Hints and tips:
...In its North Carolina lawsuit, Barings has accused Weightman of trying to buy its private credit operation “for pennies on the dollar”, citing an email he sent to MassMutual’s chair Roger Crandall warning...
...“But the moment the penny is up in the air, you suddenly know what you’re hoping.” The coin toss dictated that Tulchinsky should stay at his current employer, options trader Timber Hill....
...Goldman’s top “fixer” Monte dei Paschi’s controversial rights issue Meet CS First Boston, the cheaper option for Credit Suisse When you have what analysts estimate to be an over sFr4bn capital hole, every penny...
...While most of Evergrande’s foreign creditors are likely to recover just pennies on the dollar on their $20bn of bonds, Oaktree could bank a windfall of more than $200mn if it is able to sell the assets it...
...The winning bid of 287p a share was 2p a share above CD&R’s existing offer and just a penny above the 286p offered by a consortium led by SoftBank-owned Fortress Investment....
...“The Conservatives are handing out eye-watering sums of taxpayers’ money to management consultants, every penny of which means less investment in the frontline staff who keep our NHS going,” said Wes Streeting...
...By contrast, SunAmerica earned pennies on the dollar from what people in finance call “spread” — the result, in effect, of borrowing money at a lower interest rate than they can earn....
...(Wall Street Journal) Out of the blue An obscure penny stock by the name of Blue Sphere Corp gained 451 per cent this week, seemingly from thin air....
...Instead of looking on the sidewalk for pennies, it is far better to look to the horizon for nuggets of gold....
...But adjusted earnings per share of 51 cents topped estimates by two pennies, and net income jumped 33 per cent to $242m....
...In theory, Berry could trump Apollo’s bid by one penny. Despite the attention, RPC’s share price is in a funk....
...The pennies add up: Sony/ATV makes revenue of about $600m annually; Mr Bandier said it was on track for its “best financial year yet”....
...Mr Schwartz has made Guggenheim Securities into a formidable M&A player — ranking 11th in revenues among US advisers from 2014-16 — but not without paying a very pretty penny to certain prized new hires....
...Ivy Investments, an arm of Wadell & Reed, the Kansas-based asset manager has launched a mutual fund based on this benchmark....
...“If you are buying an ETF or passive investment in an index, you are not doing that kind of research....
...These high-speed traders earn pennies as they capture fleeting price differences millions of times over across major markets....
...And hundreds of millions of dollars as a total investment cost is much more aligned with realistic VC investments than multiple billions....
...Simply put, £1 invested in a FTSE 100 tracker would give you one penny’s worth of stock in each of the UK’s 100 biggest firms....
...Hence, the penny-pinching must begin with the purchase price. Email the Lex team at lex@ft.com...
...That deal was struck before the dramatic slide in energy prices, which has led the US buyout group to value that investment at pennies on the dollar today....
...Constant investment in speed and intense competition have whittled profit margins down to pennies, removing inefficiencies that were once opportunities, say executives....
...As a result, junior creditors could conceivably recoup just pennies on the dollar, according to arguments made in the litigation. A spokesman for Caesars disputed the claims....
...KKR, which is making 1.8 times its investment in Pets at Home, seems to have squeezed every penny out of them: the pet company’s shares closed down 2.7 per cent to 238p....
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