Hints and tips:
...The US government has codified its scepticism in revised “merger guidelines”....
...Among them were Canadian pension fund Ontario Municipal Employees Retirement System, as well as the Abu Dhabi and Chinese sovereign wealth funds....
...Bloomberg) Fund managers urge European regulators to mirror US move to T+1 (FT) Thomas Cook owner Fosun to sell brand to Poland’s eSky (SKY News) UK government vows to protect litigation funding that helped sub-postmasters...
...And in 2021, Restaurant Brands paid $1bn in cash for Firehouse Subs....
...One paper in this area caught my eye recently, “Standardizing and Unbundling the Sub Rosa DIP Loan”, co-authored by researchers Kenneth Ayotte and Alex Huang of UC Berkeley School of Law....
...He invited Oprah Winfrey to interview him and declared the merger to be “our rendezvous with destiny”....
...The TSE’s ambitions are not just meant for the worst-run Japanese companies, those with a sub-1 price/book ratio....
...The Ontario Teachers’ Pension Plan has promoted Bruce Crane to head of the Asia-Pacific region, succeeding Ben Chan, who retired earlier this month....
...Remember that at the time, Musk was arguing that Twitter had breached the merger agreement because of bots or whatever....
...Real estate services group CBRE has appointed Blake Hutcheson, chief executive of the Ontario Municipal Employees Retirement System, to its board....
...The sub 20 per cent operating margin over the past year compares poorly with Activision’s 35 per cent. EA has not experienced the same stumbles as Activision....
...Omers Private Equity, an arm of the eponymous group that invests the pension fund assets of Ontario’s municipal employees, said on Monday it had acquired a holding in International Schools Partnership, a...
...The Ontario Teachers’ Pension Plan Board appointed Deutsche Bank veteran Nick Jansa as senior managing director of Europe, the Middle East and Africa and promoted the current head of its Singapore office...
Silicon Valley group looks to tap into huge mobile payments market with purchase of Lagos-based company
...The international consortium also includes Singapore’s sovereign wealth fund GIC, Ontario Teachers’ Pension Plan, NH Investment & Securities of South Korea and Italian energy infrastructure company Snam....
...Other members include Italian energy infrastructure company Snam, Ontario Teachers’ Pension Plan, Singapore’s sovereign wealth fund GIC and NH Investment & Securities of South Korea....
...“We are also very reluctant to sell sub-par businesses as long as we expect them to generate at least some cash and as long as we feel good about their managers and labour relations,” the manual said....
...Lex recommends the FT’s Due Diligence newsletter, a curated briefing on the world of mergers and acquisitions. Click here to sign up...
...Between them, the five companies have spent $17bn on sub-$1bn deals in the past five years alone. It is fair to ask whether any involved quashing competition — although proving this will be difficult....
...US allies get a pass on Cfius Investors in the UK, Australia and Canada looking to strike a deal in the US can breathe a sigh of relief (we’re looking at you Ontario Teachers, CPPIB and Macquarie)....
...Those listing with sub-50 per cent gross margins, like Lyft, Uber and Slack, trade below listing prices....
...Almost £4bn of UK investors’ money languishes in so-called “orphan funds” — sub-scale funds with persistently low inflows and often high charges....
Streaming group’s ‘happy ending’ could yet prove just another plot twist
...“We would expect investors who were buying sub-$8 will see this offer as compelling; for investors buying during 2018 where the average share price was $14.20, the offer is more a peace offering to minimise...
...You don’t want to be the last remaining player with sub-scale brand, data and technology.”...
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