Hints and tips:
...One of them said the valuation would probably be far lower than the $44bn acquisition price....
...Sanjeev Gupta’s metals group has struggled for more than a year to afford payments to Tata Steel tied to a £100m acquisition it made from Britain’s largest steelmaker, according to court documents....
...But the sheer audacity that newly-public court documents reveal about the actions of V Ashok, the chief financial officer of Sanjeev Gupta’s GFG Alliance, is something else. Here’s the backdrop....
...Nicholas II of Russia, Edward VII and George V of Great Britain, Chulalongkorn of Siam and the Duc d’Orléans were among its early patrons....
...Liberty Global will make a payment to Telefónica to balance the stakes....
...Formula One, the global car racing series controlled by Liberty Media of the US, has cancelled Grands Prix in Baku, Singapore and Japan....
...Meanwhile, protesters say stay-at-home orders threaten civil liberties....
...Fries says that there are alternatives for Liberty Global beyond Sunrise....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Instead they’ve spent a lot on executive compensation and in ill-timed acquisitions. Investors will now be pressing companies to act....
...It could also choose to tip over Qualcomm’s $44bn acquisition of NXP Semiconductors; Mofcom is the only global regulator holding up the deal....
...“There were some small opportunities we put in the fridge while the big cake (Liberty Global) was being baked,” he said with a glint in his eye....
...It’s a glamorous do at the V&A....
...Chief finance officer Dennis Okhuijsen learnt this trick from Liberty Global — where he was previously the treasurer....
...(FT) HK v SH The fight to attract IPOs used to play out between Hong Kong and Singapore but now the focus has moved northward....
...“There is no strong cyber provider that’s servicing the small and medium enterprise space and making it accessible,” Mr Higgins said....
...As the stock of non-performing loans falls, servicing platforms are beginning to look at new ways of making money. Read the full piece by the FT's Thomas Hale here....
...Now that Discovery CEO David Zaslav has swallowed up Scripps and Malone’s Liberty Media, which is led by Greg Maffei, has taken control of Formula One, what else might be up for grabs?...
...Tracking stocks owe their origins to General Motors’ acquisition of the EDS IT services business from Ross Perot in 1984....
...To be fair, Landmark’s future numbers would reflect recent acquisitions. Over several years the deal should release tax savings of some $240m....
...Its businesses range from selling 4x4s and servicing South Atlantic squid-fishing fleets, to moving Lady Diana’s wedding dress for the V&A and ferrying passengers across Portsmouth Harbour....
...If the financial instrument is a debt instrument (such as a loan), its fair value can be determined by reference to the market conditions that existed at its acquisition or origination date and current market...
...Omers Private Equity is set to strike its first ever majority takeover in Europe with the purchase of V.Ships, the world’s largest ship servicing group by sales....
...The sale of V.ships, the world’s largest ship servicing group by sales, has reached an impasse after its owner private equity fund, Exponent, failed to agree a deal with Charterhouse Capital Partners, according...
...“It really has to be a key element of what any asset servicing organisation is doing right now,” he says....
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