Bank of America is scaling back its global ambitions with the recent sale of stakes in international banks. It’s a sharp reversal from a strategy former Bank of America CEO Ken Lewis touted on a visit to San Francisco and mentioned frequently to the investment community. The nation’s largest bank saw the investments as a way to participate in growing economies around the world while leveraging its skills as a retail-banking powerhouse.
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Beazer refinancing raises Dream Finders deal cost by $53 million
For weeks, a central question surrounding Dream Finders Homes‘ pursuit of Beazer Homes has been unambiguous: Will Dream Finders’ offer for the company and its public relations campaign be enough to convince Beazer shareholders that a sale should occur? A just-completed debt refinancing by Beazer Homes likely raises the cost of any acquisition of Beazer. […]
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