Bankruptcy becomes an increasingly common “exit.” And the pension obligations?
Micro Focus plunges 46% today, six months after its $8.8 billion acquisition of Hewlett Packard Enterprise.
Even bigger loss than reported 6 weeks ago, cost cuts abandoned, bonuses quadrupled.
iHeartMedia finally files for bankruptcy, whole sector under pressure.
“Any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited.”
And why his “recent drought of acquisitions” is likely to continue.
The bailed-out megabank hasn’t had a single year in the black since 2007.
Black Friday for them. Meet the OTC’s “skull and crossbones.”
Is the private equity tail wagging the public infrastructure dog?
Barclays faces a criminal trial in the UK. Last week it was RBS.