Public Storage, the largest U.S. operator of self-storage properties, on Sunday unveiled an $11 billion hostile bid for Life Storage Inc., ratcheting up attempts to buy its smaller rival after its earlier takeover attempts were rebuffed. Under the proposed all-stock deal, Life Storage shareholders would receive 0.4192 shares of Public Storage for each Life Storage…
Emerson Electric Unveils Hostile $7 Billion Bid for National Instruments
U.S. engineering and industrial software company Emerson Electric Co. on Tuesday disclosed a nearly $7 billion offer for National Instruments Corp., which it has been trying to buy unsuccessfully for several months. The software firm’s all-cash bid of $53 per share, which was first submitted to NI on Nov. 3, represents a premium of about…
Prosecution Witness Stands by Testimony in Holmes Trial
SAN JOSE, Calif.—Prosecution witness and former Theranos lab director Adam Rosendorff stood by his earlier testimony during a court appearance in Elizabeth Holmes’s fraud trial on Monday. Rosendorff’s statements could pave the way for Holmes’ sentencing in the case, which was postponed after Rosendorff sought to speak with Holmes following the trial. Rosendorff made an…
Key Witness in Holmes Trial Affirms Testimony Against Her
SAN JOSE, Calif.—A key witness in a trial that led to the conviction of disgraced Theranos CEO Elizabeth Holmes adamantly stood by his testimony during an unusual court appearance Monday. The prosecution witness, former Theranos lab director Adam Rosendorff, made a remorseful appearance at Holmes’s Silicon Valley home after the trial, raising questions about potential…
Warren Buffett Charity Lunch Fetches Record Winning Bid of $19 Million
A wealthy person has bid a record $19 million to eat lunch with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity. The winning bid at the eBay auction, which ended on Friday, far surpassed the previous record of $4.57 million paid…
Official Who Supports CCP’s Suppression of Pro-Democracy Activists to Run for Hong Kong’s Top Job
Hong Kong’s No. 2 official John Lee, who’s bidding to become the city’s next leader, said Friday he’d been relieved of his duties and would soon inform the public of his “next moves.” John Lee, a staunch supporter of a Beijing-backed clampdown on pro-democracy activists, said the central government had accepted his resignation from his…
Google, Meta Face EU, UK Probes Into Ad Bidding Agreement
March 12, 2022
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BRUSSELS—British and European regulators threatened to crack down on Google and Facebook parent Meta over an agreement for online display advertising services, saying Friday that the deal may breach rules on fair competition. The fresh scrutiny in Europe, which has pioneering efforts to rein in big technology companies, strikes at the heart of Google’s business—the…
EU Court Rejects Cities’ Bid to Curb Car Emissions
BRUSSELS—The European Union’s top court dismissed a complaint on Thursday brought by the cities of Brussels, Madrid, and Paris against the European Commission in which they accused it of setting car emissions limits for nitrogen oxides too high. The Court of Justice of the European Union (CJEU) thereby overruled an earlier judgment in favor of…
Bid Fails to Dismiss Kobe Bryant Crash Photos Lawsuit
LOS ANGELES—Lawyers for Los Angeles County have failed to persuade a federal judge to end Vanessa Bryant’s lawsuit over gruesome photos of the helicopter crash that killed her husband, Kobe Bryant, her daughter Gianna and seven others. U.S. District Judge John F. Walter on Wednesday rejected a county motion that would have dismissed the case,…
KKR Says No Set Deadline to Start Due Diligence on TIM’s Bid
MILAN—U.S. fund KKR said on Monday it expected to be able to take a decision on its takeover approach for Telecom Italia (TIM) only after a due diligence process but it had set no deadline to start its analysis. Asked by market regulator Consob to clarify whether it would still proceed with the offer if…
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