Hints and tips:
...The activist, who owns an 18 per cent stake in Cloudera, backs the take-private offer from KKR-CDR....
...Southwest forecasts that no more than 15 to 20 groups will sell CDRs in the next few years....
...CDRs are Beijing’s bid to change that....
...On a measure known as CDR-SB, which measures things such as whether someone can still drive, patients taking the high dose declined 25 per cent more slowly than those on the placebo — but this result was...
...These CDRs are issued by a sponsor bank that holds the underlying shares in the tech company....
...CDRs would allow companies with an offshore listing to float in China....
...“The weekend was a surprise, given they [China] were trying to list CDRs, then suddenly they said mainland investors aren’t ready for dual-class,” said Michael Wu, an exchange analyst at Morningstar....
...With the overallotment option, CDR and KKR will each own 37.8 per cent of the company after the IPO, against 49.25 per cent previously, according to regulatory documents....
...Among them SiteOne Landscape Supply, a distributor controlled by CDR, is expected to price its deal this week. Another issue for more leveraged IPOs is the mood in the credit markets....
...The DoJ alleged that Mr Murphy conspired with employees of CDR Financial Products, a Beverly Hills-based broker of municipal contracts, to run sham auctions....
...There is some reassurance in CDR’s plan to hang on to a chunky stake in BCA. Minority investors should, however, query the position of Fred Kindle, a CDR partner, as non-executive chairman....
...Bharti Airtel generates a remarkable 6bn CDRs a day. “What is exciting is that the technology now exists to process this volume of transactions,” says Mr Balboni....
...CDR itself faces a maximum fine of more than $100m. Mr Rubin had asked for a delay in the trial to tend to his wife, who is suffering from pancreatic cancer....
...CDR has yet to secure a food and drink deal....
...Goldman and CDR are acquiring HGI Holdings from its controlling shareholder, Chicago buy-out firm The Jordan Company, and the Harrington family, which founded HGI and maintained a minority stake....
...“HGI is a market-leading distributor in the large and growing home health market and will continue to benefit from highly favourable long-term trends,” said Richard Schnall, a CDR partner....
...Worries that the deal may be too big for CDR to do on its own were part of the reason why RBS pushed it to team up with TPG in the first place....
...They added that TPG and CDR initially bid separately, but RBS was encouraging them to team up as a way of strengthening their bid and to mitigate the execution risk of the deal....
...Allan Ripp, a spokesman for CDR Financial, said CDR had just received the complaint but there was no basis for a criminal indictment....
...The company, CDR Financial Products, is under investigation for possible “pay-for-play” dealings in which it donated $100,000 (£69,000) in campaign funds to Mr Richardson’s New Mexico gubernatorial re-election...
...(Mr Richardson has expressed confidence that his name will be cleared and the company, CDR Financial Products, has said the contracts had nothing to do with political contributions.)...
...The CDR Counterparty Risk index, which includes some of world’s largest banks including Citi, Deutsche Bank and UBS, was at 249.2 as of midday on Tuesday versus 210.9 last week....
...The CDR Counterparty Risk Index, a measure of the counterparty risk in the sector, was at its highest level this morning since September last year, went Lehman Brothers went bust....
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