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Exclusive: Forbes pursues SPAC talks amid new takeover interest - sources

Exclusive: Forbes pursues SPAC talks amid new takeover interest - sources
By Joshua Franklin, Krystal Hu and Echo Wang
Reuters
NEW YORK (Reuters) - Business news and information publisher Forbes Media LLC is in talks to go public through a merger with a special purpose acquisition company (SPAC) as it attracts new acquisition interest, people familiar with the matter said on Thursday.
Forbes owner is also fielding offers worth up to $700 million from bidders including a consortium led by tech investor Michael Moe and another offer from investment vehicle Borderless Services Inc, the sources said. Both of these bids would result in Forbes remaining a privately held company. ....

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EXCLUSIVE Forbes pursues SPAC talks amid new takeover interest -sources

4 minute read
The logo of Forbes magazine is seen on a board at the St. Petersburg International Economic Forum 2017 (SPIEF 2017) in St. Petersburg, Russia, June 1, 2017. REUTERS/Sergei Karpukhin
Business news and information publisher Forbes Media LLC is in talks to go public through a merger with a special purpose acquisition company (SPAC) as it attracts new acquisition interest, people familiar with the matter said on Thursday.
Forbes owner is also fielding offers from bidders including investment vehicle Borderless Services Inc, which has bid $700 million, and from a consortium led by tech investor Michael Moe, the sources said. Both of these bids would result in Forbes remaining a privately held company. ....

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Forbes Media pursues SPAC talks amid new takeover interest

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Exclusive: Forbes pursues SPAC talks amid new takeover interest - sources

Exclusive: Forbes pursues SPAC talks amid new takeover interest - sources
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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Judge questions FBI seizure of Beverly Hills safe deposit boxes

Print
A retired flooring contractor was watching television one night last month when he saw a news report about federal agents raiding U.S. Private Vaults, a store in a Beverly Hills strip mall that let customers rent safe deposit boxes anonymously.
He knew the place well. It’s near his home and, for years, he has rented a long, narrow box there to keep about $60,000 in cash, gold and silver. It also contained the title certificate for his pickup truck.
The 69-year-old man, who declined to be named because of privacy and safety concerns, said he has kept the stockpile of currency and precious metals since getting spooked by the 2008 financial crash. “You never know what’s going to happen, the way the world’s going today,” he said. ....

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