Tag: freeze-oil
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Yahoo board forms committee to explore strategic alternatives
(Reuters) – Yahoo Inc said its board formed an independent committee to explore strategic alternatives, alongside the pursuit of the reverse spinoff of its Internet business. The committee has engaged Goldman Sachs & Co Inc, J.P. Morgan and PJT Partners Inc as its financial advisers, and Cravath, Swaine & Moore LLP as its legal adviser.…
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Worldwide M&A activity falls 23 pct, but U.S. has a flurry
Worldwide mergers and acquisitions deals have fallen 23 percent to $336 billion so far this year compared with last year, but cross-border activity by amount targeting U.S.-based companies reached a record high, Thomson Reuters data shows. After hitting a record high by deals value in 2015, worldwide M&A activity has been hurt this year by…