Remove tag mergers
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HDFC bonds can't retain infra tag after merger: RBI

CFO News

"The RBI has communicated to HDFC Bank that there is a technical hurdle in giving the infrastructure tag to bonds issued by the former HDFC Ltd because those were issued by an NBFC (non-banking finance company) and norms for treatment of bonds are different for banks and NBFCs," a person close to the development told ET.

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Paysafe Readies $9 Billion IPO Via SPAC

PYMNTS

Online payments firm Paysafe is nearing a deal with billionaire Bill Foley for a special purpose acquisition company (SPAC) merger, according to a Bloomberg report, intending for Paysafe to go public. In addition, Foley launched another SPAC, Foley Trasimene Acquisition Corp.,

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10 Monday AM Reads

Barry Ritholtz

Regulators seem opposed to every proposed merger, while legislators push for new rules to crack down on the internet giants. Barron’s ) • Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag : In 2021, Goldman Sachs said the word was starting to feature in a number of client conversations about the country’s stocks.

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T-Mobile And Sprint Merger Puts Spotlight On 5G At Retail

PYMNTS

Regardless of whether you think it’s a good idea for the market or a legal misstep, the T-Mobile and Sprint merger is going to put 5G on a faster track. Interactive “ magic mirrors ” can recognize the products someone tries on through an RFID tag. But one thing is clear.

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Intuit Buys Credit Karma For $7.1B

PYMNTS

Intuit closed a deal to buy Credit Karma for a price tag of $7.1 The merger was touted as a good thing because it could help both Intuit and Credit Karma boost their total mass of data, which could, in turn, allow both companies the ability to help people in more specific manners. billion on Monday (Feb.

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Former Heartland CEO Agrees To $250K SEC Fine

PYMNTS

Securities and Exchange Commission (SEC) alleged that Carr had talked about merger discussions with his partner, Katherine Hanratty, and wrote a check to that individual. That way she was able to purchase $900,000 of stock in Heartland prior to the merger’s announcement. billion and would grow the U.S.

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Steep Slowdown For Chinese Cross-Border Corporate Acquisitions

PYMNTS

Such constraints have had an impact on merger activity. These “break fees” can be as high as 10 percent of a deal’s headline price tag, up from 2 percent seen in past years. The buyouts dropped by 67 percent though the first four months of 2017. Investments would be topped off at $10 billion.