Hints and tips:
...Love how so many great innovators are now embracing cost reductions, EBITDA, and FCF. The best will adapt quickly and build incredible businesses.”...
...New Zealand billionaire Richard Chandler’s Clermont Group has been building a stake in the firm, fuelling speculation of a potential bid....
...Valuation – 21E PE 8x, FCF Yield 7%, Div Yield 4.9% What else? Causeway Capital Management LLC, the LA hedge fund, has declared 4.88 per cent of Micro Focus....
...Given our view of a lower rate of u/l FCF, we think the release of LT deposits has been required to replenish lower 1H inventories in 2H and service ST debt....
...Residents of Chandler say they have already become accustomed to the sight of driverless cars on their roads....
...Marc Chandler, strategist at Brown Brothers Harriman, says the difference in the countries’ respective two-year rates should remain a dominant driver of the dollar-yen exchange rate....
...The largest shareholders targeted by the lawsuits include the founders of the Tribune media conglomerate, including the Chandler and McCormick families, which collectively held a third of the outstanding...
...“It’s a tipping point,” said Luke Chandler, Rabobank global head of agricultural research. Next year USDA expects ethanol groups will use another 100m bushels....
New funds launched to attract investors
...Victor Chandler, the bookmaker that sponsors a big chase at Ascot every January – the race drew more than 1m viewers when Master Minded won it this year – says terrestrial TV coverage is crucial to his continued...
...“When the Chandlers owned it the paper was the most influential thing in town,” says Frank Gilliam, dean of the UCLA School of Public Affairs....
...It gave the world the work of Walt Disney and Raymond Chandler, MySpace, and Barbie dolls. Satellite technology was born in Los Angeles, and great aviators such as Howard Hughes built companies there....
...Tribune announced in September it would consider a sale or break-up amid frustration from one of its largest investors, the Chandler family....
...Tribune agreed to consider a sale or restructuring in September under pressure from one of the company’s largest shareholders, the Chandler family....
...Another central question in the auction is what role the Chandler family will play....
...Rupert Murdoch’s News Corp has joined the Chandler family in its bid for Tribune Company, with an eye to taking a stake in New York’s Newsday newspaper....
...The Chandlers said their offer represented an 18 per cent premium over Tribune’s share price before takeover speculation was priced in....
...The sale process began in September following pressure from Chandler family shareholders. The sale is regarded as a barometer that could signal whether stock market valuations are too high or not....
...Rob Burkle and Eli Broad, two Southern California-based billionaires, have bid for Tribune, as has Carlyle, the private equity group, while the Chandler family, one of Tribune’s largest shareholders, has...
...Friday’s announcement makes that outcome more likely – particularly now that the Chandler family has restructured several Tribune partnerships, reducing the complexity of any deals....
...Under the agreement, two multi-billion dollar trusts that were jointly-owned by the Chandlers and Tribune will be unwound....
...The topics covered will include: the negative basis trade between cash bonds and derivatives; the Chandler Brothers’ bet in Japan; bets on internet gaming stocks; and trading on the restructuring of Drax...
...Tribune, for example, has cut about 200 jobs from the Times newsroom since it acquired the paper from the Chandler family in 2000....
...Tribune has cut about 200 jobs from the Times newsroom since it acquired the paper from the Chandler family in 2000....
...The Chandlers became major Tribune shareholders in 2000, after it acquired the Times-Mirror group that they controlled....
International Edition