Category Archives: Restructuring

FTI Consulting Wins Small Company Transaction of the Year from Turnaround Management Association – Markets Insider

WASHINGTON, Oct. 23, 2017 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN) today announced that its Corporate Finance & Restructuring segment received the Turnaround Management Associations Small Company Transaction of the Year Award for its role in the bankruptcy reorganization of energy project development company Juniper GTL LLC. Juniper was constructing one of the first natural…

Noble Group to sell oil liquids unit to Vitol, flags $1.2 billion loss – Yahoo7 News

By Anshuman Daga Noble Group to sell oil liquids unit to Vitol, flags $1.2 billion loss SINGAPORE (Reuters) – Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. Monday’s…

Sinochem plans to acquire assets around the world, think global – South China Morning Post

Chinas US$60 billion chemical giant Sinochem Group is eyeing overseas merger and acquisition opportunities and plans to introduce strategic investors in three to five years for its business arms, according to company chairman Frank Ning Gaoning. The state-owned enterprise (SOE) will focus on bulk petrochemical and downstream products, develop high value-added materials and life science…

Noble Group to sell oil liquids unit to Vitol, flags $1.2 billion loss – Reuters

SINGAPORE (Reuters) – Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. The company logo of Noble Group is displayed at its office in Hong Kong, China January 22,…

Supporting business success with modern business hub in Havelock North – New Zealand Herald

BM Accounting Limited are proud to have been supporting the best commercial and agri businesses in Hawke’s Bay for the past two decades. The firm has recently moved into brand new offices in the Village Exchange complex, right in the heart of Havelock North. This space has been custom designed to support businesses in Hawke’s…

Baker Hughes, a GE Company, Takes a Hit From Restructuring Costs – Madison.com

Whenever two giant companies come together, you have to assume there are going to be some early headaches as the newly combined entity goes through the initial restructuring and builds a coherent long-term strategy. That seems to have been the case with Baker Hughes, a GE Company‘s (NYSE: BHGE) most recent quarterly results. (Side note:…

Baker Hughes, a GE Company, Takes a Hit From Restructuring Costs – Motley Fool

Whenever two giant companies come together, you have to assume there are going to be some early headaches as the newly combined entity goes through the initial restructuring and builds a coherent long-term strategy. That seems to have been the case with Baker Hughes, a GE Company‘s (NYSE:BHGE) most recent quarterly results. (Side note: We’re…

Future FinTech Files Proxy Statement Including Proposal for … – PR Newswire (press release)

The Company’s shareholders will vote on whether to approve the spin-off of two of the Company’s wholly-owned subsidiaries, SkyPeople Foods Holdings Limited (BVI) (“SkyPeople BVI”) and FullMart Holdings Limited (BVI) (“FullMart”), through a pro rata distribution of the ordinary shares of each of SkyPeople BVI and FullMart to holders of the Company’s common stock (the…

Police Scotland looking into RBS treatment of small business clients – The Guardian

Police Scotland is looking into reports it has received about Royal Bank of Scotlands treatment of small business customers. The Scottish police force did not reveal how many reports it had received or the nature of the complaints but it is reported to be related to the banks now defunct global restructuring group (GRG). GRG…

Concordia Plans Restructuring After Missing Interest Payment – Bloomberg

Concordia International Corp., stumbling under debt that the Canadian drugmaker piled on during a takeover spree, is seeking to restructure its finances and cut borrowings by at least $2 billion after missing an interest payment Monday on some unsecured bonds. Management is pursuing a plan under the Canada Business Corporations Act, according to a statement…