Hints and tips:
...In his role as a director of ByteDance’s main Chinese unit, Wu has a say over its “business strategy and investment plans”, any merger or acquisition, profit allocation and a vote on the group’s top three...
...Second, criminal ransomware gangs, often linked to Russia, are increasingly targeting poorly protected corporate vendors and subsidiaries....
...White & Case has hired Alan Bao as a partner in Beijing to join their mergers and acquisitions business. Bao joins from O’Melveny....
...Union Square Advisors, a tech-focused investment bank, has appointed Michael Meyer to the newly created role of chief executive. He will also continue to be head of capital markets....
...H&M’s chief executive Helena Helmersson has quit after just over four years in the top job as the Swedish fast-fashion group struggles to improve profitability....
...Baker Tilly secured a $1bn investment led by H&F in February. Buyers are spotting an opportunity that has played out inside their own industry....
...Whether the acquisition is approved or blocked by US authorities for national security reasons, Nippon Steel’s current dilemma has significant implications for Japan Inc as companies pursue growth outside...
...The bank realised an additional $6bn in losses tied to the merger, which has been less profitable than originally expected....
...Spanish renewables group Iberdrola has called off its planned $8bn acquisition of PNM Resources, cancelling a deal that would have transformed its Avangrid subsidiary into one of the biggest companies in...
...“But Dai-ichi Life is clearly on the conservative side and people will look at it and say that’s Japan Inc. It’s great news for M&A in Japan.”...
...Those spoils could include Byju’s subsidiary Great Learning, which offers online higher education courses....
...Zach Meyers, senior research fellow at the Centre for European Reform, says there is “global uncertainty” now in the merger space....
...Many have been trying to sell their Russian subsidiaries but any deal requires Moscow’s approval and is subject to huge writedowns....
...Richard Meyer, vice-president of energy markets at the American Gas Association, which represents gas utility companies, said: “The approach from many states and cities in different parts of the US has been...
...The two hedge funds — Odey European Inc and OEI Mac, were subsequently suspended....
...The start-up is a subsidiary of the world’s biggest gene sequencing company Illumina, which acquired it for $7bn in 2021....
...Under the terms of the transaction Merck is acquiring Prometheus through a subsidiary....
...plebs wonder if UBS is now too big, and rubes muse whether global banks can ever really be smoothly wound down, the crediterati have been speculating whether Credit Suisse actually defaulted in its forced merger...
...David Meyer, dean of Tulane Law School and host of Tulane’s prominent M&A, corporate and securities law conference Corporate Law Institute, has been appointed the new dean of Brooklyn Law School....
...Illumina is running Grail as a subsidiary while it battles the EU order....
...Francis deSouza, Illumina chief executive, told the Financial Times in an interview last month that the political climate in the US and EU had become more hostile to mergers and acquisitions....
...The life of Thomas H Lee The deceased private equity billionaire grappled with personal issues and struggled to capitalise on the past two decades’ buyout boom, the Wall Street Journal reports....
...DCG’s subsidiary, crypto broker Genesis, suspended withdrawals after the collapse of FTX and is racing to raise capital and avoid bankruptcy....
...Dan Prieto, a partner at Jones Day, which acts as legal counsel for LTL, said the ruling would not prevent companies from pursuing divisional mergers or a restructuring prior to making a bankruptcy filing...
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