By Bhuma Shrivastava, P R Sanjai and George Smith Alexander Nearly six months after his turbulent elevation to run Indias biggest conglomerate, Natarajan Chandrasekaran is assembling a team of dealmakers to refocus some of the groups biggest businesses, expand its financial services and consumer businesses and sell or merge dozens of smaller units, according to…
LAFAYETTE, La.–(BUSINESS WIRE)–Knight Energy Holdings, LLC (Knight or the Company) and its operating affiliates announced today that they have signed a Restructuring Support Agreement (RSA) with certain debt holders representing over 87% of the Companys Senior Secured Credit Facility due 2018 in conjunction with its voluntary filing of a pre-negotiated Chapter 11 petition today in…
Still grappling with its towering debt, Valeant Pharmaceuticals International Inc. on Tuesday focused on promoting several new consumer health products that the company hopes will reinvigorate its shrunken cash flows. Management at the Laval, Quebec-based company have been undergoing a dramatic restructuring of the company following a product pricing scandal, selling billions in assets and…
Avaya has revealed its steps toward exiting Chapter 11 bankruptcy, including the appointment of a new chief executive, agreements with priority creditors and a debt reduction of more than US$3 billion. The unified communications vendor announced overnight that it had entered into a plan support agreement (PSA) with more than 50 percent of the holders of its…
Korea-based Samsung will implement restructuring for its China business and will shut down its seven sales points without employee layoffs. A representative from Samsung said that the company will close its seven sales points in China’s northern, eastern, southern, central, southwestern, northwestern, and northeastern regions, and further divide its China businesses into 22 bases. Samsung’s…
The Lotte Group began restructuring its business in China. The decision was made as the top management of the group judged that they can stand no longer as the China’s economic retaliation for the deployment of the Korea-US terminal high-altitude area defense (THAAD) system has been continuing for six months, and the decision to deploy…
The Lotte Group began restructuring its business in China. The decision was made as the top management of the group judged that they can stand no longer as the China’s economic retaliation for the deployment of the Korea-US terminal high-altitude area defense (THAAD) system has been continuing for six months, and the decision to deploy…
OMAHA The company that bought ConAgra Foods troubled private-label business 18 months ago is still struggling to operate it profitably. Illinois-based TreeHouse Foods, with offices in Omaha, on Thursday announced a plan to restructure its company by 2020. In phase one, its closing packaged-food factories in Minnesota and Indiana and cutting back production at a…
OMAHA The company that bought ConAgra Foods troubled private-label business 18 months ago is still struggling to operate it profitably. Illinois-based TreeHouse Foods, with offices in Omaha, on Thursday announced a plan to restructure its company by 2020. In phase one, its closing packaged-food factories in Minnesota and Indiana and cutting back production at a…
Herbalife Ltd. (NYSE: HLF) has been one of the most controversial stocks in the market in recent years, and the companys Q2 earnings report and conference call have presented investors with even more questions about the future of the company. Restructuring Taking Its Toll In June, Herbalife blamed Federal Trade Commission-mandated restructuring for its second-quarter…