Reuters | Jul 8, 2017, 05.10 PM IST * Restructuring of German engineering services group Bilfinger is “in an early phase,” its finance chief Klaus Patzak told Boersen-Zeitung in an interview published Saturday. * Patzak said the share price had reached a floor. “I assume that the share price will gradually rise,” he said. *…
The Gujarat High Court today prevented the National Company Law Tribunal from conducting any further proceeding against Essar Steel till July 12 under the Insolvency and Bankruptcy Code. A bench of Justice S G Shah stopped the NCLT from proceeding further against the Essar Steel on the firm’s contention that the RBI’s…
Management services provider FTI Consulting, Inc.FCN recently acquired CDG Group, an investment banking firm that provides financial advisory services to small and mid-sized public and privately held companies, for an undisclosed amount. The strategic transaction is aimed at augmenting the company-side and interim management capabilities within its restructuring business in North America. Based in New…
On March 27 in Berlin, Eric Wahlforss, cofounder of German music streaming company SoundCloud told an audience of politicos, entrepreneurs, and the media how important the city of London has been to SoundClouds success. SoundCloud wouldnt have grown into the widely-used music platform it is today without its London office opened in Soho in 2008…
It certainly hasn?t been a great end to the week for the Compumedics Limited (ASX: CMP) share price. In afternoon trade the medical device company?s shares are down 19% to 51 cents. Why have its shares dropped? This morning Compumedics provided the market with an update on its performance for the 12 months ending June 30 2017. As you…
TORONTO Fears of Sears Canada retirees were realized Thursday when the insolvent retailer confirmed it will seek court approval next week to suspend their health, dental and life insurance benefits as well as special payments to the companys underfunded defined benefit pension plan, which has a deficit of almost $267 million. The company filed for…
Strengthens Company-Side Restructuring and Interim Management Expertise Adds 19 Professionals, Including Five Senior Managing Directors WASHINGTON, July 06, 2017 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN) today announced that it has acquired CDG Group, a leading restructuring advisory, turnaround management, value enhancement and transaction advisory firm in New York. Terms of the transaction were not…
Strengthens Company-Side Restructuring and Interim Management Expertise Adds 19 Professionals, Including Five Senior Managing Directors WASHINGTON, July 06, 2017 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN) today announced that it has acquired CDG Group, a leading restructuring advisory, turnaround management, value enhancement and transaction advisory firm in New York. Terms of…
As Christine Holgate does her due diligence ahead of taking the reins from Ahmed Fahour as chief executive of Australia Post she will discover a confusing mess of segment performance numbers in the organisation’s annual reports. Analysis of the accounts undertaken exclusively for Chanticleer show that since Fahour took over as CEO in 2011, the letters…
Passed in without a formal bid. Not even a dummy bid. Key points: Redundancy and restructuring costs have eroded print cash flow to “negligible” levels Fairfax will return to its selling up to 40pc of Domain real estate and cutting print costs Domain is valued at around $2.3b It is an irony not lost…