Category: Deals

Delta Air Lines CEO expects positive cash flow by spring

(Reuters) – Delta Air Lines CEO Ed Bastian said in a memo on Friday that he continues to expect that the company will achieve positive cash flow by the spring. In his new year note to employees, Bastian said that company will likely “experience two distinct phases during the next 12 months.” The first phase […]

African free trade bloc opens for business, but challenges remain

JOHANNESBURG (Reuters) – African countries began officially trading under a new continent-wide free trade area on Friday, after months of delays caused by the global coronavirus pandemic. But experts view the New Year’s Day launch as largely symbolic with full implementation of the deal expected to take years. The African Continental Free Trade Area (AfCFTA) […]

Sunpower Group divests non-core business for 2.3b yuan in management buyout

SUNPOWER Group is divesting its manufacturing and services (M&S) business for 2.3 billion yuan (S$463.3 million), after which 1.3 billion yuan of the net proceeds will be used for a proposed special dividend amounting to 1.1627 yuan per share on a fully-diluted basis. The group announced on Thursday that it has agreed to fully sell […]

Ford, Mahindra call off auto joint venture

(Reuters) -Ford Motor Co said on Thursday it was calling off its automotive joint venture with India’s Mahindra and Mahindra Ltd due to the challenges caused by the COVID-19 pandemic. The companies said in separate statements that the decision was driven by changes in the global economy over the last 15 months, causing both to […]

Verizon, Hearst Television reach deal to avoid blackout in some U.S. markets

(Reuters) – Verizon Communications Inc said on Friday it has reached a distribution agreement with Hearst Television to avoid a New Year’s Day blackout of the broadcasting group’s channels on Verizon’s fiber-optic networks in U.S. markets including Boston and Baltimore. “Verizon Fios has been able to reach an agreement with Hearst Television,” a company representative […]

France will be vigilant on post Brexit deal implementation, minister says

CALAIS, France (Reuters) – France will be vigilant over the implementation of a post Brexit trade deal reached last week between Britain and the European Union, French European Affairs minister Clement Beaune said on Friday. “This deal begins its life today. It will last years, possibly decades. Our demand is that each party respect its […]

Here’s where to invest your money in 2021, financial advisors say

Key Points: Drugmakers Pfizer and BioNTech announced Monday that their Covid-19 vaccine is more than 90% effective, based on data from their drug trials. While there’s no certainty when it or another vaccine would be available, sectors like hospitality and travel are likely to benefit when consumers resume their pre-pandemic spending patterns. Don’t dismiss stocks […]

Thoma Bravo Announces Completion of Strategic Growth Investment in Venafi

Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sectors, today announced the completion of its strategic growth investment in Venafi, the inventor and leading provider of machine identity management. “We are thrilled to partner with Thoma Bravo at a time when companies around the world are realizing that […]

Priory rehab clinics sold to private equity firm for £1.1bn

Waterland deal will create one of world’s largest private mental health services providers The Priory rehabilitation clinic, favoured by celebrities trying to achieve sobriety or tranquillity, has been sold to a private equity firm for £1.08bn to create one of the world’s largest private mental health services providers. The famous Roehampton clinic in south London, […]

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