NASDAQ:GSAT

Globalstar Trades Under Amazon’s $90 Bid With Confusing Deal Math
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Globalstar Trades Under Amazon’s $90 Bid With Confusing Deal Math

Globalstar shares fell 1.1% to $83.31 midday Monday, below Amazon’s $90-a-share cash offer in its buyout deal. Amazon shares dropped 2.4% to $264.18, pulling the stock portion of the offer to about $84.80 per Globalstar share. The deal gives holders a choice of $90 in cash or 0.3210 Amazon shares, but cash is capped at 40% of shares. No new statements appeared on Globalstar’s investor site over the weekend.
June 1, 2026

Stock Market Today

  • Big Four Audit Firms Dominate UK Market, Smaller Firms Expand
    June 1, 2026, 2:05 PM EDT. The Big Four audit firms-Deloitte, KPMG, PwC, and Ernst & Young-continue to dominate the UK audit market, each auditing the majority of FTSE 100 companies by market capitalization, according to Adviser Rankings. Deloitte, KPMG, and PwC each audited 25 FTSE 100 clients in May, while Ernst & Young covered 22. Mid-sized firms audited only three FTSE 100 companies. This dominance by the Big Four is concentrating their efforts on larger listed companies. Meanwhile, mid-sized firms are expanding their footprint by gaining audit contracts among smaller listed UK companies, indicating a shift in market dynamics.