bankruptcy

Gold Tree Studios, a subsidiary of Gold Tree, has filed for Chapter 11 bankruptcy. This comes as a shock to many, given the company’s successful procurement of $1 billion in financing earlier this year. What Happened: Gold Tree Studios had secured a massive $1 billion in...

New On The Block That was fast. Compass Diversified bought Atlanta-based feminine care company The Honey Pot last year for $380 million. Now it’s looking to get rid of it. Raymond James is running the sale process, according to Reuters. Finastra Group Holdings Ltd., formed in 2017 from a...

New On The Block Puma SE, a Germany-based sportswear company, is attracting bids from several Asia-based buyers, according to Bloomberg. On the buy-side are Chinese sportswear giant Anta Sports and Li Ning Co., as well as Japan's Asics Corp. The Netflix/Paramount/WBD Saga Netflix (NASDAQ:NFLX)...

New On The Block Saudi Aramco has selected Citigroup (NYSE:C) to oversee the multibillion-dollar sale of its oil export and storage terminals business. The mandate marks a win for Citigroup as CEO Jane Fraser reorganizes the firm and expands business across the Middle East. A formal sale process...

New On The Block Swiss life sciences giant Lonza Group is shopping its capsules and health ingredients division, and the shortlist is full of private equity heavy-hitters. In the running: Altaris, Lone Star Funds, and One Rock Capital. Expected sale price: At least €2.5 billion (US$2.8 billion)....

New On The Block An auction is underway for Bill.com (NYSE:BILL). The business-payments firm, according to Bloomberg, tapped a financial adviser to solicit bids. The sale follows activist pressure from Starboard Value, a firm known for buying up stakes in public companies to get deal processes...

New On The Block Miyoko Schinner — the chef and activist who pioneered artisanal vegan cheese — is mounting a bid to buy back Miyoko's, the plant-based dairy brand she founded in 2014 and was ousted from three years ago. After raising more than $70 million and helping bring cashew-based butter and...

This year’s Halloween isn’t so sweet for CandyWarehouse.com. The Sugar Land, Texas-based company went bankrupt, listing up to $500,000 in assets. President Mimi Kwan told Today.com that the small, family-run company struggled to compete with Amazon.com Inc. (NASDAQ:AMZN), Target (NYSE:...

New On The Block Japan's Kirin Holdings is looking to cut a deal on Kentucky bourbon brand Four Roses at around $1 billion. The problem? Young people aren’t drinking as much these days. Trade tensions with Canada, a key bourbon buyer, haven't helped either. Four Roses is likely to attract...

New On The Block Raymond Zage and James Lu, the 60% stakeholders of Grindr, want to take the dating app private. Semafor states that the pair is in talks with Fortress Investment Group for debt financing to acquire Grindr, potentially at around $15 per share. That’s an estimated $3 billion...

New On The Block Confluent Inc. (NASDAQ:CFLT), a California-based data streaming company, is exploring a potential sale after drawing interest from several private equity firms and tech companies. According to Reuters, the company has engaged an investment bank to advise on the early-stage process...

New On The Block The pitch of turning car-sharing into a profitable business was loud in the early 2000s. Companies like Zipcar were taking off. Since then, they began to resemble a flat tire. Take, for example, Free2move. It wasn’t a profitable venture for owner Stellantis. As a result, it...

In a year packed with AI mania, biotech moonshots and crypto comebacks, one trade has stunned them all: Wolfspeed Inc (NYSE:WOLF) stock's 1,700% explosion on Monday. The semiconductor firm, fresh out of Chapter 11 restructuring, didn't just rally—it exploded. Track WOLF stock here. By Tuesday...

New On The Block Six Flags Entertainment Corp. (NYSE: FUN) insists it has plans to boost attendance and reduce costs. But activist shareholder Land & Buildings Investment Management got specific on Friday, Sept. 26: spin off Six Flags' real estate into a REIT or sell it outright, unlocking...

A late-night comedy show's cancellation has reignited deal drama, with reports of tit-for-tat maneuvering between major corporations and regulators holding the power to say yea or nay to M&A activity. Before ABC pulled “Jimmy Kimmel Live,” Federal Communications Commission (FCC)...