Hints and tips:
...Who Lisney Sotheby’s International Realty Passage West, County Cork, €1.95mn Where In the southern port town of Passage West, which is a 20-minute drive from Cork city....
...The $598bn investment firm has also failed to follow through on deals for publisher Pearson, gambling company William Hill and packaging business RPC Group.Apollo is considered to be one of the buyout industry...
...If RPC’s client gets its way, however, the struggle is far from over. Job moves Samsung has appointed vice-chair Lee Jae-yong, the grandson of the company’s founder, as chair....
...Law firm RPC’s head of competition Lambros Kilaniotis is leaving to jointly lead Quinn Emanuel’s UK competition practice with partner Kate Vernon, per The Lawyer. Smart reads Crypto for the climate?...
...When the business introduced a franchise model eight years later, Kraft acquired the exclusive licence for Sotheby’s International Realty France-Monaco....
...(FT) News round-up CVC in talks to set up $4bn global tennis group (FT) Barclay family settles dispute over bugging at Ritz (FT) Blackstone to buy datacentre operator QTS realty trust for $6.7bn (Wall...
...Cerberus first invested in the company in 2006, and along with the property groups Kimco Realty, Klaff Realty, Lubert-Adler Management and Schottenstein Stores bought it from Supervalu in 2013....
...Mind you, there was that RPC plastic packaging deal last year . . . Sir Stelios £5m? Whistle for it!...
...The trust is a corporation owned by DJT Holdings LLC — that is, Donald J Trump. Mr Trump appears to owe the money to himself....
...News round-up WhatsApp hack led to targeting of 100 activists (FT) General Motors warns of $2.9bn blow from US factory strike (FT) UBS becomes first foreign IPO sponsor on China’s Star (FT) Digital Realty...
...That suggests RPC is priced about right RPC shareholders should not get their hopes up. Any additional premium from Berry could be meagre....
...Shares in RPC rallied when bid talks for the company emerged but are down over the past year....
...Berry Global Group, the US plastic packaging company, is seeking to gatecrash the £3.3bn takeover of its UK competitor RPC by a private equity firm....
...Aviva Investors, a top-20 shareholder, said it did not agree with the recommendation from RPC’s board....
...Under pressure from Senvest Management, a New York hedge fund, Colony last year slashed the management fees it collects from Northstar Realty Europe, a publicly traded real estate investment trust....
...RPC spent an average of over £400m a year on other companies. But there is the rub. Critics gripe that RPC’s acquisitions mask weak earnings growth....
...However, in keeping with most unwanted apparitions, it has now turned up at a late hour to upset Apollo’s RPC bid....
...RPC said Apollo and Bain both have until October 8 to make a firm offer or walk away....
...They’re simply the best at what they do,” said Craig Deitelzweig, chief executive of New York-based Marx Realty....
...The company has been targeted by the New York hedge fund Senvest Management over Northstar Realty Europe, a publicly traded real estate investment trust from which Colony collects management fees....
...At one point, there were three Northstar entities: Northstar Realty Europe; Northstar Realty Finance, also a Reit; and Northstar Asset Management, which was meant to manage and earn fees on the other two...
...Colony Capital, a real estate company that grew by investing in distressed mortgages after the financial crisis, merged with Northstar Realty and Northstar Asset Management in January last year to create...
...“While Kushner Companies has been a Citi client for years, we dealt exclusively with RFR Realty, the other partner in the joint venture, on this loan.”...
...guarantor propped up by US taxpayers a decade ago after the subprime housing crisis, backed a $550m loan to the building’s owners — Moinian Group, among New York’s largest private landlords, and SL Green Realty...
...Corporate earnings and updates for Wednesday include Britvic, ZPG, Brewin Dolphin, Findel, HSS Hire, Telford Homes, RPC Group and Eve Sleep....
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