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...In January 2007, with the financial crisis looming, he sold the company, Reckson Associates Realty Corporation, to SL Green for $6.5bn....
...The organisation was established in 2014 by the family behind the Kone Corporation — makers of elevators, and one of Finland’s biggest companies....
...In the middle of last year, Schindler launched a suite of eight “clean mobility” options for clients to make elevator use more sanitary....
...Advent is targeting companies that were “very high priced” before the pandemic and will look for so-called carve-out deals to buy units that are spun out of corporations, Mr Mussafer said....
...We’ll freely discuss which vaccine we received in an elevator with strangers. But a conversation about money rarely happens, even in a private setting with close friends....
...Globally the elevators business is dominated by a quartet of companies that also include Otis, which is owned by United Technologies, and the Swiss group Schindler, while there are smaller players from Japan...
...The Howard Hughes Corporation, which he chairs, bought a parking lot in the South Street Seaport’s historical district for $180m in 2018....
...In December, a sweeping espionage operation, allegedly by Russian hackers, was found to have used software from SolarWinds to infiltrate US government bodies and corporations....
...This is especially the case in France, which has the oldest fleet of elevators in the world....
...Schindler, another competitor of the elevators business, had also threatened legal action if a Kone deal went ahead....
...The share prices of rivals Kone, Schindler and Otis have not been hit hard by the crisis. But the sheer size of the deal has complicated matters....
...The former journalist forged the first post-Cultural Revolution joint business venture with China in 1980, as the vice-chairman of the China-Schindler Elevator Company in Beijing....
...AG: Did you say elevator ride? MM: Yeah. If you were riding in the elevator with Joe Biden. AG: [Laughing] During the pandemic?! MM: Sorry, sorry. You got me there....
...Activist shareholders want the German industrial giant to sell off its highly profitable elevator division....
...Apollo, Blackstone, KKR and Ares, some of America’s biggest private equity firms, have seen shares soar to record highs this year after switching from partnership to corporation status — a move that makes...
...Swiss elevator maker Schindler Holding is suing South Korea for more than $300m over losses it suffered from “damaging” deals done by Hyundai Elevator, in which it is the largest single investor....
...Many years ago, in a previous life, I used to wear a suit and work at a strange and venal corporation. There was little glamour in the life of a drone but I found one secret retreat....
...Selling off the elevator unit may prompt a rebound in ThyssenKrupp’s share price, but the prospect of the company rejoining the Dax appear slim....
...Molly Young asks why corporations speak the way they do and nails the description of WeWork’s prospectus — “it reads like something a person wrote in the middle of an Adderall overdose with a gun to his...
...The joint bid that could reach more than $20bn is likely to face competition from Kone, the Finnish elevator maker, and Japan’s Hitachi....
...“With peers Kone and Schindler trading at elevated [valuation] multiples, there’s significant value within the elevators business which the conglomerate discount placed on Thyssen has historically masked...
...Vancouver duo Minimal Violence’s debut album is based around the idea of a futuristic corporation with access to people’s dream lives....
...Lachlan Murdoch talks to the Hollywood Reporter about life at Fox Corporation after the Disney sale. Live sports is big on the agenda....
...“Shippers of agricultural products – including growers, food processors, grain elevators – are faced with a time-intensive and often unreliable sourcing process,” said the company....
...He confesses to being prone to motion sickness, hates flying and even dislikes elevator rides, though after a recent visit to Washington he said he is getting used to air travel....
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