Turnaround Investing

Macy’s Ends Buyout Deal with Arkhouse, Brigade After Talks Deteriorate

The board of the department store Macy’s unanimously decided to terminate its negotiations with Arkhouse Management and Brigade Capital regarding the group’s proposal to acquire the retailer.

Investors look past Ukraine, focus on ECB

World markets advanced on Monday despite the conflict in Ukraine, focusing on whether the European Central Bank will announce plans for economic stimulus when it meets this week...

Blackrock raises stake in UK Internet media firm Blinkx to 13pct

New York, US-based investment management firm Blackrock raised its stake in UK-based Internet media firm Blinkx to 13% amid allegations that the latter was using adware to boost its revenues...

European film producers turning to crowdfunding, face different obstacles

Some European filmmakers that have turned to crowdfunding, which is still in its early stage in Europe, are facing a different set of challenges, Variety reported...

Latest News

Japan's Sharp Corp extends reforms with plans for asset sales
Sharp Corp President Kozo Takahashi said the Japanese company intends to sell plants and stock holdings as it extends the reforms it had started in 2013, Bloomberg reported.
Hedge funds eye troubled Australian mining and farming companies
International hedge funds are increasingly targetting troubled firms in Australia, from cotton or macadamia farms to cattle stations and vineyards, expecting a nascent distressed debt market to genera
Britain's Co-operative Bank completes £1B fundraising to finance its turnaround plan
Co-operative Bank and its parent Co-operative Group on Friday announced that it had successfully completed raising £1 billion for its rescue plan. The British bank with raise about £500 million more f
Darty exits Turkish business to stem losses
Darty, the third-largest electricals retailer in the European region, had agreed to sell Darty Turkey to eliminate losses in non-core markets. Darty has responded to weak consumer spending and competi
Banks sell Stemcor's loans to hedge funds-bankers
Lenders to troubled Stemcor, the world's largest steel trader, have been selling their exposure to hedge funds and distressed debt specialists before a key restructuring deadline on December 13, banki
Co-op Bank wins retail investor approval for rescue
Retail bondholders of Britain's Co-operative Bank have voted in favor of a restructuring to rescue the bank and proceed with its plan to fill a 1.5-billion-pound hole in its capital.
Bank of America Merrill Lynch leads in deals in India
Bank of America Merrill Lynch or BofAML has topped Citibank and Morgan Stanley in executing deals in India for the past 11 months, completing transactions worth USD 7.96 billion.
Top deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Tuesday.
Air France-KLM considers Alitalia too indebted-source
Air France-KLM considers Alitalia to have too much debt, and the likelihood of the Franco-Dutch airline taking part in a capital increase at the Italian carrier is "very low", a source close to the ma
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