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InvestingVallourec to Pay First Dividend in 10 Years After Cutting Debt
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Finance5 Benefits of Pecking Order Theory on Business Finance
L’Occitane’s Billionaire Owner Geiger to Take Firm Private in $1.8 Billion Deal
Date: April 30, 2024
L’Occitane’s billionaire owner Geiger to take firm private in $1.8 billion deal (Reuters) – Hong Kong-listed L’Occitane International’s chairman and controlling shareholder will take the French skin-care firm private, valuing it at a maximum of HK$13.91 billion ($1.78 billion), the company said on Monday. Shares of L’Occitane jumped as much as 12.9% to HK$33.30, their...
Exclusive-Travelex Owners Considering Sale of Company –sources
Date: September 29, 2023
Exclusive-Travelex owners considering sale of company –sources By Amy-Jo Crowley and Pablo Mayo Cerqueiro LONDON (Reuters) – Travelex’s owners are exploring a sale of the British currency exchange, which fell into administration in 2020, after bolstering its finances, four sources familiar with the matter told Reuters. The owners, which include former bondholders that took control...
Swedish Landlord Sbb Rules Out State Support as Cash Dwindles
Date: July 14, 2023
Swedish landlord SBB rules out state support as cash dwindles By Marie Mannes STOCKHOLM (Reuters) -Swedish property group SBB on Friday ruled out state support as it sought to repair its battered finances, marred by a heavy loss and dwindling cash. The $13 billion group, which owns swathes of property across Sweden including hospitals and...
Macquarie Raising Hurdles to Cdp Joining Kkr Bid for Telecom Italia Grid, Sources Say
Date: May 16, 2023
MILAN (Reuters) -Australian fund Macquarie is raising legal hurdles over a plan backed by Italy’s Treasury for state lender CDP to join forces with U.S. fund KKR in a deal to buy Telecom Italia’s landline grid (TIM), three sources said on Monday. TIM directors have set a final deadline of June 9 for potential improved...
Global Dealmaking Sinks to Lowest Level in Over a Decade
Date: March 31, 2023
By Anirban Sen and Andres Gonzalez NEW YORK/LONDON (Reuters) – Global mergers and acquisitions (M&A) activity shrank to its lowest level in more than a decade in the first quarter of 2023, as rising interest rates, high inflation and fears of a recession soured the appetite of companies for dealmaking. M&A volumes during the first...
Telecom Italia Boosted by Rival Offer for Landline Grid
Date: March 6, 2023
By Elvira Pollina MILAN (Reuters) -Telecom Italia (TIM) shares rose as much as 5% on Monday after Italian state investor CDP and Australian fund Macquarie submitted a joint bid for the former phone monopoly’s grid, rivalling an approach by U.S. firm KKR. TIM is betting on a sale of its most prized asset to cut...