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Occidental Petroleum Chief Executive Vicki Hollub cut jobs and slashed spending after the company’s last major purchase in 2019. Photo: Nick Oxford/Bloomberg NewsOccidental Petroleum is in talks to buy CrownRock, a major energy producer in the west Texas area of the Permian basin, continuing a frenzy of deal making in the oil patch. A deal for the closely held company, which could be valued well above $10 billion including debt, could come together soon assuming the talks don’t fall apart or another suitor doesn’t prevail, according to people familiar with the matter.

Persons: Vicki Hollub, Nick Oxford, doesn’t Organizations: Occidental Petroleum, Bloomberg News Occidental Petroleum Locations: Texas

A tie-up between Cigna and Humana would breathe new life into the M&A market. Photo: Joe Buglewicz/Bloomberg NewsCigna and Humana are in talks for a combination that would create a new powerhouse in the health-insurance industry. The companies are discussing a stock-and-cash deal that could be finalized by the end of the year, assuming the talks don’t fall apart, according to people familiar with the matter.

Persons: Joe Buglewicz Organizations: Bloomberg Locations: Cigna

☆ Stock Market Today: All Eyes on Nvidia's Coming Results
▼ + stars: | 2023-11-21 | by ( ) www.wsj.com time to read: +1 min

Earnings are due later from Nvidia, the chip maker that is riding the AI wave . Meanwhile investors are watching the drama unfolding at OpenAI , where hundreds of staff are threatening to quit—and contemplating the implications for Microsoft and others. “AI exuberance has been a dominant theme this year,” said Laura Cooper, a macro strategist at BlackRock. Some of this enthusiasm waned as borrowing costs surged earlier in the fall, she said. International benchmarks were subdued, with indexes in Hong Kong, Shanghai and Tokyo closing flat to slightly lower.

Persons: —, ”, Laura Cooper, Dow industrials, BlackRock’s Cooper, Brent Organizations: Nvidia, Microsoft, BlackRock, ”, Nasdaq, Dow Locations: OpenAI, Treasurys, Hong Kong, Shanghai, Tokyo

☆ Bain to Buy Guidehouse in $5 Billion Deal
▼ + stars: | 2023-11-06 | by ( Mark Maurer | Laura Cooper | ) www.wsj.com time to read: 1 min

Bain Capital acquiring Guidehouse is the latest move by private-equity firms to scoop up professional-services providers. Photo: Nikolas Kokovlis/Zuma PressBain Capital said it would acquire Guidehouse, a consulting firm that advises government organizations and businesses, in a deal valuing it at $5.3 billion including debt. The firms announced the agreement on Monday. The move is the latest by private-equity firms to scoop up professional-services providers as consulting growth in certain areas slows. It is also a rare deal for an asset class that is struggling to find exits and to return capital to awaiting limited partners.

Persons: Nikolas Kokovlis, Zuma Press Bain Organizations: Bain Capital, Guidehouse, Zuma Press, Zuma Press Bain Capital

☆ Bain Close to Buying Guidehouse in $5 Billion Deal
▼ + stars: | 2023-11-06 | by ( Mark Maurer | Laura Cooper | ) www.wsj.com time to read: 1 min

Bain Capital acquiring Guidehouse is the latest move by private-equity firms to scoop up professional service providers. Photo: Nikolas Kokovlis/Zuma PressBain Capital is close to acquiring Guidehouse, a consulting firm that advises government organizations and businesses, in a deal valuing it at $5.3 billion including debt. An agreement could be announced as soon as Monday, according to people familiar with the situation, barring any last-minute delays.

Persons: Nikolas Kokovlis Organizations: Bain Capital, Guidehouse, Zuma Press Bain Capital

☆ Waystar IPO Delayed Until December or 2024
▼ + stars: | 2023-10-31 | by ( Corrie Driebusch | Laura Cooper | ) www.wsj.com time to read: 1 min

Waystar provides large healthcare providers with payments software. Photo: AlamyOne of the last big IPOs of the year just got delayed as the short-lived rebound in the new-issue market unravels. Waystar was set to launch its roadshow to pitch investors this week, but now is not expected to do so until December at the earliest, people familiar with the matter said. The healthcare-payments company, which at one point was expected to fetch a valuation in the high-single-digit billions, will likely wait until 2024, some of the people said.

Persons: Waystar

☆ Blackstone Investment Strategist Byron Wien Dies at 90
▼ + stars: | 2023-10-26 | by ( Laura Cooper | Ted Bunker | ) www.wsj.com time to read: 1 min

Byron Wien had joined Blackstone’s quarterly partners meeting last week. Photo: Christopher Goodney/Bloomberg NewsByron Wien, the longtime Blackstone executive known for his market prognostications and intense networking, died at 90 on Wednesday. Wien, who developed a wide following with his annual “Ten Surprises” list, was vice chairman of the private wealth group at Blackstone, which he joined 14 years ago. For decades, his lists detailed economic, political and financial market surprises he expected to see in the year ahead. He produced the 38th edition last January.

