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The Latest Breaking News on M&A

Billionaire Issa brothers add Co-op forecourts to Asda in £600 million deal

Around 2,300 staff move to employment with Asda as part of the deal

Evening Standard

Billionaire Issa brothers agree £600m deal for Asda to buy Co-op petrol stations

The Issa brothers started out with a single petrol station in Bury

Manchester Evening News

Co-op agrees to sell 129-strong petrol forecourt chain to Asda for £600m

The Co-op said that offloading its petrol forecourts will allow it to focus on its convenience business

Birmingham Post

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DWAC Stock Falls On Trump Company Merger Delay Disclosure

Digital World Acquisition Corp. (DWAC) shares dropped Tuesday after shedding 8% Monday as federal filings show more troubles for the special purpose acquisition company and its attempted merger with former President Donald Trump's tech and social-media platform. DWAC stock fell 3% to 24.60 Tuesday during market trading and is now…

Investors Business Daily

Why This Twitter Analyst Says Whistleblower A 'Huge Potential Win' For Elon Musk

A former Twitter Inc (NYSE: TWTR) security chief has turned whistleblower, alleging the company knew of security and bot issues.

Benzinga

Elon Musk adds whistleblower claims to list of reasons for ending Twitter deal

Tesla chief is trying to withdraw from his agreement to a $44bn takeover of the social media platform

The Guardian - US

Elon Musk attacks Twitter deal over whistle-blower as feud escalates

Elon Musk has cited the recent accusations from a Twitter Inc. whistle-blower as a new reason to terminate the $44 billion takeover of the social media platform.

Tribune News Service

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Elon Musk reaffirms move to scrap Twitter takeover in fresh letter after whistleblower allegations

The letter argues new allegations about the company’s security policies give additional grounds to terminate the deal

Evening Standard

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

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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Asharq Al-Awsat

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…

Newslaundry

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.

Benzinga

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.

Liverpool Echo

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

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Birmingham Post

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

Newcastle Herald

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

Nathan Tinkler's tilt at Dartbrook

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…

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

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

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