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Showing results for BRS Group CT, LLC
...The company has said that stakes held by its three largest shareholders, founder BR Shetty and two Emirati partners — Saeed al-Qebaisi and Khalifa al-Muhairi — had been incorrectly reported....
...Majority owner BR Shetty revealed he had used more than half of its stock as security against debt from buying the British group in 2015. NMC did not immediately respond to requests for comment....
...While NMC's shares are suspended, the group's debt is still freely traded and plunged in value on Thursday....
...The other leading shareholder is the founder, Indian expatriate entrepreneur BR Shetty. “This has just thrown fuel on to the fire,” the banker said....
...According to a prospectus for a debt sale by NMC filed in London in 2018, the group does not hold direct licensing rights to run medical facilities and pharmacies....
...Founded in 1974 in Abu Dhabi by entrepreneur BR Shetty, NMC is one of the region’s success stories. It listed its shares in London in 2012, and joined the FTSE 100 in 2017....
...NMC’s founder, BR Shetty, is one of the UAE’s most prominent expatriate businessmen, having arrived in Abu Dhabi in the early 1970s soon after the federation’s formation....
...Shares in CT Environmental Group fell as much as 19.25 per cent following the end of a trading halt requested after the company was targeted by short-seller Glaucus Research....
...On Wednesday CT Environmental Group requested a trading halt after the publication of a critique by Glaucus Research sent its shares down 18.1 per cent within minutes....
...Growth in the $11bn-a-year education industry, which has remained strong despite the slowing Brazilian economy, has prompted investors – including many private equity groups – to pile into the sector....
...Recent deals include the investment by GP Investimentos, one of Brazil’s biggest private equity managers, of R$503m to buy about 2,000 mobile telephone towers to create a new company, known as BR Towers....
...As depicted in Exhibit 1 of our Appendix, PG printed a low of $39.37 at 13:47:15 (CT); MMM printed a low of $67.98 at 13:45:47 (CT) while ACN printed a low of $0.01 at 13:47:54 (CT)....
...When Burlington Northern Railroad Company spun off its energy and lumber group, Burlington Resources, arbs simultaneously bought one stock while selling short the other....
...The Greenwich, CT-based AQR Diversified Arbitrage Fund launched in January with $6m and today has about $124m. Since its inception the fund is up 10 per cent....
...When ConocoPhillips became the first of the big oil groups to announce 2008 financial results, it was with a string of bad news....
...Nikos Tsafos, analyst in PFC’s Global Gas Group, said international groups have an edge in gas because of the specialised technology and project management skills required for the massive projects involved...
...For European companies, which are as a group less exposed to swings in the oil price, they expect a decline of 3 per cent in dollar terms....
...Varig is being protected from three groups of creditors....
...In a separate memo, Morgan Stanley revealed that it had hired Peter Bowden, a former corporate lawyer at Andrew Kurth, and Ryan Moss, a UBS banker, to join its global energy group based in Houston....
...It will replace Burlington Resources, an energy group in the process of being acquired by ConocoPhillips, the oil and gas group....
...Strong investor interest saw Viacom, the US media and entertainment group, sell $4.75bn of debt late on Wednesday....
...While the complaints will not reach a fever pitch until next week when ExxonMobil, the world’s biggest publicly listed oil and gas group, reports its earnings, Conoco’s huge gains set the stage....
...Last year, he led the bank’s work on Pernod Ricard’s $14bn takeover of Allied Domecq, the British drinks company, and helped advise on a private equity consortium’s $12bn acquisition of Danish telecoms group...
...Already heavily weighted to the region through refining and upstream assets, it will account for more than half the oil group’s revenues if it buys Burlington Resources....
...ConocoPhillips, the third-largest US oil and gas group, was on Tuesday forced to defend the logic and timing of its $35.6bn acquisition of Burlington Resources, as many analysts expressed disappointment...
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