Erik Holm on Muck Rack

Erik Holm Verified

Deputy Editor, MoneyBeat — Wall Street Journal

Deputy editor of the Wall Street Journal's MoneyBeat blog. Dad of the Year (runner-up). San Francisco Giants fan. Amateur cat behaviorist.

Reinsurance Merger Comes With a Twist: A Special Dividend — A $1.9 billion deal announced Monday between two Bermuda reinsurance companies includes an unusual twist: It's partly funded with a special dividend. Under the terms of the deal, shareholders of Platinum Underwriters Holdings Ltd. are in line to get $76 per share through a combination of cash and stock from the buyer, RenaissanceRe Holdings Ltd.

Podcast: Do Allergan, Actavis, and Ackman Hint at a Market Top? — Actavis PLC's $66 billion deal to buy Allergan Inc., announced Monday, is the biggest merger in a very busy year for mergers. The agreement appears likely to mark the end of a months-long tug-of-war between Allergan, the maker of Botox, and a team that included activist investor Bill Ackman.

Habit Restaurants doubles in debut — Looks like investors are hungry to scoop up shares of newly-public Habit Restaurants Inc. The burger chain priced its initial public offering at $18 Wednesday night, above expectations, and shares are now soaring in its trading debut. Shares opened at $30 and now are trading around $36.19, up 101%.

SEC Suspends Trading in Four Penny Stocks On Ebola Claims — The U.S. Securities and Exchange Commission on Thursday suspended trading in four penny stocks that had claimed to be developing products in response to the Ebola outbreak. The securities regulator said "questions have arisen concerning the accuracy and adequacy of publicly disseminated information" distributed by the four companies.

Merger Madness: Deals Top $100 Billion on a Manic Monday — It's a $100 billion day for deals. Actavis PLC just announced that it had agreed to buy Botox-maker Allergan Inc. in a $66 billion deal that would create one of the ten largest pharmaceutical companies in the world. The news comes on top of the revelation earlier Monday that Halliburton Co.

Podcast: A Big Week for Big Deals — There was a flurry of merger news late in the week, from Halliburton Co. eyeing Baker Hughes Inc. to Warren Buffett nabbing Duracell. In this week's edition of the MoneyBeat Week podcast, the crew breaks down both of those deals, along with the announcement that BB&T Corp. agreed to buy Susquehanna Bancshares Inc.

Islamic State to Mint Gold Coins

Big Day at Goldman: New Partners to Be Announced Soon — It's a big day at Goldman Sachs Group Inc. Goldman will unveil a list of employees who have been tapped to join one of Wall Street's most exclusive clubs: the prestigious firm's partnership. About 400 people are partners now, and the Wall Street Journal reported in August that about 70 more will join their ranks today.

Nick Woodman Is Selling Some of His GoPro Shares — The founder of red-hot camera company GoPro Inc. plans to sell some of his stock. GoPro said in a regulatory filing early Monday that it plans to raise $100 million in a so-called secondary offering, and that large shareholders in the company would also have a chance to unload some of their stock.

Podcast: Breaking Down the Jobs Report — The U.S. added 214,000 jobs in October, but what exactly that means for the economy is up for debate. The number was less than many economists had expected, but marked the ninth straight month where the number exceeded 200,000. That's the longest such streak since 1995.
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Nov 27, 2014

Actually, someone has @TheTruth as their Twitter handle, so my last tweet was wrong.

Nov 27, 2014

Five people unfollowed me after my #TurkeyDay tweets earlier this morning. But they can't unfollow the truth.

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