… Read More
With subway and train ridership still seeing major declines from the same time last year, transportation hubs like Grand Central Terminal remain virtually empty, significantly impacting the businesses within them. More than six months into the pandemic, the Metropolitan Transportation Authority is now proposing a new rent agreement for its Grand Central tenants, in the hopes that businesses will be able to stay afloat.
The MTA has proposed a new rent agreement for its tenants at Grand Central
Under this new proposal, the agency will take a percentage of rent from the restaurants and other small businesses in GCT that will be based on gross revenue, according to Janno Lieber, the MTA’s chief development officer and the man overseeing the plan. Lieber declined to say what that percentage will be, but said the agency is in talks with the businesses to settle on a figure.
The new rent
… Read More
SHORT HILLS, N.J.–(BUSINESS WIRE)–Oct 7, 2020–
Dun & Bradstreet Holdings, Inc. (“Dun & Bradstreet” or the “Company”) (NYSE:DNB), a leading global provider of business decisioning data and analytics, through its subsidiary Dun & Bradstreet Holdings BV, today announced that it has entered into a definitive agreement to purchase the outstanding shares of Bisnode Business Information Group AB (“Bisnode”), a leading European data and analytics firm and long-standing member of the Dun & Bradstreet Worldwide Network. The estimated purchase price upon closing is 7.2B SEK or approximately $818 million USD. The transaction is expected to close in January 2021, subject to required regulatory approvals and customary closing conditions.
“We are pleased to bring Bisnode into the Dun & Bradstreet family following a nearly two-decade strategic alliance,” said Anthony Jabbour, Chief Executive Officer at Dun & Bradstreet. “The powerful combination of our data, analytics and innovative solutions, paired with Bisnode’s deep client
… Read More
LOS ANGELES–(BUSINESS WIRE)–Oct 6, 2020–
Crescent Acquisition Corp (“CAC” or the “Company”) (NASDAQ: CRSA, CRSAU, CRSAW), a publicly-traded special purpose acquisition company, together with F45 Training Holdings Inc. (“F45”), one of the fastest-growing fitness franchisors in the world, jointly announced today the termination of their previously announced business combination agreement. The termination is effective October 5, 2020.
“While we remain optimistic about the current performance and long-term growth prospects of F45, the prolonged uncertainty around the pandemic has challenged our ability to successfully complete the business combination,” Robert Beyer, Executive Chairman, and Todd Purdy, CEO, said jointly.
“Despite our best efforts to finalize this transaction, we ultimately concluded that approaching the public markets at this time was not the right option for F45,” said F45 CEO Adam Gilchrist. “That said, we are very pleased with our recent business performance, and have seen strong member re-engagement to almost pre-COVID levels. Our