Hints and tips:
...Called Australian Wine Holdco, the consortium also includes asset managers Intermediate Capital Group, Capital Four, Sona Asset Management and Samuel Terry Asset Management....
...HoldCo calculates that US Bank’s capital ratios, when factoring in likely regulatory changes, are just above 6 per cent, and below the 7 per cent minimum threshold required of the largest banks....
...Let’s look at the board and holdco quickly....
...Seeing your achievement celebrated in butter takes it to a whole new level, as Geetanjali Shree and Daisy Rockwell found out....
...A report prepared for Warrington council’s audit and finance committee in July showed it had advanced £151m of a £202m facility to an investment company called Icon 3 Holdco, which is indirectly controlled...
...Regulatory filings in California show that Mr Kalanick created a new holding company, CSS Intl HoldCo, last August, apparently to act as a vehicle for dealmaking abroad....
...Apax-backed cloud computing company ECi Software is set to raise $740m in new loans, while TPG’s broadband outfit, Radiate Holdco, is in the market for $500m....
...Ramsay Fairs, the group that owns the Affordable Art Fair and Pulse Art Fair, has bought Volta from Merchandise Mart Properties Inc (MMPI), the company that also runs New York’s Armory Show....
...“I sold a script [a comedy starring himself and Sam Rockwell], I’m writing that now, but I find it very difficult to concentrate because I’ll go on CNN and I’ll see the world is ending.”...
...Deleverage was sizeable, with net debt falling to £1.2bn (inc deeply subordinated bonds, pre IFRS16), or down £343m YoY....
...Milwaukee-based Rockwell said it earned net income of $80.3m, or 66 cents a share....
...“The process for closing on Rockwell Collins is moving forward with the recent US Department of Justice approval being the latest milestone....
...Cue furious fists shaken at one of UK Inc’s few vocal Brexiters. Frankly, it already makes the stuff there, where business is booming....
...Excluding the pending $30bn acquisition of Rockwell Collins, an aviation and cabin systems maker the EU competition regulator has greenlighted, adjusted earnings are now expected to come in between $7.10...
...UTC and Rockwell Collins are main suppliers of both Airbus and Boeing....
...Claroty, a start-up specialising in cyber security for the industrial internet, has raised $60m from investors including equipment manufacturers Rockwell, Siemens and Schneider-Electric....
...Rockwell Automation has boosted its sales growth guidance for 2018, underscoring the factory equipment maker’s decision late last year to reject a $29bn takeover offer from rival Emerson Electric....
...“The Rockwell board again rejected our offer, which would have delivered approximately $30bn of value to Rockwell shareholders,” said David Farr, Emerson’s chief executive....
...Emerson last week increased the cash component in its offer for Rockwell, offering $135 per share in cash and $90 in Emerson shares for every one of their Rockwell shares....
...The new offer represents a 30 per cent premium compared to Rockwell’s undisturbed 90-day volume weighted average share price. David N....
...That is a better endorsement of Rockwell Automation’s independence than it is of Emerson’s attempt to end it....
...Rockwell chief executive Blake Moret....
...Vertical Research Partners argued that Emerson needed Rockwell more than Rockwell needed Emerson. Rockwell’s shares rose by about 2 per cent on the news that the bid had been withdrawn....
...On Tuesday, the US industrial group and peer Rockwell Automation both acknowledged that Emerson had made multiple, unsolicited offers for Rockwell in recent months....
...The offer would give Rockwell shareholders $135 per share in cash and $90 in Emerson shares for every one of their Rockwell shares....
International Edition