Roper Technologies to buy Vertafore for $5.35 billion

(Reuters) – Roper Technologies Inc (ROP.N) said on Thursday it would buy Vertafore Inc, a private equity-owned insurance software vendor, for about $5.35 billion, in what would be its largest takeover deal to date. Reuters had earlier reported that the…

Billy Beane, of 'Moneyball' fame, looks to raise $500-million SPAC

(Reuters) – RedBall Acquisition Corp, a special purpose acquisition company (SPAC) co-chaired by baseball executive Billy Beane and former Goldman Sachs banker Gerald Cardinale, said on Tuesday it plans to raise $500 million in its initial public offering. The offering…

Oil firm BJ Services files for Chapter 11 bankruptcy

(Reuters) – Oilfield services firm BJ Services filed for Chapter 11 bankruptcy protection early on Monday, following a severe cut in demand and cash crunch due to the coronavirus pandemic. The company, which offers hydraulic fracturing of shale wells, said…

PG&E emerges from Chapter 11 bankruptcy

(Reuters) – Utility PG&E Corp (PCG.N) said on Wednesday it had emerged from bankruptcy, marking an end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California. The completion of bankruptcy proceedings…