Hints and tips:
...than ¥1tn ($7.3bn) in overseas acquisitions and partnerships since 2007, including its $3bn purchase of US drugmaker Audentes Therapeutics in 2020 and its $3.8bn takeover of US-based oncology specialist OSI...
...A raid by Muddy Waters on OSI Systems this month was what one old banker refers to as a “chopped liver deal”....
...In 2010, Astellas Pharma went public with a $52 a share offer for OSI Pharmaceuticals and then nominated new directors. The two sides agreed a $57.50 offer....
...Six officials of a company that supplied meat to KFC, McDonald’s and other restaurant chains were arrested after the company, a subsidiary of the US food group OSI, was accused of selling expired meat....
...Kentucky-based Yum said that publicity over the supplier, a subsidiary of US-based OSI, had hit sales at its KFC and Pizza Hut restaurants in China – in spite of the fact that OSI was not a big supplier...
...The more extensive checks are so far limited to OSI subsidiaries rather than China’s meat processing industry as a whole....
...OSI now processes 300m chickens a year in China, about 3 per cent of the country’s total....
...OSI operates eight meat or poultry processing plants in mainland China....
...The report depicted food safety lapses at Shanghai Husi, a division of OSI that supplies Yum and McDonald’s in China, where employees were alleged to relabel expired meat....
...McDonald’s said this month that the scandal – which led Shanghai authorities to close down the affected factory of Shanghai Husi Food Co, a subsidiary of US food group OSI, and detain staff – initially had...
...The company, and rival Yum Brands, have been felled by an undercover news report that depicted food safety lapses at Shanghai Husi, a division of OSI that supplies the two companies in China, where employees...
...(Financial Times) “OSI Group, a meat supplier to McDonald’s, said it would recall all products made by its Shanghai plant… Chinese authorities have shut down OSI’s Shanghai Husi Food Co. plant for allegedly...
...(Financial Times) - Eurozone bailouts, the IMF and the OSI. (Wall Street Journal) - The debate over US Treasuries falling. (Wall Street Journal) - Asia’s growth drives numbers of super rich....
...Moreover, we believe that there needs to be OSI (Official Sector Involvement) in addition to PSI in order to achieve a substantial reduction in the Greek debt burden. 2....
...Astellas of Japan was rebuffed in its bid for CV Therapeutics, before winning its hostile takeover of OSI....
...These pressures were underscored when Astellas made an initially hostile bid for OSI, a rare move for a Japanese company....
...Examples include Astellas Pharma of Japan’s $3.8bn acquisition of OSI Pharmaceuticals in the US, and Korea National Oil’s $2.8bn deal with Britain’s Dana Petroleum....
...Investors among the first to go long OSI and short Astellas on March 1st, the day of the announcement, could have been sitting on a 60 per cent paper profit on Sunday, as the board of OSI bowed out....
...Centerview and Lazard are advising OSI. Citigroup is advising Astellas....
...Shares in OSI shares had traded well in excess of $52 since March....
...Astellas succeeded in acquiring OSI, a US cancer drug company, after launching an initially hostile bid earlier this year....
...With the benefit of hindsight, Gilead probably overpaid for CV but OSI is anchored by a far stronger stream of cash flows....
...term factors and onto the potential of OSI.”...
...Astellas is being advised by Citibank and OSI by Bank of America....
...But OSI shares declined 4.1 per cent to $57.35 after arbitrageurs cut holdings to bring its price in line with the reported deal terms....
International Edition