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...It is projecting $235mn of “synergies” — mostly cost savings one would hope. Taxed and capitalised, these would be worth about $1.8bn, or more than three times the premium....
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...The business would expand Citi’s business in China, which already includes corporate lending and other banking services....
...Bank bosses should only feel worried when alternative asset managers are regularly lending billions for general corporate purposes....
...Bernstein Litowitz has the right to ask the court to pay it up to one-third of the “benefit conferred” by the ruling....
...A deal combining Choice and its bigger rival would create one of the largest budget hotel owners in the US, with significant operations overseas....
...Over time, Daunt said he can see synergies from bringing together the back-office functions such as IT across Waterstones and Barnes & Noble....
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...A version of this article was first published on November 1 by Nikkei Asia. ©2023 Nikkei Inc....
...is meant to provide the original investors in Cotiviti with a full cash return on their investment and avoid a so-called continuation fund, a novel structure where a private equity fund sells a stake in one...
...“We expect to see growth slowing globally with the US well positioned to withstand a run-of-the-mill recession should one materialise.”...
...Laws like the Community Reinvestment Act have long encouraged big US banks to divert some loans into assisting the industry’s minnows, particularly ones that serve poorer communities....
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