Hints and tips:
...One fund lost $10mn on its hedges on Tuesday, sources told DD....
...Křetínský’s bought stakes in supermarket chain J Sainsbury and London football club West Ham United....
...DD subscribers get a special discount....
...DD’s Sujeet Indap asked Apollo what it thought of all this....
...technologies (like DD, ECL); and waste management companies with hazardous or chemical waste programs (like CWST, GFL, RSG, and WCN) could benefit from an increase in PFAS-related regulations....
...Goldman Sachs co-head of Latin America Ricardo Mora is leaving the bank, DD reports....
...“Berkshire has a strong retail shareholder base and they are much more loyal and willing to hold the stock,” said Christopher Rossbach, chief investment officer of J Stern & Co, a longtime shareholder....
...The rescue has parallels to the Panic of 1907, when J Pierpont Morgan locked a group of bank chieftains in his library until they could uncover a bank rescue plan after the failure of Knickerbocker Trust...
...Su Zhu, co-founder of Three Arrows Capital, a hedge fund that itself collapsed, said he used FTX after seeing the roster of investors behind it: “I assumed someone there did DD [due diligence].”...
...DD’s Kaye Wiggins dug deep into these structures in November....
...J: court stops the music for the ‘Texas two-step’ (Lex)...
...Křetínský’s portfolio includes stakes in the UK’s Royal Mail, grocer J Sainsbury, and West Ham football club as well as German wholesaler Metro and US sneaker chain Foot Locker....
...DD is keen to see whether that theory holds....
...News round-up French minister calls for restrictions on flights by private jet (FT) Adani launches hostile bid for Indian news channel NDTV (FT) J&J tries to extend its ‘Texas two-step’ to halt two states...
...Two high-stakes legal actions involving J&J and 3M should soon determine whether these strategies are legal....
...Job moves JPMorgan Chase has named J&J former chief executive Alex Gorsky as director to its board....
...News round-up Architects of ‘Texas two-step’ lambast J&J for its use of the manoeuvre (FT) Former Goldman Sachs banker to stand trial over 1MDB scandal (FT) AMD closes record chip industry deal with about...
...J&J has denied its talc contains asbestos and can cause cancer. This isn’t Jones Day’s first rodeo....
...News round-up Ex-Goldman banker’s 1MDB trial paused after new evidence is disclosed (FT) The complex route to VW’s planned Porsche IPO (FT) J....
...The company filed for bankruptcy in June, bringing to an end Enjoy’s eight months as a public company, which DD’s Sujeet Indap and Ortenca Aliaj set out in this read....
...As DD’s Ortenca Aliaj explains, that theory is now being put to the test....
...Fast forward to more recent times and the manor was bought in the late 1950s by the American oil baron John Paul Getty, who sold it to the art collector Stanley J....
...J&J denies its talc contains asbestos or causes cancer but is moving to shield itself from any other potential blockbuster jury payouts that could hit its bottom line....
...DD is expecting CD&R, which is working with Goldman Sachs, to return with an improved offer....
...DD would love to hear from LPs with thoughts on the matter. Email due.diligence@ft.com....
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