Stephen Barnett picks three real-world stories in the news to unpack the world of corporate finance in practice.
- Amer Sports Inc., the maker of Wilson tennis rackets is seeking to raise as much as $1.8 billion in what would be one of the year’s first major initial public offerings.
- Macy’s has rejected a $5.8 Billion takeover offer from Arkhouse Management Co. and Brigade Capital Management despite the offer representing about a 19% premium on its share price.
- JetBlue tells Spirit Airlines that it may terminate its $3.8 billion buyout offer challenged by US.
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