The closure will result in $363 million in one-time impairment and restructuring charges that will be reflected in SunEdison’s fourth-quarter results, and about $10 million to $13 million in restructuring charges expected to be reported in fiscal 2016. SunEdison said it also will halt high-volume production of silicon crystal ingot at its Portland, Oregon, facility.…
Jonathan Levines experience representing bondholders and indenture trustees further enhances the groups practice New York, New York (PRWEB) February 18, 2016 Morrison & Foerster, a leading global law firm, is pleased to announce that Jonathan Levine has joined the firms New York office as a partner in its Business Restructuring & Insolvency Group. Mr. Levine…
New York, New York (PRWEB) February 18, 2016 Morrison & Foerster, a leading global law firm, is pleased to announce that Jonathan Levine has joined the firms New York office as a partner in its Business Restructuring & Insolvency Group. Mr. Levine comes to the firm from Andrews Kurth, where he represented ad hoc…
In a chat with ET Now, Vinod Ramnani, Opto Circuits CMD, talked about the company’s Q3 performance. He said that the company has done lot of restructuring in the management. He expects that restructuring will help in improving their business. ET Now: What has caused the weakness in your top line growth? Vinod Ramnani: Top…
Telecom major Bharti Airtel Tuesday announced restructuring of its loss-making African telecom business by grouping operations in 15 countries under eight clusters along with change in management structure. The company has elevated Airtel Africa MD and CEO Christian Defaria to the position of Executive Chairman of Airtel Africa. Also, the operator appointed its director of…
Universal Music Group is coming towards the end of a significant period of global restructuring, MBW understands. One segment of UMG that has suffered some growing pains as a result is the Universal Music Group International (UMGI) division, which was/is based in London. Following the departure of UMGi CEO Max Hole last year, UMG boss…
Australias first streaming service Quickflix is trying to get rival Stan to restructure a massive share block it holds in the business, claiming it is putting off new investors as it seeks a new round of capital raising. In 2014 Stan, owned by Nine Entertainment and Fairfax Media, bought a $1m shareholding from US cable…
Strategic debt restructuring’ (SDR) is a new tool made available to banks and financial institutions by the Reserve Bank of India (RBI) in June 2015 for the recovery of non-performing assets (NPA). The joint lenders forum (JLF), a consortium of bankers and financial institutions, can take the SDR route to recover the loan…
Design-focused software firm Autodesk has announced a restructuring plan as the company looks to expedite its transition to the cloud and a subscription-based business model. As with many such restructurings, this means that Autodesk is laying off a significant chunk of its staff 925 positions, equating to around 10 percent of the workforce. Founded out…