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Bass Pro Shops to acquire $CAB for $5.5Bil. Goldman Sachs has committed $1.8Bil and Pamplona has committed $600MM for a total preferred financing commitment of $2.4Bil to aid the deal, Bass Pro Shops said. The transaction, which is expected to close in the first half of 2017, will be completed through a cash merger.
$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.