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$OUTR said it entered into Agreement and Plan of Merger with affiliates of certain funds managed by affiliates of $APO, pursuant to which $APO Funds will buy all common shares of $OUTR for $52 per share in cash. The transaction, which was unanimously approved by $OUTR's BoD, has total enterprise value of about $1.6Bil, including net debt.
$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.