acquisitions

But the scandal has threatened Riley’s 27-year-old firm, which advises on mergers and acquisitions, handles stock offerings and provides investment research and other services for its mostly small- and mid-cap client companies.

Along with big-ticket acquisitions, his bid to modernise the group with a sharp focus on IT has served the group well over the years.

Last year, the Japanese government issued new guidelines on mergers and acquisitions, which called on companies to not reject credible takeover offers without proper consideration.

The antitrust case sets the stage for a potential breakup of Google’s advertising and search businesses or an unwinding of acquisitions that have been pivotal to the tech giant’s growth, legal experts say.

There’s no money left for additional acquisitions, but Supervisor Hilda Solis, who proposed the pilot, said she wants to make it permanent in the future.