Since 1998, The M&A Advisor has been profiling the proven strategies and unique experiences of leading restructuring, M&A and corporate finance experts. Today, The M&A Advisor reaches over 500,000 professionals in more than 60 countries with premier research, conferences and publishing. “We are publishing Saving Corporate America A Survival Guide for Greatness at a time when the…
Two weeks ago, media reports had hinted that the tug-of-war between steel king LN Mittal and the Ruias over Essar Steel may end up seeing no winner. That’s because the legal and financial consultants advising the interim resolution professional (IRP) overseeing sale had reportedly recommended the rejection of both bids as being ineligible. Mittal’s company…
Medical debt cripples millions of Americans, including hundreds of thousands in the D.C. area, and NBC is taking steps to help. More than 668,000 people in the D.C. metropolitan area owe a total of more than $600 million in medical debt. HELP PAY IT FORWARD “You’re one illness away or one accident away from financial…
“NBC and Telemundo owned stations’ commitment to helping the most vulnerable in our communities is an inspiration,” said RIP co-founders Craig Antico & Jerry Ashton. “Our goal is to abolish $1 billion of medical debt in 2018, and we’re incredibly proud to have NBC and Telemundo owned stations as partners in helping us make this…
David Sheppard and Neil Hume in London March 5, 2018 The departing co-chief executive Noble Group was paid more than $20m in 2017 as the troubled commodity trader slumped to a record $5bn loss and headed for a restructuring that will all but wipe out shareholders and some bondholders. Jeff Frase, who ran the oil…
Creditors of insolvent German airline Air Berlin are considering whether to sue its major shareholder Etihad for billions of euros in damages, a spokesperson for the airline’s insolvency administrator, Lucas Floether, says. The creditors’ committee is scheduled to meet on Monday to discuss putting the claim forward. German newspaper Sueddeutsche Zeitung reported that Floether expected…
Aircel said it filed for bankruptcy to find the best possible resolution that would be in the best interest of its vendors, distributors and employees. Photo: Pradeep Gaur/Mint Mumbai: Troubled telecom operator Aircel Ltd, which has filed for bankruptcy, approached the Mumbai bench of the National Company Law Tribunal (NCLT) on Monday for the appointment…
Alpha said that the fall was directly linked to the failure of CBL Insurance. Danish unrated insurer Alpha Insurance has gone into solvent liquidation. An announcement on the insurers website blamed CBL Insurance for the failure. It stated: Effective immediately, Alpha Insurance A/S has ceased all underwriting, including renewals. This decision is a direct consequence…
Mris Sprds declined to tell BNS who had posted bail when he was released on Feb. 16. Attorney Jnis Rozenbergs, however, confirmed on Friday that Sprds’ bail was posted by the latter’s brother. According to the database at Firmas.lv, Kristaps Sprds owns, in full or in part, several companies, including the law firm MAX Grup,…
Thomas Cook (India) advanced 6.59% to Rs 256.40 at 12:58 IST on BSE after the company’s board of directors gave their consent to the management to explore the possibility of an internal corporate restructuring exercise. The announcement was made after market hours on Thursday, 1 March 2018. The stock market was closed on Friday,…