Brazilian meatpacker JBS to buy back $875 million of bonds

RIO 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

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Commentary: No, Brexit Britain doesn’t want its empire back

Britain 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 […]

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Hedge fund Jana Partners takes stake in Perspecta, eyes changes

BOSTON (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 […]

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Business analytics firm Dun & Bradstreet launches U.S. IPO

(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 […]

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Chinese liquor makers seek listings as investors keep spirits up

SHANGHAI (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 […]

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MassMutual explores sale of its retirement services business: sources

NEW 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 […]

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Coffee maker JDE Peet's shares pop 15% after $17 billion virtual IPO

AMSTERDAM (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 […]

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Blackstone's EagleClaw Midstream sues Caprock over troubled deal

(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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Nurse struggling with COVID-19 trauma found dead in his car

A nurse on the front lines of the coronavirus pandemic was found dead in his car in late April after battling trauma related to his work. William Coddington, 32, became a nurse in 2018 and began seeing COVID-19 patients showing up in his West Palm Beach, Fla., intensive care unit in March. As someone recovering from an opioid addiction battle […]

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