Hints and tips:
...Deep inside the nested layers of funds, companies, insurers and partnerships of Canada’s Brookfield Corporation lies a real estate business that no longer covers the cost of its debt: Brookfield Property...
...In fact, a bit of a surprise, the biggest private equity deal of the year — the roughly $15bn buyout of Toshiba Corporation — is happening in Tokyo, not New York, and involves Japan Industrial Partners and...
...The two companies have also signed a long-term partnership that will see Great-West Lifeco’s parent, the Power Corporation of Canada, allocate $25bn to Franklin’s alternative investment funds, which had...
...Legal risk looks zero sum, at least at the corporation level, since the deal’s reverse termination clause capped Musk’s potential damages at $1bn....
...J&J has stopped selling its talc-based baby powder in the US and Canada and will phase out sales worldwide this year....
...The purchase of the railroad operator will enable Canadian Pacific to launch the first rail network spanning Canada, the US and Mexico....
...(Gillian Tett) Has executive pay at major corporations reached unjustifiable levels? Or is it a fair reward for hard work and added value?...
...Brookfield, one of Canada’s largest corporations, also has more than $40bn of directly owned net assets, including real estate holdings such as London’s Canary Wharf and large stakes in publicly traded partnerships...
...J&J has already ceased sales of talc-based powder in the US and Canada, and said recently it would phase out worldwide sales of its talc-based baby powder in 2023....
...Griffith said he was confident that Gold Fields’ biggest shareholder, South Africa’s state asset manager Public Investment Corporation, would vote in favour of the transaction....
...“We have confidence that the regulatory environment in Canada scrutinizes accounts that can’t be commingled,” O’Leary said....
...Canada’s Brookfield Asset Management has struck a £4bn deal for HomeServe, the UK home repairs and emergency services group in one of the largest private takeovers in the London market this year....
...The company stopped selling it in the US and Canada last year, citing flagging sales....
...A version of this article was first published by Nikkei Asia on October 11 2021. ©2021 Nikkei Inc....
...The Greater Bay Area is home to 86m people and boasts a $1.7tn economy, similar in size to Canada....
...China’s largest chipmaker Semiconductor Manufacturing International Corporation is “verifying” reports that its co-chief executive Liang Mong-song has abruptly quit. More here....
Marble Ridge Capital’s mis-steps cost it rare chance to savour a triumph in Neiman Marcus battle
...(WSJ) Shaking down Main Street Goldman Sachs has historically entangled itself with the financial plights of governments and large corporations....
...This was followed by the US with 2,045, South Korea with 741, Australia with 81, and Canada with 79....
...But the severity of the SolarWinds attack and the wide net of victims have prompted soul-searching among the cyber security community, US government and corporations....
...But being a benefit corporation might be a takeover defence....
...“Fink is comfortable in public policy, writes letters to corporations — that reminds me of JP Morgan.”...
...few world-beating corporations — even if it faced constant criticism for its heavy reliance on taxpayer support....
...By the 1980s, Edward and Peter Bronfman were two of Canada’s richest men....
...The company will list as an umbrella partnership corporation, or up-C — an organisational structure known for granting tax benefits to company insiders....
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