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...Plus, JetBlue will pay rival budget US airline Spirit $69mn as part of the agreement to terminate a proposed $3.8bn takeover....
...over tax fraud received €2mn severance pay (FT) US biotech fundraising boom ends 2-year deal drought (FT) Believe looks to take music group private less than 3 years since IPO (FT)...
...of Labour’s signature policy of abolishing non-dom status poses fresh questions of how Labour would pay for its programme....
...Under the terms of the deal, Roche said it would pay Carmot’s shareholders an initial $2.7bn and a further $400mn, dependent on whether the start-up achieved certain milestones....
...It’s worth noting that almost 98 per cent of victims, including 50 US states, have signed on to the present deal....
...handing control of the process to an external administrator....
...Its median household income is almost twice the rest of the county’s at $102,000 a year, according to US Census data....
...Roche will pay $7.1bn upfront and a near-term milestone payment of $150mn. Pfizer will keep the commercialisation rights outside the US and Japan....
...Wermuth said: “It must not be that in the end, it is the counter clerks who pay for the irresponsible behaviour of their bosses.”...
...If they fail, an independent administrator will take over. Benko is still the controlling shareholder in Signa Holding. But there are outside investors and billions of euros of debt....
...EY has said it plans to use some of the proceeds from a spin-off of its consulting arm to strengthen its balance sheet by paying off debts....
...While traditional senior bonds were issued from the main banking entity, the new bonds were issued out of a holding company....
...UBS agreed to pay $3.25bn for Credit Suisse, which has a book value of $60bn, and has been at pains to underline the execution risk involved in closing the deal....
...Later in 2020, Citigroup, an administrator of Revlon loans, mistakenly repaid $900mn of the earlier loan. A group holding $500mn of those loans chose not to return the mis-wired funds to the US bank....
..., and behaviour changes from making sure not to miss out on ways of getting rich to trying to avoid being the one holding the bag for losses....
...But the US never finished writing those rules on pay and accountability....
...hotly anticipated IPO (FT) Justin Sun’s Hong Kong expansion plans threatened by US SEC action (Nikkei Asia) TikTok chief faces hostile Congress in bid to fight off US ban (FT) Japan export curbs pay...
...This will hit the value of the banks’ vast holdings of government bonds, mortgages and other debt....
...Other readables European industrialists keep pushing for the EU to “compete” with the US’s Inflation Reduction Act — in other words, to pay them more subsidies....
...But Bain has gatecrashed the takeover by indicating it would pay as much as €36 a share to merge Software AG with its portfolio company Rocket Internet....
...But low liquidity, local one-of-a-kind status and a weak foothold in the US translate into a forward price earning ratio of just 5.5 times....
...While management had been dealing with an internal struggle that led it to pay Erkan $10mn in severance, First Republic had left itself very exposed to the Fed’s rapid rate increases....
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