Puig Stock Dives, Lauder’s Spikes After Merger Talks End
Puig’s shares plunged 14% after the company and Estée Lauder announced they had ended merger talks, while Estée Lauder stock jumped 11.6% on the news. The talks, first disclosed in March, would have created the world’s largest prestige‑beauty group. Industry sources say a dispute over Charlotte Tilbury, which accounts for roughly 15% of Puig’s revenue, was a major obstacle. Analysts also flagged macro‑level doubts about scale, integration risk and the fit with Lauder’s ongoing “Beauty Reimagined” turnaround.
What the AvalonBay, Equity Residential Megamerger Means for the Apartment Industry and Rents
AvalonBay and Equity Residential announced an all‑stock merger valued at $69 billion enterprise and $52 billion market capitalization, creating a REIT with more than 180,000 rental units. The combined company will be led by AvalonBay CEO Benjamin Schall, while Equity Residential’s Mark Parrell...
AI Firm C5i Revives IPO Plans, Eyes ₹1,200 Crore Raise Amid Sector Momentum
AI analytics firm C5i, formerly Course5 Intelligence, has revived its IPO plans, targeting a raise of ₹1,000‑1,200 crore ($120‑$144 million) within the next 12‑18 months. Backed by 360 One, the company is re‑engaging investment banks such as ICICI Securities after shelving a...
The Musk Banker Who Took a Back Seat to Goldman Sachs
The article profiles veteran investment banker John McCaskey, who was Elon Musk’s primary financial adviser during the early fundraising rounds for Tesla and SpaceX. McCaskey helped secure billions of dollars in equity and debt, but a recent $5 billion private financing...
Vedanta Resources Looking to Rejig $5.5 Bn Holdco Debt in One Go
Vedanta Resources is negotiating a single‑shot refinancing of its $5.5 bn holding‑company debt. The plan targets $3.5‑3.7 bn of 10‑year amortising bonds and $1.5‑1.7 bn of five‑year senior loans, aligning repayments with dividend cash flows after a recent demerger. Extending the average debt...
MRE's Aircraft ABS Aims to Raise $612 Million
MRE’s aircraft asset‑backed securities (ABS) program is set to raise $612 million through two tranches—class A notes of $585 million and a smaller class B tranche—issued via the FTAI MRE 2026‑1 Cayman and US structures. The pool comprises 48 narrow‑body and freighter aircraft, 90.6% of value...
Zepto To Float ₹11,000 Cr IPO By July: Report
Quick‑commerce platform Zepto is preparing a ₹11,000 cr ($1.1 bn) IPO slated for filing before July 31, after receiving SEBI approval. The company will submit an updated draft red‑herring prospectus in the coming weeks, positioning it as the third quick‑commerce startup to list...
SpaceX Used a $20 Billion Bridge Loan to Slash Musk’s Debt Costs in Half, IPO Filing Reveals
SpaceX’s IPO filing shows the company secured a $20 billion bridge loan that retired $17.5 billion of high‑interest junk debt from X and xAI. The new loan carries a 4.58% effective rate, cutting annual interest expenses to roughly $900 million—about half of the...
The Estée Lauder Cos. And Puig End Merger Talks
The Estée Lauder Companies and Spanish fashion‑and‑beauty group Puig announced Thursday that they have ended discussions on a potential merger. Both CEOs thanked each other and reaffirmed confidence in their independent strategies. Estée Lauder said it will continue to pursue...
SpaceX Is Worth $1.75 Trillion. Only 7% of That Is Real.
SpaceX filed a Form S‑1 on May 20 to raise up to $80 billion in a dual‑class IPO that would value the company at roughly $1.75 trillion, making it one of the world’s most valuable public firms. The prospectus breaks the business into three...
PNE Issues Bond: PNE AG Plans €65 Million for Refinancing and Project Business
PNE AG announced a new corporate bond of up to €65 million (approximately $70 million) to be issued in Q2 2026, marking its fourth bond in 13 years. The five‑year instrument will carry a coupon between 6.75% and 7.75% and mature on 18 June 2031. An...
CBS, TNT Sports Parents Face New Merger Scrutiny by Lawmakers
Paramount Global’s $110 billion bid to acquire Warner Bros. Discovery has drawn fresh scrutiny from six Democratic senators, who sent a letter to FCC Chair Brendan Carr highlighting national‑security risks tied to the proposed 49.5 % foreign ownership of the combined entity....
SpaceX IPO Filing Shows Billions in AI Losses, a $2 Trillion Valuation Target, and Turbine Spending that Signals More Data...
SpaceX filed an S‑1 seeking up to $75 billion in proceeds and a $2 trillion market cap, the largest IPO ever contemplated. The filing shows a $4.28 billion Q1 2026 loss driven by a $6.36 billion AI‑division deficit, while Starlink contributed two‑thirds of revenue. Anthropic...
Reebok Owner Acquires Lee and Plans IPO with a New “Wall Street CEO”
Authentic Brands Group (ABG), the owner of Reebok, Champion and Brooks Brothers, announced it will pursue an initial public offering within the next twelve months. Simultaneously, ABG is acquiring the denim label Lee, expanding its apparel portfolio. Founder Jamie Salter...
The Main Takeaways From Elon Musk’s Plans for $1.75tn SpaceX Flotation
Elon Musk’s SpaceX filed a prospectus for a $1.75 tn (≈$1.63 tn) flotation slated for next month, seeking public capital to fund its multi‑planetary vision. The 2025 financials show a $4.9 bn loss on $18.7 bn revenue, with Starlink’s $11.4 bn connectivity segment the only...