Private equity firm H.I.G. Capital plans to buy Ascent Global Logistics, a tech supply chain and logistics company, from affiliates of hedge fund and activist investor Elliott Investment Management, HIG said Tuesday. Ascent was formerly the arm focused on fast freight delivery, or time sensitive shipments, of trucking company Roadrunner. In 2019, Elliott Management took control over trucking...
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ByteDance Valuation Falls 26% to $223.5 Billion in New Employee Share Buyback
TikTok parent company ByteDance is planning to buy at least $300 million worth of stock from current and former U.S. employees in a deal that values the privately-held company at $223.5 billion, down 26% from a similar buyback offer a year ago, according to two people with direct knowledge of the situation. Current and former employees must notify the company of their desire to sell shares by...
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