BOSTON/NEW YORK - Activist investor Paul Hilal’s Mantle Ridge LP has bought nearly 10% of Aramark’s common stock to push for changes at the U.S. food services company, a regulatory filing showed on Friday.
The disclosure comes three months after Reuters reported that Mantle Ridge was exploring raising financing to make an offer to acquire Aramark, which would have been one of the biggest leveraged buyouts since the financial crisis. In addition to Aramark’s common stock, Mantle Ridge owns derivatives, bringing its total economic exposure to roughly 20% of the company, according to the filing.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UPS buys stake in TuSimple, testing self-driving trucks in ArizonaUPS said on Thursday it has bought a minority stake in self-driving company TuSi... Once again, you try eliminate drivers, they wont have money to buy anything, so now you profits will go down. Its like moving jobs to china, no jobs here, cant buy anything. It’s Here already. AndrewYang HumanityFirst TruckersForYang YangGang I’m curious about how do they control the speed limit or stopping because of roadside hazards?
Source: Reuters - 🏆 2. / 97 Read more »
Alibaba's Tsai buys rest of NBA's Brooklyn NetsAlibaba Group Holding Ltd co-founder Joseph Tsai is buying a 51% stake that he d... Anything is for sale in America!
Source: Reuters - 🏆 2. / 97 Read more »
Autonomous trucks are now moving UPS loads — and it shows that driverless trucks may be just a few years away from disrupting the $800 billion trucking industryUPS bought a minority stake in self-driving truck company TuSimple, which plans to have driverless trucks available for purchase by 2023. It will happen TheFireTracker2 So basically putting thousands and thousands of people out of work. All while putting other drivers on the road at risk. Terrible.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Drew Barrymore Eyes Daytime Talk ShowThe actress is filming a pilot this week, potentially adding another big name to a suddenly hot syndication market. yashar Don’t watch daytime TV. She was however awesome in SNL skit “The Lovahs”. yashar My Pisces sun, Cancer moon twin DrewBarrymore this ain’t it. It’s money but there are too many - do some meaty indie film projects and the awards buzz will come. xo
Source: THR - 🏆 411. / 53 Read more »
AOL held talks to buy YouTube, Facebook in 2006, ex-CEO revealsFormer AOL CEO Jon Miller revealed to CNBC that he held talks to acquire both YouTube and Facebook in 2006 but never got support from the Time Warner board to close the deals. Yet? Yeah and I was going to buy Amazon, Apple, Netflix and Chipotle they day they had their IPO. Hindsight is 20/20.
Source: CNBC - 🏆 12. / 72 Read more »
AP source: Trump has talked about buying Greenland for USAiming to put his mark on the world map, President Donald Trump has talked to aides and allies about buying Greenland for the U.S. In 1946, the U.S. proposed to pay Denmark $100 million to buy Greenland after flirting with the idea of swapping land in Alaska for strategic parts of the Arctic island. With taxpayer money please understand that's code for 'buy another golf course'. With all the excess cash we have laying around. Genius!
Source: YahooNews - 🏆 380. / 59 Read more »