CEDC on the brink of bankruptcy amidst debt payment concerns. The Central European Distribution Corp, the Polish vodka maker, has seen its share price value fall by as much as 58% in the NYSE because of concerns as to its ability to repay debts that would fall due next month.
Legal & Regulatory
Liquidation Plan for Dewey and LeBoeuf Approved
Dewey and LeBoeuf bankruptcy plan approved. A federal bankruptcy court ordered the approval of the liquidation plan for Dewey and LeBoeuf. This is a milestone for the closure of the collapsed law firm to pave the way for creditors to recover their losses.
Italy to Grant Monte dei Paschi's Bailout Request
Monte dei Paschi is seeking to be bailed out after failing to meet European requirements. Italy's Treasury is waiting for a deadline on March 1 to grant a state bailout worth $3.
European Regulators Block Ryanair's 3rd Takeover Bid for Irish Rival
The European antitrust regulators have reject the offer of Ryanair to acquire Aer Lingus. The European antitrust regulators have vetoed the third attempt of Ryanair to take over Aer ingus, saying that the Irish low-cost airline had not shown sufficient concessions to relieve issues on its monopoly on 46 routes.
THQ to Sell Properties via Bidding
THQ bankruptcy court to supervise asset sale. In an announcement, THQ Inc has announced that it would be selling its remaining intellectual properties through a Court supervised sale auction.
Latest News
The following are mergers under review by the European Commission on Monday. The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS - Private equity firm Triton to acquire Finnish grocery chain Suomen Lahikauppa from IK Investment Partners (approved Feb.
Greenlight Capital gets restraining order against Apple Inc. A US federal judge found credence to the arguments of hedge fund manager David Einhorn versus Apple Inc.
Vanderbilt settles with New Mexico on unjust enrichment investments. In a settlement agreement, Vanderbilt Capital Advisors LLC has entered into a settlement agreement to pay New Mexico US$24 million.
No one is safe without the numbers, message sent to industry by Heinz buyout. The buyout of H. J. Heinz by Warren Buffett's Berkshire Hathaway and others have placed many food executives of known brands properly warned that they either shape up or be shipped out.
Insider trading on Heinz shares prior to sale investigated by SEC and FBI. In an unprecedented move, Swiss authorities have committed to assist in the ongoing US investigation on insider trading of H.
India sends investigation team to Italy. Indian officials would be travelling to Italy to further investigate allegations of corruption and bribey allegations against Italian defense firm Finmeccanica.
