Investment Firms Tiedemann and Alvarium Near Deal to Merge, Go Public Via SPAC
The combined investment firm would be called Alvarium Tiedemann Holdings and be valued at roughly $1.4 billion in the deal with the SPAC Cartesian Growth Corp., people familiar with the matter say.
Shell to Start Making Lower-Carbon Jet Fuel as Regulations Loom
The Anglo-Dutch energy giant is the first big oil company to disclose production and sales targets for sustainable aviation fuel as demand ramps up.
Europe's OVHcloud Readies Possible $4.7 Billion IPO
Potential offering comes amid surging demand for web hosting and other cloud services after the pandemic pushed businesses and consumers to accelerate the adoption of digital communication to interact.
Prudential Plans Up to $2.89 Billion Hong Kong Share Sale
Prudential PLC is planning to raise up to $2.89 billion by issuing new shares as the insurer looks to redeem high-coupon debt due in six months and invest for growth.
Brookfield Asset Management Makes $6.96 Billion Offer for AusNet
Australian power distributor AusNet Services Ltd. said it intends to recommend shareholders accept a takeover proposal from Brookfield Asset Management Inc. that values its equity at $6.96 billion.
TikTok Maker Caps Screen Time for Youths in China
ByteDance implements "youth mode" for users under age 14 as Beijing steps up scrutiny of tech use by young people.
Universal Music Spinoff to Test Investors' Appetite for Music
The company behind Taylor Swift and Drake is expected to list in Europe on Tuesday after Vivendi distributes shares to its stockholders.
Sonos Has a Few Laws on Its Side
Ability to raise prices while demand is booming is an even better sign for the maker of premium speakers than the patent win against Google.
SpaceX Returns Private Astronauts to Earth After Three Days in Orbit
The four-person crew lands off the coast of Florida, completing a mission that included scientific research and cold pizza.
Musk's Push to Expand Tesla Driver Assistance Rankles NTSB
Tesla plans to expand access to its Full Self-Driving system and defends its technology. A safety official says more work is needed and calls the name irresponsible.
(END) Dow Jones Newswires