Hints and tips:
...“We think investors have remained unconvinced on the strategic shift,” said Biraj Borkhataria at RBC Capital Markets....
...Michael Cusumano, professor of strategic management at MIT Sloan and co-author of The Business of Platforms, has researched more than 400 unicorns (companies that are worth more than $1bn) that have platform...
...He also extended a $30mn loan to a company registered in the name of Epstein’s private pilot. The company, Plan D LLC, owned a Gulfstream jet....
...Fortress also owns the US restaurant group SPB Hospitality and this month took a majority stake in the Irish hotel company Prem Group....
...Case in point: Elliott’s 2018 victory at hotel and restaurant multinational Whitbread, when the activist used an — albeit uncharacteristic — gentle approach to get its way and spin off the group’s Costa...
...Even so, both companies are announcing new partnerships and acquisitions almost every week....
...Now shares in the real estate company are trading higher than the level of the Fortress bid, and with good reason....
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...(Though we note Rothschild wasn’t on the deal — a possible strategic mistake?)...
...It has advised on some of the biggest deals in recent years from Walt Disney on its $89bn acquisition including debt of 21st Century Fox’s assets, to Charter in its $87.4bn acquisition of Time Warner Cable...
...“The strategic rationale reflects our view that the value of Crown’s domestic assets has been overshadowed by Macau weakness,” Macquarie said....
...John Lilly at Greylock Capital, which closed a deal to invest in Instagram just days before the acquisition, says Instagram could have become a “big, durable company”....
...Carlyle, the private equity firm, has bought a unit of healthcare company Johnson & Johnson in a $4.15bn deal, joining the host of companies making acquisitions as the new year gets under way....
...Bankruptcy We discussed this at some length on Monday because it reminded us of Texas Competitive Electric Holdings Company LLC (TCEH) in 2011....
...A judge in Regina v....
...It was announced last year that Gilles Pélisson, the executive chairman of Accor, is due to leave the company this month after “strategic differences” with core shareholders and the board....
...His experience includes public and private equity and debt capital markets transactions, property development and acquisitions, permanent mortgage lending, workouts, dispositions, and strategic and financial...
...Its other retail investments include Nieman Marcus, the US luxury goods retailer, and AmRest, the polish restaurant group....
...“Our competitors get into these brand wars like Coke v Pepsi,” says Zimmer at UTA....
...Reporting solid full-year results, the company predicted a “difficult” economic recovery and “an overall stagnation of the wines and spirits industry”....
...Too many cases such as B&B’s and the pressure to switch to speedy US-style share placings with single strategic investors may become irresistible....
...Harbinger Capital Partners, another US hedge fund, failed at a shareholders’ meeting to block Doutor Coffee’s merger with Nippon Restaurant System....
...Although he is interested in bolt-on acquisitions both in the UK and abroad, Mr Parker said opportunities were limited. It missed out on Jurys Inn in May....
...Investment companies within Dubai Holding and Dubai World are in a race to make acquisitions abroad and sometimes find that they are bidding against each other....
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