Axios Pro Rata: Baby formula sales
Plus, a golden merger. | Tuesday, May 31, 2022 Open in app View in browser Presented By RBC Capital Markets Axios Pro Rata By Dan Primack · May 31, 2022 ICYMI: The SEC on Friday disclosed that it's investigating Elon Musk's early April disclosure of an ownership stake in Twitter, which came ahead of his agreement to acquire the company. Also, Twitter's board rejected the resignation of director and Silver Lake partner Egon Durban. Go deeper . Top of the Morning Illustration: Maura Losch/Axios The baby formula industry is in crisis , as supply chain logjams and regulatory recalls have emptied U.S. shelves and panicked parents. Some top makers also are facing the added, and voluntary, complication of merger talks. Driving the news: Reckitt Benckiser last month kicked off a sale p...