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$SIG said affiliates of Leonard Green & Partners will invest $625MM in the form of convertible preferred shares. $SIG will use the proceeds from the LGP investment to fund a repurchase of up to $625MM in common stock either in the open market or through privately negotiated transactions.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.