Hints and tips:
...Hedge fund billionaire Bill Ackman was planning to raise $3bn for his Pershing Square Tontine Holdings vehicle. It was already expected to be the largest Spac in history before he upped it to $4bn....
...Although governments and central banks are providing much of the cash, lenders are being asked to serve as the “transmission mechanism” to ensure support finds its way to the companies and consumers who...
...People were giving each other the elbow . . . instead of shaking hands to avoid transmission. Some had started doing it as a joke while others were taking it very seriously....
...Most are at least partially state-owned, but others, including the Hungarian subsidiary of Robert Bosch LLC, are not....
...for $9bn, along with its interest in Oncor, the regulated transmission and distribution business of which EFH owns 80 per cent....
...EFH owns 80 per cent of Oncor, the crown jewel of the regulated transmission and distribution business that went bankrupt in 2014 under a huge pile of debt....
...Corporate earnings reports out today include CK Hutchison Holdings, Cheung Kong Property, Asahi Group, Kirin, Sumitomo, NTT Data, Suzuki Motor, Nikon, CapitaLand, Sega Sammy and MGM China Holdings....
...Apart from Berkshire and NextEra, about eight other companies had expressed interest in acquiring Oncor, including ITC, the largest specialist transmission company in the US, the Dallas-based Hunt family...
...The deal between Mr Buffett’s holding company and EHF was reached after several other deals had fallen apart due to regulatory concerns....
...for Oncor, the regulated transmission and distribution business of which EFH owns 80 per cent....
...However, at July’s hearing, the NHTSA raised concerns about possible under-reporting of problems with vehicle transmissions and tyre faults at high speed....
...Costs have also been squeezed — by using freelance staff in production, paying down debt, buying its London headquarters and reworking transmission deals....
...Competitive Electric Holdings....
...Gox or its Delaware subsidiary, Mutum Sigillum, LLC....
...Markel, the US insurer, this week offered £116.5m in cash, or 115p a share, for the group, and shareholders holding 66 per cent have accepted....
...Timken, which has a market capitalisation of about $5.6bn, will spin off its steel business within 12 months, it said, leaving it focused on bearings and power transmission equipment....
...Complicating the situation is that most of the debt sits at the generating arm, while the most valuable part of the group is its regulated transmission arm, Oncor....
...Banks holding less than €30bn assets – which include most of Germany’s retail banks – would be primarily overseen by national authorities....
...They have been behind two deals, Allison Transmission and the upcoming sale of Aleris, an aluminium products producer, respectively....
...Allison Transmission, backed by Carlye and Onex Corporation, is up 6 per cent to $24.71. As a result, more large IPOs are on the way....
...Allison Transmission, a Carlyle Group-backed maker of automotive systems, raised $690m earlier this month in a deal that saw investors demand additional shares, despite a leverage ratio of 4.5 times net...
...Mr Messer described the venture as a “customer-facing merchant operation in which we are buying from producers and selling to consumers and transporting commodities along a transmission and distribution...
...More recently, Paris made sure that the state-owned Areva nuclear group sold its transmission and distribution businesses to Alstom (now once again in good shape) and Schneider Electric rather than see these...
...Each invested about $700m through those vehicles, while Telecom Italia invested about $600m to buy into Brasil Telecom’s holding company....
...Renault, which is developing electric cars, has confirmed holding discussions with Mr Agassi....
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