Hints and tips:
...That is in stark contrast to the battle to buy Chelsea last May....
...The US government has codified its scepticism in revised “merger guidelines”....
...Dia also runs spaces in Chelsea, Beacon (in the Hudson Valley) and Long Island’s Bridgehampton, as well as managing large-scale installations and projects around the world....
...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...
...Amid New Orleans festivities, rainmakers wonder if the party is over for Delaware Delaware, Inc. may be the enterprise now under the most intense activist threat....
...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....
...He invited Oprah Winfrey to interview him and declared the merger to be “our rendezvous with destiny”....
...The TSE’s ambitions are not just meant for the worst-run Japanese companies, those with a sub-1 price/book ratio....
...acquisition of US missile products supplier Aerojet Rocketdyne, and the $2.2bn merger of Penguin Random House and Simon & Schuster....
...The US financier’s recently acquired Chelsea Football Club has lost its last three matches and its manager Graham Potter is struggling to whip the side’s mishmashed bunch of “impulse purchases” into shape...
...This article has been amended to correct the currency of the Chelsea acquisition to pounds from dollars....
...and Boston Celtics basketball team co-owner Stephen Pagliuca has revealed that Larry Tanenbaum, chair of the National Basketball Association, is among the list of heavyweight backers of his bid to buy Chelsea...
...As well as facilitating Bale’s loan deal with Tottenham, Stellar secured Ben Chilwell’s £50m move from Leicester City to Chelsea in August....
...Job moves Bruce Buck, the former Skadden Arps lawyer and one of Roman Abramovich’s closest confidants, is stepping down as chair of Chelsea Football Club following the £2.5bn sale of the Premier League...
...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....
...Investment bankers, corporate lawyers and their PR handlers have filled the streets of New Orleans to gossip and rustle up new business over drinks after two years of inking a record number of buyouts and mergers...
...It would be the first big merger of talent groups since the William Morris Agency combined with Endeavor in 2009....
...Chelsea Logistics and Infrastructure Holdings sold the 31.7 per cent stake to conglomerate SM Investments for about 6.6bn pesos ($136m)....
Silicon Valley group looks to tap into huge mobile payments market with purchase of Lagos-based company
...Groen, who founded Takeaway.com, has launched his latest multibillion-dollar deal weeks after his merger with Just Eat was greenlighted by competition regulators in the UK....
...“We are also very reluctant to sell sub-par businesses as long as we expect them to generate at least some cash and as long as we feel good about their managers and labour relations,” the manual said....
...Lex recommends the FT’s Due Diligence newsletter, a curated briefing on the world of mergers and acquisitions. Click here to sign up...
...Between them, the five companies have spent $17bn on sub-$1bn deals in the past five years alone. It is fair to ask whether any involved quashing competition — although proving this will be difficult....
...Those listing with sub-50 per cent gross margins, like Lyft, Uber and Slack, trade below listing prices....
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