The potential deal is likely to be structured using Reverse Morris Trust – a tax-efficient way that companies typically use to sell of large assets. The potential deal is likely to be announced in the coming days. As per a… Read More ›
ownership
Carlyle Group LP close to purchasing aviation services firm StandardAero from Veritas Capital
The private equity firm is close to acquiring StandardAero for more than $5 billion; once the deal is finalized an announcement is likely to be made as early as later this week. As per sources familiar with the matter at… Read More ›
Hyundai Motor Co to spend $228.3 million for repurchase of shares
The Elliot Management-backed move, will boost shareholder’s return. The buyback will include common and preferred stocks. On Friday, Hyundai Motor Co stated, it would spend $228.3 million (255 billion won) to buyback its common and preferred stocks so as to… Read More ›
Brookfield Property Partners LP pursuing mall owner GGP Inc with improved offer
A deal would enable the firm to have enough financial and market clout to take on e-commerce giants such as Amazon.com As per sources, GGP Inc, one of the largest owners and operators of U.S. shopping centers, has rejected a… Read More ›
Berkshire Hathaway Inc buys 38.6% stake in Pilot Flying J
Pilot Flying J is one of the largest truck stop operators in the U.S. On Tuesday, Warren Buffett’s Berkshire Hathaway Inc stated it is buying a 38.6% stake in Pilot Flying J, one of the largest truck stops operators in… Read More ›
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