Hints and tips:
...The US government has codified its scepticism in revised “merger guidelines”....
...“After decades as a pioneer in Nigeria’s energy sector, SPDC will move to its next chapter under the ownership of an experienced, ambitious Nigerian-led consortium,” said Zoë Yujnovich, Shell’s integrated...
...(One caveat for would-be merger arb traders: Brigade and Arkhouse reportedly floated the possibility of raising their offer price after due diligence, so some probability of that should be reflected in Macy...
...Bloomberg) Fund managers urge European regulators to mirror US move to T+1 (FT) Thomas Cook owner Fosun to sell brand to Poland’s eSky (SKY News) UK government vows to protect litigation funding that helped sub-postmasters...
...And in 2021, Restaurant Brands paid $1bn in cash for Firehouse Subs....
...One paper in this area caught my eye recently, “Standardizing and Unbundling the Sub Rosa DIP Loan”, co-authored by researchers Kenneth Ayotte and Alex Huang of UC Berkeley School of Law....
...JOSHUA FRANKLYN: So what really starts the latest chapter of Citi's struggles, it's something that's pretty basic....
...Remember that at the time, Musk was arguing that Twitter had breached the merger agreement because of bots or whatever....
...The TSE’s ambitions are not just meant for the worst-run Japanese companies, those with a sub-1 price/book ratio....
...In the US, he says, hip-hop culture is the dominant force — but now expanding through “beautifully complex and referenced” ways into new sub-genres....
...AT1 writedown (FT) TikTok sues Montana over first US state ban (FT) Hargreaves Lansdown sounds alarm over Lindsell Train’s risk management (FT) Debt-laden French supermarket Casino faces fraught new chapter...
...High-yield or sub-investment-grade corporate bond issuance also picked up as interest rates were slashed after the outbreak of Covid, reaching $465bn, compared with $263bn in 2019, according to Refinitiv...
...Juul secured new funding from two existing investors last November but has continued to cut jobs to preserve cash as it seeks to avert a mooted Chapter 11 bankruptcy filing....
...Dan Prieto, a partner at Jones Day, which acts as legal counsel for LTL, said the ruling would not prevent companies from pursuing divisional mergers or a restructuring prior to making a bankruptcy filing...
...The next chapter Falling into administration is a humbling moment for Smith, who spent years gloating at old media....
...In a message to staff on Friday, Dohle said he was “proud” of what the company had achieved but had realised that, once his merger plans had been blocked, it was time “to hand over the next chapter of Penguin...
...The scheme utilises a business-friendly divisional merger law introduced in 1989 in Texas, which enables companies to divide their assets into assets and liabilities....
...If Musk really plans on building a holding company for his next chapter, his next move could reveal under-appreciated skills in salvaging what otherwise looks like a disastrous deal....
...“While this purchase and sale agreement is pending approval from the NFL’s finance committee and league ownership, today marks a significant step on the path to an exciting new chapter in Broncos history...
...Ramaswamy is also co-founder of Chapter, a for-profit tech platform that advises seniors on Medicare....
...It’s an important win for activists in Korea Inc., where corporate behemoths including Samsung and Hyundai operate without much interference....
...He invited Oprah Winfrey to interview him and declared the merger to be “our rendezvous with destiny”....
...In 2019, PMI began talks with Altria over a $200bn merger....
...The sub 20 per cent operating margin over the past year compares poorly with Activision’s 35 per cent. EA has not experienced the same stumbles as Activision....
...Courts had “uniformly acknowledged” that fairly resolving these types of claims through Chapter 11 was a legitimate use of the restructuring process, J&J said....
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