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SAO PAULO (Reuters) – Brazilian drug distributor Dimed SA Distribuidora (PNVL4.SA) has approved the sale of up to 38 million shares, the company said in a securities filing on Friday. According to the filing, the company will sell 16 million new shares and shareholders such as pension fund Petros, which manages retirement accounts for employees of oil company Petrobras, and […]
Read moreRIO DE JANEIRO (Reuters) – Brazilian meat producer JBS SA (JBSS3.SA) will redeem $875 million worth of bonds in August, it said in a securities filing on Friday. According to the filing, the company will redeem $425 million of its 6.25% notes due in 2023 and $450 million of its 5.875% notes due in 2024. Source: Read Full Article
Read moreRIO DE JANEIRO (Reuters) – Brazilian insurer Sul America SA (SULA11.SA) has concluded its 3.18 billion reais ($597 million) sale of its auto unit and other businesses to Germany’s Allianz SE (ALVG.DE), it said in a securities filing on Friday. The deal was originally announced in August 2019. The sale will appear in the company’s second quarter results. Source: Read […]
Read moreBritain is moving towards an exit from the European Union on March 29, possibly with no agreement, and thus courting – according to the Bank of England – an 8 percent drop in GDP and a 7.5 percent rise in unemployment. A drear prospect, attended by matching drear commentaries on the stupidity of the 52 percent of the British electorate […]
Read moreBOSTON (Reuters) – Activist hedge fund Jana Partners on Thursday disclosed a new stake in Perspecta Inc (PRSP.N), which provides information technology services to government customers, and said it will speak with executives about changes that could lead to a merger or sale. Jana, one of the industry’s most powerful activist investors, said in a regulatory filing that it owns […]
Read more(Reuters) – U.S. business analytics firm Dun & Bradstreet on Tuesday filed for an initial public offering, looking to ride the recent wave of successful new listing after the COVID-19 pandemic crushed the market for new issues. The Short Hills, New Jersey-based company did not mention the size of the offering in the regulatory filing bit.ly/2AbIk0J, but a Reuters report […]
Read moreSHANGHAI (Reuters) – Two more liquor makers have sought listings in China, riding a wave of investor enthusiasm over spirit makers which has helped push their shares to record highs. Sichuan Langjiu applied to the securities watchdog for a 7.45 billion yuan ($1.05 billion) Shenzhen initial public offering over the weekend, the second liquor company to do so in just […]
Read moreNEW YORK (Reuters) – Massachusetts Mutual Life Insurance Company (MassMutual) is exploring a sale of its retirement services division, which has about $175 billion of assets under management and administration, people familiar with the matter said on Friday. MassMutual’s retirement services business administers savings programs, such as 401(k) plans, for private and public sector employees. While the mutual company offers […]
Read moreAMSTERDAM (Reuters) – Shares in coffee maker JDE Peet’s surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis. Shares in the world’s No. 2 maker of packaged coffee, whose brands include Douwe Egberts, Peet’s Coffee and Jacobs, were priced at 31.50 euros, valuing the firm at […]
Read more(Reuters) – Private-equity backed EagleClaw Midstream is suing the former owners of Caprock Midstream, alleging they failed to disclose tens of millions of dollars of liabilities during acquisition talks. EagleClaw in 2018 acquired natural gas pipeline operator Caprock Midstream Holdings from Energy Spectrum Capital and Caprock Midstream Management for $950 million. After the deal closed, EagleClaw discovered “numerous issues and […]
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