Luxury EV maker Lucid Motors to go public with $11.75 merger with black check company Churchill Capital IV Corp

In a statement luxury electric vehicle maker Lucid Motors stated, it will go public by merging with blank-check firm Churchill Capital IV Corp in a deal that values the combined company at $11.75 billion. Incidentally, CCIV, which has the backing of Michael Klein, and new private investors are getting shares at different prices: the new…

Quebec-based Lion Electric Co aims to go public through SPAC

In a statement, Lion Electric Co stated it plans on going public through a merger with blank-check company Northern Genesis Acquisition Corp. The startup aims to ramp up production capacity to tap growing demands for electric vehicles. Known for its yellow electric school buses, Quebec-based Lion Electric expects to receive around $500 million of net…

Liberty Global Plc and Telefónica SA set to merge UK business in a deal worth $29.57 billion

On Thursday, according to a report from the Financial Times, in a deal worth $29.57 billion (24 billion pounds), the British units of Liberty Global Plc and Telefónica SA will merge with Telefónica SA. Both companies are expected to announce the merger deal on Thursday following five months of negotiations, said the FT’s report citing…

Viacom Inc demands that CBS Corp raises its merger bid $2.8 billion

The demand which incidentally underscores the wide gap between Viacom’s price expectations and CBS Corp’s offer price indicates that both companies have made little progress in talks. The synergies however have potential since it would position the combined company to better leverage its asset swhile negotiating with U.S. cable and satellite companies. As per sources…