One of the biggest changes in the shale industry since the last bust: Private equity is trying to get out of the game, not in. Even before crude prices fell off a cliff, the creation of new funds to invest in oil and gas had dwindled. Now, with demand down and output...
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...
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 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...
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... 