Kaisa Group Holdings Ltd. pressed ahead with a plan to restructure its offshore bonds by offering incentives to creditors almost two months after rejecting a rival proposal from a U.S. hedge fund. The developer will pay bondholders and lenders a consent fee equivalent to 1 percent of holdings if they support the plan by Jan. 24,…
Former Goldman Sachs executive Bruce Mendelsohn has joined Perella Weinberg Partners as a partner in its advisory business, the firm has announced. Mendelsohn will be based in New York and will lead the companys restructuring practice. He will work closely with partner Kevin Cofsky and the other members of the restructuring team, according to a…
GlaxoSmithKline should be split, star investor Woodford says 8 January 2016 From the section Business Image caption Neil Woodford (left) tells the BBC’s Adam Parsons that his biggest mistake may have been not investing more in tobacco The UK’s biggest drugs company should be split up, says one of Britain’s most successful and influential investors.…
SunEdison, a solar manufacturing company, fell 35% on Thursday after the company announced that it intends to raise money and restructure its debt in order to pay back $738 million worth of debt. Now, you may be thinking, debt reduction, thats a good thing. Well, like many things in life, the devil is in the…
PKC Group Plc Company Announcement 7 January 2016 8.00 am PKC’s tax appeal for the business restructuring carried out in 2009 rejected by Finlands Board of Adjustment PKC Group Plc has received a decision from the Board of Adjustment of the Finnish Tax Authorities, according to which PKC Group Plc would be obliged to pay EUR 8.3…
The retailer announced Wednesday the locations of 36 stores closing across the U.S. See the list below. Shoppers carry bags as they cross a pedestrian walkway near Macy’s in Herald Square, Nov. 27, 2015, in New York. After a disappointing 2015, Macy’s plans to restructure its business and eliminate more than 4,500 positions.(Photo: AP) Capping…
By Jon Chesto Globe Staff January 05, 2016 The tumultuous times continued for the staff at Boston magazine Tuesday as they watched three colleagues lose their jobs amid a corporate restructuring led by owner Metro Corp. The job cuts, leaving the magazine with a staff of 52, follow the surprise departure of editor…
Photo: Mayra Beltran, Staff KBR does construction, engineering, and is a military contractor on Tuesday, June 30, 2015, in Houston. ( Mayra Beltran / Houston Chronicle ) KBR has sold its Infrastructure Americas business to Stantec Consulting as part of the restructuring plan initiated just more than a year ago, the engineering and construction firm…
HOUSTON–(BUSINESS WIRE)–Swift Energy Company (OTC PINK: SFYW) (the Company) announced today that it has reached an agreement with holders of a majority of its senior notes to convert all senior notes to equity pursuant to the terms of a restructuring support agreement signed today. Under the agreement, existing equity holders are to retain four percent…