Red Lobster, P.F. Chang’s, and the perils of owning food businesses in the age of Covid-19. Private equity-owned restaurant chain Red Lobster has posted an “coronavirus alert” on its website informing customers how dramatically its operations have changed in a short...
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... 