The Michaels (MIK) is likely to go private after being acquired by Apollo in a deal worth $5 billion. The transaction is expected to close by the first half of fiscal 2021.
GlobalFoundries will invest $1.4 billion this year to raise output at three factories in the United States, Singapore and Germany, as a global shortage of semiconductors has boosted demand for chips, its chief executive said. The U.S.-based company, a unit of Abu Dhabi's state-owned fund Mubadala, may also bring forward its initial public offering to late 2021 or the first half of next year, from a previous target of late 2022 or early 2023. Automakers and electronics producers are facing a global shortage of chips which has fueled manufacturing delays.
- BusinessSimply Wall St.
The big shareholder groups in DS Smith Plc ( LON:SMDS ) have power over the company. Generally speaking, as a company...