Hints and tips:
...“Moreover, we believe many are facing legacy portfolio issues because they aggressively deployed capital in sponsor-backed loans between 2019 and 2021, a period when heightened competition caused financing...
...“These are just weird crypto artefacts that legacy SEC structures and legacy tax structures were not designed to accommodate,” said Joe Hall, an attorney with the Davis Polk law firm....
...There’s an obituary here for Barotz, though it might not fully reflect her legacy....
...Its hodgepodge included a legacy talent management agency as well as live events and a mixed martial arts league....
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...US private equity firm General Atlantic has agreed to take a controlling stake in Joe & the Juice, increasing its investment seven years after initially putting money into the Danish sandwich chain....
...Among them is a proposal to “right-size” legacy divisions, such as Disney’s studio business and its linear TV networks, by spinning them out and finding strategic partners....
...Diversifying public sector technology procurement could help institutions avoid the risks of relying on a single legacy supplier....
...modern News Corp, in 2013, was largely an effort to eliminate a conglomerate discount by splitting the old News Corp into high-growth film and television (which became 21st Century Fox) and low-growth print legacy...
...In 2017, Restaurant Brands bought Popeye’s Louisiana Kitchen for $1.8bn in cash to get into the chicken sandwich game. And in 2021, Restaurant Brands paid $1bn in cash for Firehouse Subs....
...They’re finding that these legacy businesses are no longer good from a required capital or risk-weighted-assets perspective. They’re not fully exiting, though....
...Disney has drawn interest from activists, who are capitalising on a slump in its stock as it grapples with heavy spending on its streaming business and declining margins in traditional legacy television....
...By the way, the insertion of a timber forecast is a fun legacy of founder Jeremy Grantham being extremely hot on the investment theme for a bit. It didn’t pan out any better than the EM value forecast....
...The company, Plan D LLC, owned a Gulfstream jet. In court papers reviewed by the FT, the US Virgin Islands government cites flight logs showing that the plane transported underage girls....
...The water board’s modern-day incarnation says it still pays interest on seven old legacy perpetuals....
...LVMH’s big succession question With five children, Bernard Arnault faces difficult choices in divvying up his luxury empire and preserving his legacy, The New York Times reports....
...journalism and content creation that makes Vice such a trusted brand for young people and such a valued partner to brands, agencies and platforms” with a new ownership and “the ability to operate without the legacy...
...Everyone from small start-ups to legacy carmakers to Apple and China’s Baidu were taken with the idea....
...Edens, who led Fortress’s private equity business, will continue overseeing legacy investments such as the 2007 takeover of a Florida-based rail line, which has been transformed into high-speed commuter...
...“She can talk to a wall,” says Tassy of her knack for striking up conversation, a legacy of her years on the road as a model....
...Just the day before Gupta’s defence was released, the FT’s Cynthia O’Murchu and DD’s Kaye Wiggins reported that the father of Aman Chourasia, the owner of a Hong Kong sandwich shop and founder of Spring...
...Now speculation is rife about whether Iger, who defined modern Disney through dealmaking, will seek another big transaction to cement his legacy....
...That legacy dogged Stadia from the start, leaving Google struggling to convince both gaming companies and users that it was in the business for the long term....
...The Repsol deal, however, is the first attempt by a big oil and gas company to cash in on the value of its entire legacy business....
...One thing to start: A New Jersey sandwich shop with a valuation of $100mn, which became a symbol of stock market exuberance in 2021, was at the centre of an international conspiracy that defrauded investors...
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