Hints and tips:
...Unilever, which also owns brands from Dove soap and Cif cleaning products to Magnum ice creams and Marmite, said in December 2022 that the lawsuit had been resolved....
...Companies such as Unilever, which makes Magnum and Ben & Jerry’s ice creams and Hellmann’s mayonnaise, are conscious of changing consumer habits and regulatory pressures to provide a healthier offering....
...But the court said that, even this time, LTL had far too much in the bank for a bankruptcy filing. It had access to perhaps $30bn in resources....
...Unilever on Tuesday announced it was divesting its ice cream business that includes brands such as Magnum, Wall’s — and the controversial Ben & Jerry’s....
...Yellow specialises in “less than truckload” or LTL logistics. The company said its nascent “One Yellow” strategy to unify its various acquisitions was starting to bear fruit....
...Under this strategy J&J created a unit, LTL, to house all talc claims and put it into Chapter 11....
...LTL was not.”...
...This process could take decades and ultimately cost hundreds of billions of dollars, according to court filings by LTL....
...However, the world’s biggest healthcare products company responded by enabling a subsidiary LTL Management to refile within hours of the dismissal....
...An appeals court ruled that the bankruptcy of LTL would not be in good faith. J&J agreed to fund LTL for liabilities of some $61bn....
...LTL, the unit created by J&J to house the talc claims, would again file for bankruptcy in order to facilitate the settlement, the company said....
...The female sommelier also somehow instinctively knew I needed another glass of cava and swept over, magnum in hand. Meanwhile, a chanteuse next to the bar sung in a smoky voice....
...The motion to dismiss Bestwall’s bankruptcy follows a landmark ruling issued last month by the Third US Circuit Court of Appeal, which dismissed the bankruptcy of LTL, a subsidiary of J&J, on the grounds...
...LTL has asked the bankruptcy court to issue an injunction preventing them from doing so....
...LTL then filed for Chapter 11 bankruptcy protection, which put a stay on talc claims....
...Kaplan has said he intends to rule before the end of February on the talc claimants’ motion to dismiss LTL’s bankruptcy....
...Magnum Opus Acquisition, backed by the private investment firm L2 Capital, agreed to take Forbes public at a $630mn valuation. It was also set to infuse $145mn of cash into the magazine....
...A version of this article was first published by Nikkei Asia on November 21 2022. ©2022 Nikkei Inc. All rights reserved....
...Forbes has been seeking $400mn of additional capital through a private placement as part of its plans to list in New York via a tie-up with special purpose acquisition company Magnum Opus Acquisition Limited...
...The New Jersey-based drugmaker said on Thursday the filing by its subsidiary, LTL Management, was intended “to resolve all claims related to cosmetic talc in a manner that is equitable to all parties, including...
...It then put the subsidiary, LTL Management, into Chapter 11 bankruptcy protection in North Carolina and asked a judge to pause all talc cases against the new subsidiary and J&J....
...The new subsidiary, LTL Management, filed for bankruptcy in October and established a $2bn trust to pay out talc claims in what critics allege is an attempt to force victims into accepting significantly...
...The Forbes agreement with Magnum Opus Acquisition, backed by the private investment firm L2 Capital, will mean the US business publication will receive $600m, including cash raised by the Spac as well as...
...The warning from Alan Jope came as the maker of Domestos bleach, Hellmann’s mayonnaise and Magnum ice cream reported that its underlying operating margin in the six months to June dropped 100 basis points...
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