Hints and tips:
...Viacom and CBS merged via an all-stock deal in 2019, forming a combined group that was renamed Paramount. If Paramount offers any instruction to the future, shareholders are correct to worry....
...But banks led by JPMorgan Chase lobbied hard to underwrite a financing over the past four months....
...His real name is Hank Medina, a Miami native who climbed the ranks of banking by moving from CIT to Jefferies. After a brief stint on the buy side, he returned to banking at Deutsche Bank....
...“When I visit your countries and companies, you can expect to see me in the office late on a Friday afternoon,” he promised. With additional reporting by Euan Healy in London...
...Hedge fund wunderkind Spruce House, founded by two friends from The University of Pennsylvania, expanded to bet on growth stocks....
...A&O is the latest corporation to take private equity money to grow non-core businesses, while retaining a stake to ensure they don’t miss out on future profits....
...Corporate boards are essential to the great leap of faith that created the idea of corporations run by a professional management in the first place, allowing founders, and others, to do something else while...
...BT Group chief executive Philip Jansen is preparing to step down next year, prompting the telecoms company to begin a search for his successor, according to two people familiar with the matter....
...by tomorrow, and a knack for annoying a lot of people....
...Whether or not it was his first choice, the merger plan rings eerily similar to the reunification of media conglomerates CBS and Viacom, worth $13bn today — less than half of the value of the separate groups...
...But a crackdown by Chinese police, a money-laundering investigation and lockdown restrictions threaten to topple all that he has built....
...Whether or not Demchak has hit a hole in one with BBVA, he is a banker to watch — especially when it comes time for Dimon to pick a successor....
...With the $11bn MultiPlan deal, Mr Klein sealed the largest transaction by a Spac....
...The latest entrants to the race are Viacom and CBS. They’re in the process of negotiating a merger 13 years after they were split by controlling shareholder Sumner Redstone....
...Sales of non-core businesses by Hitachi, Toshiba and other conglomerates, as well as Japan’s problems with finding successors for its ageing business bosses, presented attractive opportunities for buyout...
...Pearson’s chief finance officer Coram Williams, who was seen by insiders as a potential successor to chief executive John Fallon, has left the company....
..., New York, April 15 1976; William Paley, chairman, CBS Inc, New York, April 13 1976; Barbara Jordan, US congresswoman (Texas), New York, July 14 1976; Frank Fitzsimmons, president, International Brotherhood...
...(BBG) Tables turned Viacom heiress Shari Redstone now sits unchallenged atop a $30bn entertainment empire after fighting off two of the most powerful men in Hollywood, ex-CBS chief executive Les Moonves...
...In May, it was the subject of a lawsuit from several CBS directors that aimed to limit the family’s power and thwart a merger of CBS and Viacom, the owner of MTV, Paramount and Comedy Central....
...Chrysler could not even look for a friendly merger to solve its problems because it had huge unfunded pension liabilities....
...FT premium subscribers can click here to receive Due Diligence every day by email. The CBS soap opera is about to reach a new climax....
...If they end up shutting down or running them as zombie papers, they will,” says Matt DeRienzo, former editor of the New Haven Register, a daily newspaper in Connecticut sold by DFM to Hearst Corporation...
...In such litigation, CBS would need to convince a Delaware court the merger was struck both at a “fair price” and in a “fair process”....
...How has Japan Inc reacted?...
...At the smaller end of the industrial scale, private equity has established a strong foothold as a go-to buyer as the founders of Japan’s thousands of SMEs face retirement without a successor....
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