#Kohl’s ignites bidding war and stock jumps 16%

#Kohl’s ignites bidding war and stock jumps 16%

“Kohl’s ignites bidding war and stock jumps 16%” A bidding war for discount department store Kohl’s has erupted, sending its share price up more than 16%. At least three bidders — including Hudson’s Bay, the Canadian holding company that owns Saks Fifth Avenue — are submitting bids Wednesday to potentially acquire the discount department store,…

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#Bidens spending Thanksgiving at billionaire’s Nantucket home

#Bidens spending Thanksgiving at billionaire’s Nantucket home

“#Bidens spending Thanksgiving at billionaire’s Nantucket home” President Biden and first lady Jill Biden said they will spend Thanksgiving at the Nantucket home of a private-equity billionaire. In a statement to reporters, the White House said, “The First Family will stay at the home of their friend, David Rubenstein, as they have done previously.” The…

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#Hands off Chick-fil-A and other commentary

#Hands off Chick-fil-A and other commentary

“#Hands off Chick-fil-A and other commentary” From the Left: Hands Off Chick-fil-A Assembly Democrats “are wrong to suggest that Chick-fil-A be essentially canceled, at least from public property in New York, for its political views and contributions,” explain the editors of Albany’s Times-Union, and not just because the company “mostly stopped giving to groups opposed…

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#Former FCC chairman Ajit Pai joining private equity firm

#Former FCC chairman Ajit Pai joining private equity firm

“#Former FCC chairman Ajit Pai joining private equity firm” Former Federal Communications Commission Chairman Ajit Pai said he will join a private equity firm — becoming the fourth of the last eight top US communications regulators to do so. Searchlight Capital Partners announced on Monday that Pai will become a partner at the firm and…

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#Michaels to be acquired by Apollo for .3 billion

#Michaels to be acquired by Apollo for $3.3 billion

“#Michaels to be acquired by Apollo for $3.3 billion” Arts-and-crafts retailer Michaels said it has agreed to be acquired by private equity giant Apollo Global Management in a deal that values the company at $3.3 billion. The going-private transaction values Michaels’ outstanding stock at $22 a share, a 47 percent premium to the closing price…

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