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...The price-to-book ratio of companies listed on South Korea’s flagship Kospi index is 0.91, significantly lower than the Nikkei 225’s 2.01....
...“The take-private transaction increases Nielsen’s leverage significantly and pressures its cash flow generation due to the high interest burden,” Jawad Hussain, an analyst with S&P Global, said....
...The stock had risen 27 per cent over the past five years to Tuesday, compared with a 64 per cent rise in the S&P 500 oil refining and marketing index over the same period....
...Elliott later made wholesale management change the focus of its demands. Since mid-May, NRG’s shares have risen 47 per cent, compared with a 10 per cent loss for the S&P 500 utilities index....
...That may leave little in the way of fat to trim for Elliott or JD.com. But consumer wariness means the benefits are emerging only slowly....
...Former Elliott portfolio manager Sebastien de La Riviere is set to join Alex Algard’s A5 Capital as chief investment officer....
...NRG’s share price surged, becoming the best-performing stock on the S&P 500 index that year....
...The 20-year average growth rate for earnings is about 10 per cent (according to S&P Indices)....
...Why Elliott is still locked in a legal battle over AC Milan US hedge fund Elliott Management sold AC Milan to RedBird Capital Partners in the summer of 2022 for a record price of €1.2bn....
...According to S&P Global Ratings, average discounted loan recoveries for 2022 to 2023 were just 61.5 cents on the dollar, nearly 12 percentage points below their long-term average to the end of September....
...Purchases totalled £948mn last year, down 28 per cent from 2022’s record high of £1.3bn, according to data from the Association of Investment Companies, a trust industry body....
...Over the weekend, Currys said it had rejected a 62p-a-share bid from Elliott, adding that it significantly undervalued the company....
...On Monday the Financial Times revealed that US hedge fund Elliott had been buying the bonds....
...s=20 The presentation Wey sent to fellow Sri Lankan creditors includes a similar but different photo. For copyright reasons we are not including it, but can describe it....
...Lex looked at one cosy-looking deal struck between Elliott Management and US tower operator Crown Castle. Read the details here....
...Jonathan Adler porcelain Luciana vase, £650 Megan Elliott handmade earthenware Hand candle holder, £75, paulsmith.com Tiffany & Co gold Elsa Peretti medium bone cuff, £22,500 Chloé silk scarf, £340 Georg...
...Elliott bought a 4.5 per cent stake and pushed to elect its own directors and break up the company....
...And next: Elliott Management is setting up a new company to invest at least $1bn to buy mining assets globally, as it seeks to take advantage of the depressed valuation of companies operating in the sector...
...Her first single without Halle, 2021’s “Have Mercy”, was a throwaway affair with a lowest common denominator approach to basslines and bodies....
...S&P has rated the bonds single-B minus, among the riskiest ratings it assigns....
...But several advisers cautioned that it would be too soon to say a victory would unleash a wave of similar campaigns, citing Engine No. 1’s success at Exxon....
...The company’s triple C plus credit rating is one of the lowest assigned by the big rating agencies, with analysts at S&P Global warning its upcoming debt maturities “present significant refinancing risk”...
...NRG, a US energy group, has parted ways with chief executive Mauricio Gutierrez following a months-long campaign by activist investor Elliott Management....
...The world is “on the path to hyperinflation”, which could lead, Elliott bluntly states, to “global societal collapse”....
...Elliott declined to comment....
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