The Daily Chase: Smith Financial to buy Home Capital; Iger back at Disney
BNN Bloomberg
The Home Capital saga has ended in a sale of the company. The mortgage lender announced it has entered into a definitive agreement to be acquired by Smith Financial for $44 per share – a 63 per cent premium to Friday’s closing price.
FTX FALLOUT DEEPENS
The fallout from the stunning implosion of Sam Bankman-Fried’s once dominant FTX empire is rippling through crypto markets. Over the weekend, it was revealed that the now-bankrupt FTX owes some US$3.1 billion to its 50 largest unsecured creditors, and that the company and its affiliated units are launching a strategic review of their global assets. That’s stoked worries that other digital-asset outfits will also fail – on that note, our Bloomberg partners reported last week that crypto lender BlockFi could end up filing for bankruptcy within days.
DISNEY SHARES SURGE AS IGER RETAKES CEO ROLE
