Up four weeks and six of the last seven, U.S. stocks are doing something they haven’t done since March: fall on consecutive days. For the first time in a long time, Wall Street pundits found themselves trying to explain a weak market.
Knighthead Capital Management and Certares Management for a second time sweetened their proposal to buy Hertz out of bankruptcy as the rental car company’s board meets to review bids, according to people with knowledge of the matter.
A third tiny listing in as many weeks is surging in its market debut on Tuesday.
A judge ruled Dyal Capital Partners and Owl Rock Capital Corp. can proceed with their $12 billion merger while she weighs whether a 2017 agreement gives Sixth Street Partners the right to kill the deal.Delaware Chancery Court Judge Morgan Zurn said Sixth Street didn’t have the right to temporarily halt the combination while the funds fully develop their arguments over the reach of the 2017 pact, under which Dyal bought a 10% stake in Sixth Street.Sixth Street wanted Zurn to forbid Dyal from tran
The chairman and co-founder of Tellurian Inc., which is trying to develop a $17 billion liquefied natural gas project in Louisiana, is blaming short sellers after a precipitous plunge in the company’s stock price.
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