(Reuters) -Media company Angel Studios said on Wednesday it would go public via a merger with blank check firm Southport Acquisition Corporation in a deal valued at $1.6 billion. Co-founded in 2013 by CEO Neal Harmon, Angel Studios generates revenue from licensing its films and television shows to streaming platforms such as Amazon, Apple and […]
Nippon Steel makes last ditch effort to win U.S. nod on US Steel deal, source says
WASHINGTON (Reuters) – A top Nippon Steel executive plans to meet with senior U.S. officials on Wednesday to try and salvage the firm’s $14.9 billion bid for U.S. Steel, a person familiar with the matter said. The meeting, which will feature Takahiro Mori, a key negotiator on the deal, is also expected to include Treasury […]
Honeywell CEO says ability to supply parts will determine aerospace unit’s growth
(Reuters) – Growth in Honeywell’s aerospace business next year will be determined by its ability to supply parts to Boeing and Airbus, not demand, the industrial giant’s CEO said at a conference on Wednesday. Demand for aircraft parts remains strong but shortages of parts and labor persist, hobbling the industry’s capacity to capitalize on an […]
JPMorgan names David Bauer co-head of ECM Americas
(Reuters) – JPMorgan Chase has named David Bauer as its new co-head of equity capital markets in the Americas, according to an internal memo seen by Reuters on Wednesday. Bauer, who joins the largest U.S. bank from private equity giant KKR, will lead the unit along with Keith Canton, the memo said. He has spent […]