Persons: Byron Wien, Christopher Goodney Organizations: Bloomberg, Blackstone

☆ Vista Equity Partners Close to $4 Billion Buyout of EngageSmart
▼ + stars: | 2023-10-23 | by ( Laura Cooper | Ben Dummett | ) www.wsj.com time to read: 1 min

Vista Equity Partners Chief Executive Robert F. Smith. Photo: JEENAH MOON/REUTERSVista Equity Partners is close to a $4 billion deal to acquire business-software company EngageSmart , a sizable buyout at a time when many private-equity firms are sitting on the sidelines. Under the terms of the deal, shareholders in the customer engagement and payments software specialist would receive $23 per share in cash, according to people familiar with the situation. The deal could be announced as soon as Monday, barring any last-minute snags.

Persons: Robert F, Smith Organizations: Vista Equity Partners, REUTERS Vista Equity Partners

☆ Big Shipping-Container Firm Nears Sale
▼ + stars: | 2023-10-23 | by ( Laura Cooper | ) www.wsj.com time to read: 1 min

Textainer buys, manages and leases marine-cargo containers and is a longstanding supplier to the U.S. military, according to its website. Photo: Kiyoshi Ota/Bloomberg NewsInfrastructure investor Stonepeak is close to a deal to purchase shipping-container lessor Textainer for more than $2 billion. Textainer investors are expected to receive $50 a share in cash, valuing the company at about $2.1 billion, people familiar with the matter said. Factoring in Textainer’s debt, the deal is worth about $7.4 billion.

Persons: Textainer, Kiyoshi Ota, Stonepeak Organizations: ., Bloomberg News Infrastructure

☆ Big Shipping-Container Firm Strikes Deal
▼ + stars: | 2023-10-22 | by ( Laura Cooper | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

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Persons: Dow Jones, sachs Organizations: goldman

Persons: Dow Jones, sachs Organizations: goldman

Persons: Dow Jones Organizations: exxon, mobil

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Persons: Dow Jones, sachs Organizations: goldman

Persons: Dow Jones

As a result, investing in equal-weighted ETFs that provide a more diversified approach and offer exposure to old economy-linked sectors such as energy and manufacturing are coming back in favor as investors look to broaden their exposure beyond Big Tech. Laura Cooper of BlackRock said the company's "highest conviction call" in the United States is the S&P 500 equal-weight. The $42-billion Invesco S&P 500 equal-weighted ETF , which mirrors the performance of the S&P 500 equal-weight index (.SPXEW), saw inflows of $8.80 billion from the beginning of June through Aug. 25, according to Refinitiv Lipper data. In comparison, the much larger $402-billion SPDR S&P 500 ETF Trust , which tracks moves in the market cap weighted S&P 500 (.SPX), bled $10.88 billion during the same period. Invesco S&P 500 equal-weighted ETF drew $4.85 billion inflows in June, the most since the fund was launched in 2003, followed by $3.53 billion in July, the second highest on record.

Persons: Brendan McDermid, Laura Cooper, BlackRock, Cooper, Dan Boardman, Jake Dollarhide, BlackRock's Cooper, Sruthi Shankar, Medha Singh, Sweta Singh, Shounak Organizations: New York Stock Exchange, REUTERS, U.S . Federal, Big Tech, iShares EMEA, BlackRock, Trust, BRI Wealth Management, Apple, Microsoft, Nvidia, Google, Facebook, Meta, Nasdaq, Longbow Asset Management Company, Thomson Locations: New York City, U.S, United States, Weston, Bengaluru

Persons: Dow Jones

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Persons: Dow Jones

☆ Former Disney CEO Michael Eisner Strikes Deal to Sell Bazooka Gum Business
▼ + stars: | 2023-08-18 | by ( Ben Dummett | Laura Cooper | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, eisner

☆ NYSE, Nasdaq Battle for New Listings in Sign of IPO Awakening
▼ + stars: | 2023-08-09 | by ( Corrie Driebusch | Laura Cooper | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: nyse, nasdaq

☆ Kim Kardashian Taps Ex-Apple, Burberry Executive for Private-Equity Firm
▼ + stars: | 2023-08-07 | by ( Laura Cooper | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, kim, kardashian

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Persons: Dow Jones, schuster Organizations: kkr

☆ Stock Market Today: Nasdaq, Dow Close Lower as Earnings Continue; U.S. Credit Downgraded
▼ + stars: | 2023-08-02 | by ( ) www.wsj.com time to read: +1 min

Stocks finished lower as investors parsed earnings and stronger-than-expected employment data and Fitch downgraded the U.S.'s credit rating . “Earnings are coming in a bit more lackluster.”Companies reporting earnings early Wednesday included CVS Health, Humana, Kraft Heinz and Carlyle Group . Stocks fell. The Dow, S&P 500 and Nasdaq notched declines, with the Nasdaq off more than 2%. The 30-year yield also finished at its highest level since November.

Persons: Stocks, Fitch, ”, Laura Cooper, Kraft Heinz, Dow, Brent Organizations: BlackRock, ”, CVS Health, Humana, Kraft, Carlyle Group, Nasdaq, Devices, Treasury, Global Locations: U.S

☆ KKR to Sell Audiobook Publisher RBmedia
▼ + stars: | 2023-07-25 | by ( Jeffrey A. Trachtenberg | Laura Cooper | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: kkr

☆ KKR Nears Deal for Specialty-Chemicals Maker Chase
▼ + stars: | 2023-07-20 | by ( Lauren Thomas | Laura Cooper | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 178ad701 Organizations: kkr

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