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...The number of private equity deals fell 36 per cent to about 13,000....
...After the financial crisis, it spent Rmb4tn (nearly 13 per cent of GDP back then) building out infrastructure....
...HIG said it calculated its $915mn purchase price by calculating a valuation of 13 times Mobileum’s 2021 earnings before interest, taxes, depreciation and amortisation....
...The roughly $7bn enterprise value on that deal — a multiple of about 13 times CAA’s earnings before interest, tax, depreciation and amortisation in its latest financial year — represented a considerable...
...Wall Street had been expecting earnings of $2.65 a share on revenue of $54.5bn....
...staff report on the GameStop saga: If anything, Citadel Securities and other market-makers should have been encouraging more trading in GameStop, not discouraging it to rescue competitors to the Citadel LLC...
...Behind closed doors, executives were pushing a different narrative, the Wall Street Journal reports. Great expectations Some saw Arm’s listing as a positive sign for a laggard IPO market....
...The company eventually listed on Wall Street in 2021 by merging with a blank-cheque company in a $9bn deal....
...When Deutsche Bank won control of its local rival Postbank in 2010, it was hailed as a way to hedge against the boom and bust of Wall Street by nabbing a bigger slice of the German retail market....
...Former Lehman Brothers banker David Kim is retiring as chief operating officer of PAG’s private equity business after 13 years at the firm, per Bloomberg....
...Shareholders have until May 13 to decide....
...The rapid growth of such funds, which trade a wide range of assets and strategies, has unleashed a fierce battle for talent, driving compensation for top traders sky-high and helping to reshape Wall Street...
...Earlier this year, investors had signalled they would be comfortable buying the debt with bigger discounts of between 20 and 22 cents on the dollar, with higher yields of 13 or 14 per cent....
...The Salt Lake City-based adviser, founded by the Mormon church in 1997, created 13 shell companies with locations throughout the US....
...Mark Zuckerberg appeared to experience a change of heart after the rout in Meta’s shares last month, announcing plans to cut 13 per cent of his workforce....
...The group’s $639mn in adjusted net income, a metric favoured by analysts as a proxy for the group’s cash flows, represented a 13 per cent increase that slightly beat analysts’ expectations....
...Its share price has since fallen from a peak of above $13 to $3.57....
...Revenues at Google Search grew 13 per cent to $40.7bn, slightly ahead of estimates....
...Staffan Ekström, a partner in EY’s corporate finance arm who has worked on most of Embracer’s deals, told the FT’s Anna Gross he believed Embracer had set a dealmaking record when it bought 13 companies...
...Shares in China Telecom, which listed in Shanghai in August, are down more than 13 per cent from their offering price....
...In March 2021 it paid $275,000 for reporting errors and two days after Christmas it paid a further $225,000 — split across 13 exchanges — related to poor risk management resulting in “erroneous trades”....
...Arm bets on Wall Street in a ‘huge potential blow’ to London When SoftBank swooped in six years ago to buy Arm Holdings for £24.3bn, Baillie Gifford opposed the deal....
...Several times, we are interrupted by calls from one of Laffer’s six children and 13 grandchildren. “Happy Turkey Day to you, my darling. I’m just sitting here with a reporter from the Financial Times....
...In a stock market inflated by a wave of cheap capital, a former (and possibly future) industry champion priced at only 13 times next year’s depleted earnings and a dividend yield of nearly 3 per cent might...
...“The consistent theme in the early days of Covid is that we were all looking for a problem, but the problems were not cropping up,” said Matteo Andreetto, head of SPDR ETF Business, Emea, for State Street...
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