Hints and tips:
...The company said it would receive £320m cash, equivalent to more than 11 per cent of the group enterprise value, after selling its Japanese arm to local operator TKP Corporation as part of a strategic partnership...
...Large, venerable corporations can struggle to see what lies ahead for their industry. Consider Novartis....
...Over the summer he initiated a campaign against Hudson's Bay Corporation, the department store/property titan known for such chains as Saks, Lord & Taylor, Hudson's Bay and Kaufhof....
...One of Mr Jimenez’s first jobs as CEO was to complete the integration of Alcon, the $50bn eyecare business that Novartis bought from Nestlé in 2009....
...The CBN wrote then of Mr Lawson’s “huge outstanding non-performing facilities” at Alcon, the Asset Management Corporation set up to absorb toxic assets following the 2009 Nigerian bank crash....
...Put that in context of the estimated $61m Goldman earned in Switzerland advising Novartis on its acquisition of Alcon in August and the fees look paltry....
...Novartis is to complete its $50bn purchase of Alcon, the US eyecare company, this year. Sanofi-Aventis hopes to renew its animal health joint venture with Merck in an enlarged joint venture....
...There is no compelling explanation for this, other than to suggest that US corporations have stopped buying back their shares and now need to raise money in the debt markets....
...But the idea that corporations could use more permanent capital at this stage in the game has much to be said for it....
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