Private equity giant Blackstone, drugmakers Strides Shasun and Nectar Lifesciences are ahead in the race to acquire debt-laden Orchid Pharma, The Economic Times reported citing two persons aware of the development. Dr.Reddys Laboratories and Aurobindo Pharma are no longer in contention for Orchid Pharma, the report said. Orchid Pharma is undergoing a corporate insolvency resolution…
Orange has one of the highest rates of personal bankruptcy in Australia, with 75 people in the city declared bankrupt in 2017. Statistics from the Australian Financial Security Authority and data research agency illion placed Orange seventh in Australia, and second in NSW, for suburbs with the highest concentration of bankruptcies. It was a 38…
ST. LOUIS Some school districts in the St. Louis area are asking the community to help pay off student meal debt for families who can’t afford daily lunches for their children. More than 2,100 students in the Francis Howell School District collectively owe nearly $19,000 in their school lunch accounts. The district has asked community…
A West Australian builder with a long history of delivering major commercial projects has reportedly written to subcontractors warning them to down tools as the company reviews its “financial viability”. Cooper & Oxley is more than 60 years old and has delivered more than $2 billion in projects over the past decade, including the 1309 Hay Street Hotel Development, Baldivis Senior College…