Global M&A dwindles as coronavirus batters world’s economies

Global M&A dwindles as coronavirus batters world’s economies

Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March, compounding a slow start to the year for dealmakers. Deal activity in the...
Austria’s AMS wraps up $1.8 billion share sale to fund Osram buy

Austria’s AMS wraps up $1.8 billion share sale to fund Osram buy

Austrian sensor maker AMS (AMS.VI) completed a 1.75 billion Swiss franc ($1.8 billion) rights issue on Tuesday which it needs to help finance its 4.6 billion euro ($5.1 billion) takeover of German lighting group Osram (OSRn.DE). AMS said that 62% of the new shares had...
SoftBank terminates $3 billion WeWork tender offer

SoftBank terminates $3 billion WeWork tender offer

SoftBank Group Corp (9984.T) said it has terminated a $3 billion tender offer for additional WeWork shares agreed last year with shareholders, including ousted co-founder Adam Neumann, drawing threats of legal action from other board members. SoftBank said in a...
Private equity firms continue to hire despite coronavirus crisis

Private equity firms continue to hire despite coronavirus crisis

There has been an increase in enquiries for people with restructuring skills, recruiters say Private equity firms are continuing with recruitment plans even as the coronavirus pandemic confines people to their homes, according to experts. There has been an increase in...
Private Equity Frets That It’s a Loser in $2 Trillion Virus Bill

Private Equity Frets That It’s a Loser in $2 Trillion Virus Bill

Private equity firms are working the phones in Washington to fix what they consider a major flaw in the coronavirus rescue bill: they fear that companies they own are largely ineligible for the billions of dollars in small business loans the U.S. is doling out to save...