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Honda, LG Energy plan $4.4bn EV battery factory in US.
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Zendesk 's investor Light Street Capital said on Monday it would vote against the software company's $10.2bn deal to go private and instead proposed that Zendesk remain a standalone public company and find a new CEO.
Light Street, which manages funds that own more than 2% shares of Zendesk, said the deal struck with investment firms led by Hellman & Friedman and Permira undervalues the San Francisco-based company.
Zendesk (led by Mikkel Svane ) is advised by Goldman Sachs , Qatalyst Partners , Wachtell, Lipton, Rosen & Katz (led by Steven Rosenblum ) and Sard Verbinnen & Co (led by. Financial advisors are advised by Morrison Foerster (led by Spencer Klein ) and Sullivan & Cromwell LLP (led by Alison Ressler ). The bidders are advised by Morgan Stanley , Dechert LLP (led by Mark Thierfelder ), Fried Frank , Kirkland & Ellis (led by Rick Campbell ), Simpson Thacher & Bartlett LLP (led by Atif Azher ), Finsbury Glover Hering and Sard Verbinnen & Co (led by Megan Bouchier ). Debt providers are advised by Latham & Watkins (led by Mike Ben ).
Bain Capital , an American private investment firm based in Boston, agreed to acquire Evident Industrial , the microscope unit of Olympus Corporation , a Japanese manufacturer of optics and reprography products, for $3.1bn.
The sale is a part of Olympus Chief Executive Officer Yasuo Takeuchi ’s plan to pivot the company in the direction of health-care, with the goal of becoming the world’s leading maker of endoscopes.
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Walmart , a retail corporation, agreed to acquire the remaining 47% stake in Massmart , a retail and wholesale group, for ZAR6.4bn ($378m).
The potential offer will enable Walmart to continue its overweight support as a long-term shareholder and allow eligible Massmart Shareholders the opportunity to realise value now.
Walmart (led by Doug McMillon and John David Rainey ) is advised by Goldman Sachs and Webber Wentzel . Massmart (led by Mitchell Slape and Mohammed Abdool-Samad ) is advised by Standard Bank South Africa , ENS and PwC .
Lifepoint Health® , a healthcare provider that serves patients, clinicians, communities and partner organizations across the healthcare continuum, agreed to acquire a majority stake in Springstone , a behavioral health provider, from Medical Properties Trust, Inc. , a real estate investment trust that invests in healthcare facilities. Financial terms were not disclosed.
"The need for greater access to behavioral health services continues to grow and is fundamental to our objective of providing diversified healthcare delivery services to communities and partners across the country. Adding the talented team at Springstone's depth of experience and platform for providing high quality behavioral healthcare will accelerate our ability to broaden these crucial services for communities that need them," David Dill, LifePoint Health Chairman and CEO.
Springstone (led by Phil Spencer) is advised by Baker Donelson , Bradley Arant Boult Cummings LLP , Goodwin and U.S. Behavioral Partners (led by Kelly Sorice ). Lifepoint Health® (led by David Dill and Mike Coggin) is advised by Barclays , Goldman Sachs , Paul, Weiss, Rifkind, Wharton & Garrison LLP and Sidley Austin LLP .
Honda, LG Energy plan $4.4bn EV battery factory in US.
American Honda Motor Company, Inc. and LG Energy Solution said Monday they plan to build a $4.4bn electric-vehicle battery factory in the US, the latest tie-up between auto makers and battery suppliers seeking to expand capacity by sharing upfront costs, Wall Street Journal reported.
The companies plan to begin construction of the factory early next year and start mass production by the end of 2025. The factory is planned for Ohio, the same state as Honda’s longstanding auto plant in Marysville. The companies didn’t name the location.
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