic takeover”

“JPMorgan Chase raised a key performance target on the heels of its government-brokered takeover of First Republic earlier this month. The bank will generate about $84 billion in net interest income this year, New York-based JPMorgan said Monday in slides… Continue Reading…

Business, Precious Metals

“Gold Miners Newmont, Newcrest Extend Takeover Talks by a Week”

“Talks to secure the biggest ever gold-mining deal will be extended after Newmont Corp. and Newcrest Mining Ltd. failed to reach a binding agreement in the time originally allotted… Newmont, the world’s biggest gold miner, made a non-binding offer to… Continue Reading…

Business

“Duck Creek Technologies surges more than 30% after reaching takeover deal with Vista”

“Insurance tech company Duck Creek Technologies has reached a takeover deal with Vista Equity Partners, sending its stock soaring on Monday morning. Terms of the pact call for Vista to pay $19 per share in cash, or about $2.6 billion. Shares of… Continue Reading…

Stocks

“Link Shares Jump 27% on Pacific Equity, Carlyle Group Takeover Proposal”

“Link Administration Holdings Ltd, an Australia-based provider of services in superannuation administration industry, said it has received a conditional A$2.76 billion proposal from a consortium comprising Pacific Equity Partners, Carlyle Group to acquire 100% of the stake, sending its shares up 27%… Continue Reading…