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...Royal Mail owner International Distributions Services has rejected a £4.5bn takeover approach by Czech billionaire Daniel Křetínský’s investment group, calling the timing of the bid “opportunistic”....
...“I would always be cautious about any company that does not have its dividend covered,” said Nate Koppikar, a partner at hedge fund Orso Partners, which has bet against Blackstone shares....
...While GAM would have brought Liontrust a global distribution network, Artemis’s distribution strength lies in the UK....
...“The regulator might not be condoning much more favourable cash distribution to investors going forward.”...
...The Czech billionaire’s investment approach seems pretty straightforward: target very well-known, very underperforming companies....
...On that basis, its $18.25bn acquisition of speciality building products supplier SRS Distribution, including debt, offers good news and bad....
...The company plans to keep its three dealership sites in Poland, which it will absorb into the distribution arm of its business....
...UK-listed stocks, all of which are growing faster than international brand name blue-chip companies listed on the London market....
...Endeavor’s time as a public company was mostly a flop....
...The so-called “Czech Sphinx” owns 50 per cent of Germany’s Metro supermarket chain and is also in negotiations to buy International Distributions Services, the parent company of the UK’s Royal Mail....
...Yet many of Royal Mail’s challenges involve its comprehensive distribution network....
...Part of the company’s growth was fuelled by strong performances at its distribution and electricity businesses....
...There is no cash payment involved, but the two groups will enter into 15-year reciprocal distribution agreements....
...It blames rising interest rates for changing investor interest in “pre-commercialisation” tech companies, ie companies that make few sales....
...Czech billionaire Daniel Křetínský is preparing a takeover bid for Royal Mail owner International Distributions Services, according to people familiar with the matter....
...“On present information, it is unlikely that sufficient funds will be realised to enable a distribution to be made,” according to documents filed at Companies House....
...“The company has thought it should add muscle for future expansion, for future growth,” he told analysts on a call....
...Enbridge will purchase Dominion’s three natural gas distribution companies for about $9.4bn plus debt in an all-cash deal, making it the biggest gas utility group in North America....
...The company said the decision was partly driven by huge demand for weight-loss drugs....
...Since T Rowe Price started to expand its ETF offerings, the company has hired more ETF specialists to work closely with the distribution team “in terms of providing education, assisting in content, development...
...The company has hired 16,000 seasonal workers, opened five temporary sorting centres and launched financial incentives for employees if they hit “quality targets”....
...Given negative net capital distributions for the past several years, lenders with skewed cash-pay/PIK proportions may feel greater pressure from LPs to sell down portfolios in order to manufacture distributions...
...GSK’s Nigeria affiliate also scaled back its business last year, shutting down the distribution of its own medicines and switching to third-party Nigerian companies....
...But as demand starts to normalise later this year, they are likely to “acknowledge they need brand support for distribution”, he added....
...The change comes as the company has struggled to overcome weak demand and a series of distribution and marketing issues that have dragged on performance....
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