30 years a biz journalist. Documentaries, books and a few good scoops along the way. Still love the chase, though now faster in water than on land.
Kodak may not get its $765m loan after all. Recall the DFC, an entity charged with helping developing countries, had its charter revised by executive order (May 14) to allow for loans within the U.S that help the response to Covid or help secure important supply chains.
Here's the first 2 minutes of our interview with IAC ceo Joey Levin on the company's unusual decision to spend a billion dollars buying a stake in $MGM. Full interview here:
Altice USA's $7.8b unsolicited bid (in partnership with Rogers Com) for Canada's Cogeco can only succeed if the Audet family, which controls Cogeco, agrees to sell. In a statement, they say they will not. Here is $ATUS CEO earlier on @SquawkStreet
14 years of brawling with corporate America and all has to show for it is the same return as the S&P. His funds' gross return from 11/04 through end of Q3'18 was 128% or 6.1% annually (as per IEP filing). S&P returned 6.2% annually before dividends for same period.
LVMH has reached a deal to acquire Tiffany for $135 a share in cash. Tiffany board meeting later today to approve- sources.