Hints and tips:
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...The pair have bought minority holdings in Clipway, a firm set up by former Ardian senior investor Vincent Gombault....
...Apollo bought $2bn of AT&T preferred stock in a deal that allowed the wireless carrier to partially repay some of its outstanding preferred equity....
...Vista, for its part, structured its $1bn investment as preferred equity, making the new money senior to Finastra common stock....
...Proceeds from asset sales, along with the holding company’s $2bn cash balance and value from tax benefits from operating losses, will be used to pay off bondholders as well as preferred stockholders....
...Authentic Brands was at one stage the company’s preferred bidder, but ended its interest due to the “deterioration in the wider macroeconomic environment”....
...Consolidation and more mergers will be the preferred method of gaining scale for big operators, said analysts. Not drilling....
...Last month Apollo, the private equity giant, invested $1.75bn in convertible preferred stock, allowing Albertson’s backers, including Cerberus, to reduce their holdings ahead of the listing....
...Kamala Harris, one of Effron’s preferred Democratic party candidates, quit the race a while back....
...For the Li family, it comes as its preferred investment category — infrastructure — has become crowded and made it harder to generate returns....
...Valuing Alphabet, Google’s holding company, requires multiple hats. There are many moving parts to consider as well as a lot of negative headlines....
...Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Through a sovereign wealth fund, Doha is one of BPY’s biggest investors, holding $1.8bn worth of BPY preferred equity....
...The policy statement introduced a tweak that signalled that the FOMC preferred assessing the situation rather than acting....
...(KKR also took over its formerly independent financial holding company, which has an outstanding $325m issue with a 7.38 per cent coupon, which was called in January)....
...He added that some managers chose to address particular client types, such as pension funds, across Europe, whereas others preferred to look at all clients in a country....
...Corporate earnings reports out today include Nitori Holdings....
...The press release noted debt financing would come from Goldman Sachs Bank USA and Goldman Sachs Lending Partners LLC. The bank also provided M&A advice to Thermo Fisher....
...The terms of the deal did not allow for a stock market listing in Asia, a condition that deterred some investors who preferred to have the option of listing in the region....
...However, Google has preferred to use cash bonuses in recent years and insiders believe it is likely to stick with this as the main form of compensation in the Alphabet divisions....
...When the US company indicated it had marriage in mind, Premier preferred to snuggle up with Nissin....
...Yesterday, the BoJ kept monetary policy steady, holding interest rates at minus 0.1 per cent and the annual pace of its asset purchase programme at Y80tn....
...“Once again, the BoJ preferred to extend the timeframe for achieving its inflation goal rather than announcing additional stimulus measures to get to the target level sooner,” said Derek Halpenny, analyst...
...Holding cash in the absence of opportunity makes sense. 9. Favour substance over form....
...The US has strengthened its position as the preferred destination for initial public offerings, and is set to rank as the top country for new equity fundraisings for the fourth straight year, following the...
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