Latest News for: Asset restructuring


Soros, Fortress in a vise to find new buyer for bankrupt Vice

New York Post 02 Jun 2023
While the company had hoped to make itself more appealing by shopping itself in parts, Vice may not even be able to sell the assets individually ... The hope had been that bankruptcy would make Vice’s assets more palatable since a buyer wouldn’t be taking on debt.

Economic Watch: RMB assets hold long-term pull for global investors

Xinhua 02 Jun 2023
The rules involve simplifying listing requirements, optimizing registration procedures, and improving the regulations on underwriting and major asset restructuring of listed firms ... RMB assets hold long-term pull for global investors.

Future Lifestyle Insolvency: RP receives claims of Rs 2,155.53 crore from financial creditors

The Economic Times 02 Jun 2023
... was considering asset monetisation to pay debts after entering into a one-time restructuring plan.

US' rising debt is mother of all debt traps

China Daily 02 Jun 2023
... foreign policy, militarization and provocation and to instigate war against one or more of their major lenders, or — even better — pit them against each other, in the hope that post-war negotiations would result in debt cancellation, restructuring, asset seizure or reparations.

Ropes & Gray Expands 500-Lawyer New York Office with Tax Partner Eric Behl-Remijan

Longview News-Journal 01 Jun 2023
"Ropes & Gray is known around the globe for its leading practices in private equity, M&A, asset management and restructuring," Eric said ... The firm has consistently been recognized for its leading practices in many areas, including asset management, private equity, M&A, ...

Steinhoff seeks Dutch court approval for debt restructuring

Independent online (SA) 01 Jun 2023
Steinhoff International said on Thursday it has sought approval from a Dutch court for a debt restructuring plan aimed at saving the South African retailer from bankruptcy ... The company “filed a request to confirm its Dutch law restructuring plan...

Lifecore Biomedical Reports Third Quarter Fiscal Year 2023 Results

Enid News & Eagle 01 Jun 2023
Net loss from continuing operations increased $8.8 million to a loss of $15.5 million for fiscal third quarter 2023, which includes $8.9 million of restructuring and non-recurring charges, net of taxes, related to consolidating and optimizing operations associated with the Company's strategy to divest its Curation Foods assets.

Takatso-SAA deal: unveiling the global phenomenon of $1 acquisitions

Mail Guardian South Africa 01 Jun 2023
Such transactions involve complex agreements, restructuring plans, asset acquisition and liability mitigation ... South African Airways has faced significant financial and operational challenges in recent years, leading to its business rescue and subsequent restructuring ... Operational Restructuring.

Steinhoff heads to court for restructuring approval

Business Day 01 Jun 2023
Steinhoff intends to enter a restructuring process known as the WHOA (Court Confirmation of Extrajudicial ...

South African retailer Steinhoff seeks court approval for debt restructuring

Reuters 01 Jun 2023
JOHANNESBURG, June 1 (Reuters) - Steinhoff International (SNHJ.J), said on Thursday it has sought approval from a Dutch court for a debt restructuring plan aimed at saving the South African retailer from bankruptcy ... the restructuring plan earlier this year to avoid liquidation.

PagerDuty Announces First Quarter Fiscal 2024 Financial Results

The Joplin Globe 01 Jun 2023
PagerDuty defines non-GAAP gross profit as gross profit adjusted for stock-based compensation expense, employer taxes related to employee stock transactions, amortization of acquired intangible assets, and restructuring costs ... acquisition-related expenses, and restructuring costs.

SpartanNash Announces First Quarter Fiscal 2023 Results

Cadillac News 01 Jun 2023
The decreases in expenses were partially offset by higher restructuring and asset impairment charges, investments in store wage rates, and an increase in corporate administrative costs, which included costs related to the merchandising transformation initiative ... Restructuring and asset impairment, net ... Restructuring and asset impairment, net.

Broadcom Inc. Announces Second Quarter Fiscal Year 2023 Financial Results and Quarterly Dividend

Longview News-Journal 01 Jun 2023
This non-GAAP information excludes amortization of acquisition-related intangible assets, stock-based compensation expense, restructuring, impairment and disposal charges, acquisition-related costs, including integration costs, purchase accounting effect on inventory, litigation ...

ChargePoint reports first quarter fiscal year 2024 financial results

The Joplin Globe 01 Jun 2023
ChargePoint defines non-GAAP net loss as net loss excluding stock-based compensation expense, amortization expense of acquired intangible assets, professional services fees associated with acquisitions, non-recurring restructuring costs, and non-cash charges related to change in fair value of assumed common stock warrant liabilities.

Is BlackRock Responsible for the Woke Agenda?

Armstrong Economics 01 Jun 2023
Fink went on to say that BlackRock was willing to sell off assets of companies that fail to remain in “the relevant index.” “Companies must ask themselves ... Instead of merely managing assets, those at the top attempting to restructure society ... However, not many realize that the asset manager is also responsible for the woke agenda ... ....

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