#Bill Ackman tells investors to follow him on Twitter

#Bill Ackman tells investors to follow him on Twitter

“#Bill Ackman tells investors to follow him on Twitter” Billionaire Bill Ackman appears to be taking a page from Elon Musk with plans to start announcing market-moving news on Twitter. The billionaire investor’s blank check company, Pershing Square Tontine Holdings, issued a press release on Friday highlighting Ackman’s Twitter feed and saying it may be…

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#Scott Stringer eyes looser pension rules for private equity

#Scott Stringer eyes looser pension rules for private equity

“#Scott Stringer eyes looser pension rules for private equity” New York City Comptroller Scott Stringer is looking to loosen strict rules that govern private-equity firms managing the city’s pensions — a potentially risky policy switch that he claims will improve returns, The Post has learned. Specifically, Stringer — a Democrat running for mayor in this…

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#Nestle sells Poland Spring, other water brands for .3B

#Nestle sells Poland Spring, other water brands for $4.3B

“#Nestle sells Poland Spring, other water brands for $4.3B” Nestle is selling its North American bottled water business to a pair of private equity firms in an effort to focus on high-end hydration products. One Rock Capital Partners and Metropoulos and Co. will pay $4.3 billion for eight Nestle water brands — including Poland Spring,…

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#How AMC staved off bankruptcy before Reddit rally

#How AMC staved off bankruptcy before Reddit rally

“#How AMC staved off bankruptcy before Reddit rally” AMC Entertainment CEO Adam Aron has wowed corporate America with his unusual plan to keep the pandemic-plagued theater chain afloat by selling loads of stock to small investors. But getting on the right side of the “Reddit rally” wasn’t always easy and sometimes required Aron to clash…

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#Golden State Warriors investors look to sell stake

#Golden State Warriors investors look to sell stake

“#Golden State Warriors investors look to sell stake” Minority investors in the Golden State Warriors are gearing up to sell a five percent stake in the team amid losses incurred during the pandemic, three sources close to the situation said. The selling owners are seeking $200 million for their stake, which would give the National…

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#Leon Black’s 8M Jeffrey Epstein payout raises eyebrows

#Leon Black’s $158M Jeffrey Epstein payout raises eyebrows

“#Leon Black’s $158M Jeffrey Epstein payout raises eyebrows” Leon Black’s nine-figure payout to convicted pedophile alleged sex trafficker Jeffrey Epstein has the legal world scratching its head. Black’s Apollo Global Management on Monday revealed that its billionaire CEO and co-founder paid Epstein — who committed suicide in prison in August 2019 — $158 million between…

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#Intelsat Chairman David McGlade faces insider- trading suit

#Intelsat Chairman David McGlade faces insider- trading suit

“#Intelsat Chairman David McGlade faces insider- trading suit” The chairman of satellite operator Intelsat is being sued for insider trading in an explosive new shareholder lawsuit that also dings private-equity giants BC Partners and Silver Lake Partners, an owner of the New York Knicks. The Oakland, Calif., federal court lawsuit claims that David McGlade, Intelsat’s…

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#DC media group buys NY’s City & State, plans expansion

#DC media group buys NY’s City & State, plans expansion

“#DC media group buys NY’s City & State, plans expansion” A DC-based news agency for politicians and bureaucrats has acquired City & State, a media business covering New York state and local politics for elected officials and government workers. Terms of the acquisition by Government Executive Media Group were not disclosed. But the company behind…

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