Dealmakers drown in deals in second-quarter M&A frenzy
By Pamela Barbaglia and Anirban Sen
Reuters
LONDON (Reuters) - Global mergers and acquisitions (M&A) activity broke records for a second consecutive quarter this year as companies continued to borrow cheaply and spend their cash reserves on transformative deals to reposition themselves for the post-COVID world.
Deals worth $1.5 trillion were announced in the three months to June 30, more than any second quarter on record and up 13% from the record first quarter of the year despite activity among blank-check firms slowed down, Refinitiv data shows. This is an environment we haven t seen before because we have very supportive financing markets combined with the pressure to come out of COVID-19 and reorganize entire businesses, said Alison Harding-Jones, head of M&A for Europe, the Middle East and Africa at Citigroup.
Bad an idea as it is, vaccine bribery should be retroactive
Gov. Murphy s latest attempt to get you to take the vaccine could be to pay you to do it. The governor told Fox 5 News last Friday, “All options remain on the table. We’re going to do what it takes to get our folks vaccinated,” Murphy went deeper at his pandemic briefing Monday Are we willing to just basically bribe people to get vaccinated? Everything’s on the table. Literally, everything’s on the table. So the solution to get people in New Jersey vaccinated is to throw money at us. I must admit it s a better idea than throwing beer at us with his Shot and a beer program.
“The governor has declared the pandemic is over. We hope the pandemic listens,” Broward County Mayor Steven Geller said after Florida’s governor suspended pandemic-related restrictions statewide Monday.
Guests wear masks as required to attend the official reopening day of the Magic Kingdom at Walt Disney World in Lake Buena Vista, Fla., Saturday, July 11, 2020. Disney reopened two Florida parks, the Magic Kingdom and Animal Kingdom, Saturday, with limited capacity and safety protocols in place in response to the coronavirus pandemic. (Joe Burbank/Orlando Sentinel via AP)
(CN) Mayors in Florida’s two most populous counties decried Republican Governor Ron DeSantis on Monday night, claiming he prematurely declared victory over the novel coronavirus by signing executive orders axing Covid-19 safety measures statewide.
A Brand new Redondo Beach
SHARE Mayor Bill Brand at the AES power plant in Dec. 2016. Brand had recently enlisted the support of Los Angeles County Supervisor Janice Hahn and State Assemblyman Al Muratsuchi in converting the AES power plant into a park. Photo by Brad Jacobson
Slow growth Mayor Bill Brand has big plans for the power plant, the waterfront, and the Galleria
by Ralph Doyle
Redondo Beach has long been overshadowed by its smaller, but wealthier neighboring beach cities, Hermosa Beach and Manhattan Beach.
Redondo Beach Mayor Bill Brand appears intent on changing that, based on his State of the City address last Thursday.
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