News Highlights: Top Company News of the Day - Friday at 3 PM ET

Shari Redstone Faces a Choice: A Deal for Paramount or Her Family Company 
 

Two parties have expressed interest in buying Redstone's National Amusements, while Paramount directors are backing a deal with Skydance Media.

 
Boston Beer in Talks to Sell Itself to Jim Beam Owner Suntory 
 

Japanese whisky-maker Suntory is in talks to acquire Boston Beer, the American brewer known for its Samuel Adams brand.

 
LL Flooring Founder Launches Proxy Fight After Failed Buyout 
 

LL Flooring's founder, Tom Sullivan, is launching a proxy fight at the company he created, marking the latest investor activism at the struggling flooring seller as the company considers alternatives.

 
Top Proxy Firm Recommends Against Elon Musk's Tesla Pay Package 
 

ISS is the latest to advise shareholders to vote against the compensation.

 
Disney and Comcast Hit Impasse in Final Lap of Hulu Negotiations 
 

Companies are discussing a Disney buyout of Comcast's stake in streaming service; with a big valuation gap, the prospect of a court battle looms.

 
Caesars Stock Pops on Report Carl Icahn Has Amassed a Large Stake 
 

Caesars is the top-performing stock in the S&P 500 on Friday.

 
Why Dell's stock is having its worst day on record despite strong AI demand 
 

Investors "likely to get anxious relative to the cost of driving the strong revenue-growth trajectory," according to JPMorgan.

 
China Securities Regulator Fines Evergrande Unit $580 Million 
 

A Chinese regulator fined a unit of China Evergrande Group almost $580 million for alleged financial misconduct, dealing the former property giant another blow as it navigates liquidation proceedings.

 
Bill Ackman Eyes IPO of Pershing Square 
 

Bill Ackman is planning to take his investment firm public as soon as next year, the boldest move yet by the hedge-fund manager to capitalize on his social-media fame.

 
Intel Betting on AI Well Beyond Data Centers 
 

Intel said it is preparing for rising demand for consumer products that can handle artificial-intelligence computing tasks on-site.

(END) Dow Jones Newswires

May 31, 2024 15:15 ET (19:15 GMT)

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