Hints and tips:
...The deal is expected to close in the second half of this year....
...Meanwhile US investors Todd Boehly and Clearlake Capital in May acquired Chelsea FC for £2.5bn, a record for a football club takeover. That deal set a benchmark for elite clubs....
...IMI, which is controlled by Sheikh Mansour bin Zayed Al Nahyan, a vice-president of the United Arab Emirates and owner of Manchester City football club, provided about three-quarters of the funding to RedBird...
...The Glazers entrusted Raine Group with United’s future after the US investment bank led the sale in May 2022 of Chelsea FC, achieving a price of £2.5bn in an accelerated process due to the sanctions imposed...
...China Media Capital still owns 8.2 per cent of CFG, having originally paid $485mn to amass a 13 per cent stake....
...All of these companies have underperformed the FTSE 100 index. Size is one reason. Bunzl, Howdens et al are generally smaller than the household names, and smaller companies can grow faster....
...Specifically, between 1:23 pm ET and 4:00 pm ET, Hedge Fund A synthetically sold short 93,096 MEDP shares for approximately $5.2 million....
...Productivity-hype bubbles are usually separated by at least 25 years and usually form at the end of a secular bull market, when aggregate profits are coming under pressure, say Garthwaite et al....
...AviLease secured $2.1bn in temporary funding from BNP Paribas, Citibank, HSBC Bank Middle East and MUFG Bank for the deal....
...Bored of words, Ma et al. then tried numbers — roughly recreating the ratio of earnings revisions deployed above, but utilising forecasts of “earnings and other metrics” instead of just rating labels: We...
...The deal trumps other record player signings, including the 10-year, $450mn extension for NFL quarterback Patrick Mahomes and Cristiano Ronaldo’s two-year agreement to join Saudi Arabian soccer team Al Nassr...
...Riyadh-based lawyers Noor Al-Fawzan of Latham & Watkins and Manal Al-Musharaf of White & Case have joined as partners....
...Social media noise can push token prices around (Tandon et al), but not as effectively as mainstream media coverage (Coulter)....
...The near-term financial burden in the base case is what China et al are objecting to. Here’s what the Zambian finance ministry said it had been told after the deal collapsed....
...about a series of large deals, including a $2.2bn investment by the private equity group into insurer AIG....
...strikes, car and credit card loan delinquencies, et al)....
...Arnott et al estimate that stocks ejected from the S&P 500 actually outperformed new entrants by an average of 2,200 basis points in the year after the index rejig (FTAV has written about the index inclusion...
...But as Steven Kelly of the Yale Program on Financial Stability pointed out to me, Yellen et al will need the goodwill of the big banks should some other bank or banks get into trouble....
...2022 (and an annual net loss of $2.1bn)....
...In the communications sector, the video entertainment companies (Warner Bros Discovery, Paramount, Disney, Netflix et al) explain the bulk of the outperformance....
...being undermined by the leadership of United Arab Emirates oil executive Sultan al-Jaber....
...Finback was considering buying a stake in Gideon Cyber Systems LLC, according to the term sheet....
...The second is an article on Anglo-Greek wrangling over the return of Parthenon Marbles hoarded by the British Museum, written by George Parker et al....
...A UK-US trade deal remains as far off as ever....
...Whatever you might think of Robinhood et al, retail investors do appear to value their services. You can’t ignore the regulatory politics either....
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