GREENFIELD – Greenfield-based Elanco Animal Health Inc. (NYSE: ELAN) says it will cut about 350 jobs globally as part of an ongoing restructuring effort. The company says the move aims to improve operational efficiency following the $7 billion acquisition of Bayer Animal Health last year. The news comes about four months after the company announced…
Diamond Offshore Drilling, Inc. announced Monday that it has entered into a plan support agreement with holders of over 70 percent of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction. The deal will significantly deleverage the companys balance sheet and position the business for future growth, according…
Global management consultancy FTI Consulting has installed Vincent Fok as the new Head of its Corporate Finance & Restructuring segment in Asia. Vincent Fok brings more than two decades of experience in corporate recovery, corporate restructuring and transaction advisory to the role. He succeeds John Batchelor, who led the division for the past five years…
Speculation recently began to spread that Konami was abandoning its game development divisions, but the publisher insists that’s not true. In an announcement about internal restructuring, Konami divulged plans to dissolvea few of its Production Divisions, leading many to believe the publisher had abandoned gaming-related efforts; according to Konami, though, such speculation is inaccurate. Konami’s…
By Reuters Staff 3 Min Read (Adds details, background) PARIS, Jan 25 (Reuters) – The European Commission did not request extra time for talks on a planned restructuring of French state-controlled energy firm EDF, a source in the French finance ministry said on Monday. French broadcaster BFM Business reported on Monday that the European Commission…
By Reuters Staff 3 Min Read (Adds details, background) PARIS, Jan 25 (Reuters) – The European Commission did not request extra time for talks on a planned restructuring of French state-controlled energy firm EDF, a source in the French finance ministry said on Monday. French broadcaster BFM Business reported on Monday that the European Commission…
At meeting held on 25 January 2021 The Board of Bannari Amman Spinning Mills at its meeting held on 25 January 2021 has approved for Corporate Debt Restructuring proposal under the Scheme “Resolution framework for COVID-19 related stress” as per the RBI Circular No.RBl/2020-21/16 DOR.No.BP.BC/3/21.04.048/2020-21 dt: 6.8.2020. Powered by Capital Market – Live News (This…
HOUSTON, Jan. 25, 2021 /PRNewswire/ –Diamond Offshore Drilling, Inc. (“Diamond” or the “Company”) today announced that it has entered into a plan support agreement with holders of over 70% of each of its senior unsecured notes and revolving credit facility loans regarding a financial restructuring transaction that will significantly deleverage the Company’s balance sheet and…
Moelis & Company to help swift reopening of UAE Exchange and other Finablr Group companies Image Credit: Ahmed Ramzan/Gulf News Dubai: The consortium of Prism Group AG (Prism) and Abu Dhabis Royal Strategic Partners (RSP) has appointed independent investment bank Moelis & Company to advise on the restructuring and transformation of the Finablr Ltd and…
Moelis & Company has advised a succession of leading international companies on corporate restructuring and transformation programmes in the UAE The acquisition will enable acquisitions to restart and secure the future of the group, which is a major provider of cross border financial services in the UAE The consortium of Prism Group AG and Abu…