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...The company expected net cash flow to turn “consistently positive” in the first half of next year....
...Many of the businesses now underwrite their own debt deals, lending either directly to companies or against a host of assets....
...While the company continues with its bolt-on acquisition strategy, Komiya said valuations in the industry were still too high for a sizeable acquisition: “We hardly come across a company that is affordable...
...Brooge was part of a wave of companies that capitalised on investors’ appetite for special acquisition companies and was valued at more than $1bn when it went public....
...First: the insurance sector is continuing to pay large ransoms to hackers, on behalf of companies, even though the governments of countries such as the US and UK have urged them to stop, arguing that this...
...It would also mark the largest deal of the year between two companies with a combined enterprise value of about $140bn, including debt, in what has otherwise been a tepid mergers and acquisitions environment...
...Cigna chief executive David Cordani said the company remained “financially disciplined” and “will consider bolt-on acquisitions aligned with our strategy” in a statement on its share repurchase programme...
...It culminated last week with the sale of a $5bn loan that backed KKR’s purchase of a stake in a healthcare technology company known as Cotiviti....
...The suburban New York-based institution last March acquired most of Signature’s deposits and just over a third of its assets including nearly $13bn in loans, in a deal arranged by the Federal Deposit Insurance...
...“We are confident that it [the acquisition] will position us for continued growth and success,” said Hamad Al Ameri, chief executive of Alpha Dhabi....
...The acquisition target is Benefit One, a company in hot demand in the era of labour shortage when higher wages are not enough to attract workers....
...Buffett has also had to contend with the loss of a number of businessmen he had close ties with and who had provided their own advice while sitting on the company’s board....
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
...Deutsche Bank has hired Andy Tam from Perella Weinberg Partners as co-head of Americas insurance in the financial institutions group. He will be based in New York....
...and acquisition activity....
...The bumper profits of 2022, as Russia’s full-scale invasion of Ukraine boosted LNG prices, eased this year and attention has focused on problems for the two companies....
...The company’s cash pile surged during the quarter by nearly $10bn to a record $157.2bn, a sum that gives it formidable firepower for acquisitions....
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...charging, robotaxis and international market expansion, the companies said....
...The net result was tighter margins. The acquisition of a competitor, Family Dollar, eight years ago has never really been successfully integrated....
...Drugmakers pay rebates to ensure their treatment is placed on the lists of drugs covered by insurance companies....
...Brookfield bought a fifth of the equity, starting in 2020, to help Bhalla fend off a hostile bid. Meanwhile it built up its own formidable insurance vehicle....
...Berkshire has long kept cash in short-term Treasuries to give the company the flexibility to pay out catastrophic insurance losses and to have reserves ready to splash out on multibillion-dollar acquisitions...
...To put it differently, the opportunity cost of holding all that cash, in hopes of making an acquisition, has gone down....
...Under the terms of the proposed transaction announced on Tuesday, Brookfield’s listed insurance affiliate, Brookfield Reinsurance, would acquire AEL shares for cash and stock for $55 each, an implied premium...
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