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The Latest Breaking News on M&A

Twitter Stock Slips As Elon Musk Cites Whistleblower In Takeover 'Termination Letter'

"Twitter intends to enforce the agreement and close the transaction on the price and terms agreed upon with the Musk Parties," the social media group reiterated Tuesday.

The Street

Musk sends second Twitter deal termination letter

Musk's legal team is trying to leverage the allegations made by former Twitter security chief Peiter Zatko last week.

Axios

Issa brothers-owned Asda 'in £450m bid for Co-op's petrol stations'

Asda was taken over by the Lancashire-based Issa brothers and TDR Capital last year

Birmingham Post

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Musk lawyers subpoena Twitter whistleblower

Musk argues Twitter misrepresented key user metrics, including monetizable daily active users.

Axios

Conveyor manufacturer SE-TEK collapsed owing £3.8m, report shows

A range of trade creditors have been left out of pocket after the Sunderland firm went into administration last month

Birmingham Post

Micro Focus shares surge as it agrees £5 billion takeover from Canada’s OpenText

Weak pound helps draw in foreign buyers for UK PLC

Evening Standard

No accounting for Qantas crying poor, not with its solid cash flow and $3.3bn in the bank

The headlines say Qantas has recorded a loss of $1.9 billion. Yet it has launched a $400 million share buyback and holds $3.3 billion in cash. Go figure

The New Daily

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Musk Lawyers Seize on Twitter Whistleblower Revelations

Elon Musk's lawyers jumped Wednesday on the revelations of a Twitter whistleblower to try to force the platform to surrender vast amounts of information for their fight to cancel the billionaire's buyout bid. The Tesla boss's team told a US judge the former Twitter security chief's allegations of major security…

Asharq Al-Awsat

NDTV may get more time to hand over 29.18 percent stake to Adani

A day after Adani Enterprises announced the acquisition of 29.18 percent stake in NDTV, the TV news network has made two disclosures saying that the Securities and Exchange Board of India has barred its promoters Prannoy Roy and Radhika Roy from buying, selling or dealing with securities.

Newslaundry

Hot Take: Twitter Investors Should Buy The Dip Amid Whistleblower Allegations

A whistleblower complaint against Twitter Inc (NYSE: TWTR) claimed the company may not be 100% truthful with its claims of the impact of bots and spam accounts.

Benzinga

New UK company to take over running of Merseyrail

Management buyout from the state-owned rail company, Nederlandse Spoorwegen will pave the way for a new UK-based company to take over all Abellio UK’s existing services

Liverpool Echo

Monopoly fears over merger of dental businesses

CMA fears that NHS customers in Derbyshire and Yorkshire could lose out after firms join up

Birmingham Post

Profits rise for hauliers Elddis Transport despite bumps in the road

The North East haulage firm hailed changes to its North East bases which it said showed a desired to grow

Birmingham Post

Nathan Tinkler circling Dartbrook underground mine as its debt-laden owner considers a sale

Nathan Tinkler's tilt at Dartbrook

Newcastle Herald

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Asharq Al-Awsat

Elon Musk Subpoenas Former Twitter Chief Jack Dorsey

Elon Musk has served former Twitter boss Jack Dorsey with a subpoena in a hunt for material to help him get out of buying the giant social media platform for $44 billion as agreed. Records made public on Monday show Dorsey was served with a legal order to give Musk…

The Street

Frontier Airlines Makes Aggressive Moves After Failed Spirit Bid

The discount air carrier is counting on changes to boost its competitive position.

Evening Standard

Elon Musk seeks documents from former Twitter CEO Jack Dorsey in takeover dispute

A trial in October should decide whether the takeover deal will go ahead

Benzinga

What Does Jack Dorsey Know? Elon Musk Subpoenas Twitter Co-Founder Ahead Of Trial

The battle between social media platform Twitter Inc (NYSE: TWTR) and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk continues to heat up: Musk has subpoenaed former Twitter CEO Jack Dorsey ahead

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The Guardian - US

AMC stocks drop sharply as investors sour on ‘meme-stock’ rally

Movie theatre chain fall 31% while rival Cineworld warns of potential bankruptcy filing

Manchester Evening News

Cineworld confirms it is considering bankruptcy but 'no significant impact' on employees

The world's second-largest cinema chain is struggling under heavy debts

The Independent UK

Cineworld theater chain confirms it's considering bankruptcy

Cineworld Group says it's considering filing for Chapter 11 bankruptcy protection in the U.S. and similar actions elsewhere

Irish Mirror

Cineworld confirms it is considering bankruptcy as it struggles with debts in US

The cinema chain is going through struggles with almost $5 billion of debt.

Wales Online

Cineworld staff reassured as cinema chain confirms it is considering bankruptcy

It could come as part of a restructuring of the business which is struggling under heavy debts

Liverpool Echo

Cineworld confirms it is considering bankruptcy

The cinema chain operates 127 sites in the UK and employs 28,000 staff globally

The Street

AMC Entertainment Stock Plummets on Cineworld Bankruptcy Option, 'APE' Dividend Dilution

AMC shareholders will begin trading their APE preferred dividends Monday amid the ongoing slump in meme-stock valuations.

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