TANGEDCO unbundling: Navigating complex financial restructuring challenges ahead – BusinessLine

As the Tamil Nadu Government kickstarted the process of unbundling its energy distribution company with the formation of three companies, a major challenge awaits pertaining to the breakdown of accumulated losses of the power utility as the financial restructuring has not been done yet. Last week, the state Energy Department issued an order for the…

DB Realty Board Meet On Feb 9 To Consider Corporate Restructuring, Demerger Of Hotel Biz – NDTV Profit

In a regulatory filing, the company informed that a meeting of the Board of Directors will be held on Feb. 9 to “review the existing corporate structure consisting of real estate and hotel/hospitality business segments and seek in-principle approval of the Board for corporate restructuring including but not limited to the demerger of hotel/hospitality business…

Ex-Kirkland Bankruptcy Pro Molds Messages for Distressed Firms – Bloomberg Law

Jon Henes, who left Kirkland & Ellis vaunted restructuring practice in 2021 to start a firm that advises distressed and bankrupt entities, is making his first partner-level lawyer addition since his companys launch. Whitney Fogelberg, a Kirkland restructuring partner, will join a team of 19 strategic communications professionals at C Street Advisory Group and launch…

Corbion restructuring, reducing workforce – BakingBusiness.com

AMSTERDAM Reorganizing at Corbion will involve simplifying the companys structure into two business units from three business units and reducing its workforce by about 200, which will include closing a fermentation plant in Peoria, Ill. Executives gave details Jan. 31 in Amsterdam during a capital markets update for analysts and investors. Corbion executives also gave…

Earnings call: Evercore reports mixed results, optimistic on restructuring – Investing.com Australia

Reuters. Evercore (EVR) reported a mixed financial performance for the fourth quarter and full year of 2023, with net revenues of over $2.4B for the year and adjusted earnings per share of $2.02 for the quarter. Despite a decline in revenue and operating income compared to the previous year, the company highlighted the diversification of…

Letter: Banks mill closure is about corporate restructuring, not habitat plan – Tillamook Headlight-Herald

Senator Weber and Representative Javadi are peddling a false narrative about a mill closure in Banks, on behalf of the timber industry. The facts: Hampton Lumber, headquartered in Portland, made a business decision to invest $150 million into expanding its mill in Willamina thanks to state and local tax breaks. At the same time, it…