Hints and tips:
...The US government has codified its scepticism in revised “merger guidelines”....
Plus, Elliott faces its own boardroom challenge and a new twist in a UK infrastructure disaster
...The competing bids are the latest twist in a long-running saga for Redstone, the media scion who in 2020 inherited control of the entertainment conglomerate that her late father Sumner Redstone built from...
...The European Commission on Friday ruled out a review of the merger because, it said, it did not constitute a new deal....
...Bloomberg) Fund managers urge European regulators to mirror US move to T+1 (FT) Thomas Cook owner Fosun to sell brand to Poland’s eSky (SKY News) UK government vows to protect litigation funding that helped sub-postmasters...
...And in 2021, Restaurant Brands paid $1bn in cash for Firehouse Subs....
...delightfully public and petty drama into our world: Dear Special Committee Members, We write to express our concerns with the sale process involving the proposed acquisition of Sculptor Capital Management, Inc...
...One paper in this area caught my eye recently, “Standardizing and Unbundling the Sub Rosa DIP Loan”, co-authored by researchers Kenneth Ayotte and Alex Huang of UC Berkeley School of Law....
...Responding to concerns from some mergers and acquisitions advisers that Britain’s merger regime had been thrown into confusion by months of twists and turns on the Microsoft deal, Raftery argued that companies...
...As with any other gripping yarn, dramatic plot twists should not be ruled out. Authors including Stephen King cheered the demise of a deal with Penguin Random House....
...He invited Oprah Winfrey to interview him and declared the merger to be “our rendezvous with destiny”....
...The TSE’s ambitions are not just meant for the worst-run Japanese companies, those with a sub-1 price/book ratio....
...Merger arbitrage traders, who just a few months ago were calling up DD to say the deal was dead, are no doubt also in better spirits....
...That provides some protection from twists and turns in the brutal unscripted reality show that is business....
...The sudden reversal by Buhari, 79, who is also the country’s oil minister, is the latest twist after his decision to approve the landmark deal. At issue is who has the authority to approve the sale....
...But there was a twist. Antoine and the FT’s Madison Darbyshire’s digging revealed that a 20-year-old university student was at the centre of the trade....
...But if the lower court ruling is upheld, Citi has asserted so-called “subrogation” rights, meaning that — in an intriguing twist — it will attempt to become a creditor of Revlon....
...The sub 20 per cent operating margin over the past year compares poorly with Activision’s 35 per cent. EA has not experienced the same stumbles as Activision....
...In an unexpected twist, two entities that collectively hold 22 per cent of Shinsei’s voting rights for the Japanese government let it be known that they would be voting against the poison pill....
...The story contains a wild series of twists and turns and we strongly recommend you read the whole thing. Masayoshi Son: who needs a $66bn mega-deal?...
...New York and London have delivered another twist to definitions of the gig economy today....
...The UK takeover regulator has given Clayton, Dubilier & Rice an extended August 20 deadline to make an offer for Wm Morrison, in the latest twist in a bidding war between two US private equity groups for...
...SoftBank-owned Fortress hiked its bid just days before a critical deadline for a rival offer from the buyout group Clayton, Dubilier & Rice, a dramatic twist in a deal that could reshape a company that has...
...DD’s Kaye Wiggins and the FT’s Silvia Sciorilli Borrelli set out the twists and turns in this deep-dive....
...But the events embroiling Samsung’s founding Lee family are the latest twists in a decades-long saga. At its heart is Lee Jae-yong....
International Edition