Skydance Media’s Deal to Buy Shari Redstone’s Family Company Is Back On
Skydance would pay $1.75 billion for National Amusements under the preliminary deal.
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Richemont Reshuffles Core Jewelry Division Leadership
Richemont appointed new chief executives for its heavyweight brands Cartier and Van Cleef & Arpels, reshuffling its core jewelry division following recent management shifts at the helm of the Swiss luxury group.
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FTC Blocks Tempur Sealy, Mattress Firm’s Deal on Competition Concerns
The regulator alleges the acquisition of Mattress Firm would provide Tempur Sealy with the ability and incentive to suppress competition and raise prices for mattresses for millions of consumers.
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Tesla Deliveries Slump but Not as Much as Feared
Tesla’s vehicle sales slid for a second straight quarter but not as much as expected, lifting the company’s stock price and keeping Tesla the world’s largest seller of electric vehicles.
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Nokia to Buy Infinera for $2.3 Billion to Boost Optical-Networks Arm
The deal, which is valued at $6.65 a share, is a 28% premium from Infinera’s stock price at the close of trading on Wednesday.
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Walgreens Plans Major U.S. Store Closures; Shares Tumble
Shares of the pharmacy chain plummeted 25% after The Wall Street Journal reported the CEO’s plans and the company lowered its guidance for the full year.
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