Latest News for: Asset restructure

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Here’s why analyst Richard Bove thinks the return of ‘the Goldman Sachs of old’ is the right move

Market Watch 01 Dec 2023
Goldman Sachs has an opportunity to use its leading positions as a trading firm, asset manager and investment bank to help companies and countries restructure operations to survive, acquire and use new technologies, and operate across borders, Bove said ... KKR, -0.84% and Bayview Asset Management.
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Swedish property firms should cut debt, raise equity, Riksbank chief says

Reuters 01 Dec 2023
Thedeen said many companies in the commercial real estate sector needed to restructure their balance sheets. "It's about selling assets and paying off debt and it's about new (equity) issues and taking in more capital," he told a conference organised by Moody's on Sweden's commercial real estate sector ... Our Standards.
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Zipmex Wants to Pay Creditors 3.35 Cents Per Dollar for Their Claims: Report

CryptoPotato 30 Nov 2023
The troubled cryptocurrency exchange Zipmex has proposed repaying its creditors 3.35 cents per dollar for their initial claims as part of its restructuring efforts ... As expected, Zipmex’s major creditors are against the exchange’s proposal and have requested an independent review of its assets and liabilities.
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Exclusive: China Evergrande seeks to avoid liquidation with last-ditch debt plan

Reuters 30 Nov 2023
The developer was banned from issuing dollar bonds, a key part of the restructuring plan, and its flagship mainland unit was put under investigation by regulators ... In addition to shares of its two Hong Kong-listed units, this would include selling its onshore assets, which could face significant challenges, restructuring experts say.
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Explainer: Possible Evergrande liquidation order and what happens next

Reuters 30 Nov 2023
The defaulted company faces a Monday deadline to present a "concrete" revised debt restructuring proposal for offshore creditors ... The liquidators could propose a new debt restructuring plan to creditors if they determine the company had enough assets or if a white knight investor appeared.
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‘No question’ of need to restructure Peter McVerry Trust, says Minister Darragh O’Brien

The Irish Times 30 Nov 2023
Minister for Housing Darragh O’Brien has said there was “no question” that the Peter McVerry Trust would need to be restructured in the future, after the Government had to bailout the homelessness charity.
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FTX Authorized to Sell $837M in Grayscale and Bitwise Shares

Crypto Economy 30 Nov 2023
This decision marks another step forward in FTX’s restructuring, aiming to maximize the value of its assets while avoiding disruptions in the digital investment market. The company plans to sell assets from trusts linked to Bitwise and Grayscale Investments, with a combined value of $873 million.
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Fasset Secures VASP License in Dubai: A Milestone for Digital Asset Services

Cryptopolitan 30 Nov 2023
In a significant move for the digital asset sector, Fasset, a leading digital asset investment platform, has been granted a Virtual Asset Service Provider (VASP) license by the Dubai Virtual Asset Regulatory Authority (VARA) ... Dubai’s Growing Stature in the Digital Asset Domain.
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PagerDuty Announces Third Quarter Fiscal 2024 Financial Results

Enid News & Eagle 30 Nov 2023
PagerDuty defines non-GAAP gross profit as gross profit adjusted for stock-based compensation expense, employer taxes related to employee stock transactions, amortization of acquired intangible assets, and restructuring costs ... acquisition-related expenses, and restructuring costs.
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FTX wins approval to sell its Grayscale and Bitwise trust assets

Cryptopolitan 30 Nov 2023
FTX estate has received from a Delaware bankruptcy court to sell trust assets, including approximately $873 million worth of shares in Grayscale and Bitwise investment funds ... Galaxy’s role in managing the firm’s digital asset holdings positions the firm as a key player in the ongoing restructuring efforts.
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Marvell Technology, Inc. Reports Third Quarter of Fiscal Year 2024 Financial Results

Victoria Advocate 30 Nov 2023
Non-GAAP financial measures exclude the effect of stock-based compensation expense, amortization of the inventory fair value adjustment associated with acquisitions, amortization of acquired intangible assets, acquisition and divestiture-related costs, restructuring and other ...
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Disney is bringing back its dividend after cutting it at start of the pandemic

Market Watch 30 Nov 2023
Disney CEO Bob Iger walks back comments about asset sales. “This has been a year of important progress for the Walt Disney Company, defined by a strategic restructuring and a renewed focus on long-term growth,” ...
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Local companies as buyers, a positive sign for M&A market: forum

Vietnam News 30 Nov 2023
... over the assets of fellow local and foreign enterprises to enhance their own eco-systems.” ... Việt Nam’s M&A market is projected to remain lively, particularly amid a reduction in resources which is causing many firms to restructure, divest their assets and seek investment.
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Elastic Reports Second Quarter Fiscal 2024 Financial Results

Enid News & Eagle 30 Nov 2023
We define non-GAAP earnings per share as GAAP net loss per share, excluding stock-based compensation expense and related employer taxes, amortization of acquired intangible assets, acquisition-related expenses, restructuring and other related charges, and the tax effects related to the foregoing.
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Grayscale’s ETF prep: Optimizing operations for Bitcoin fund

Cryptopolitan 30 Nov 2023
Grayscale Revamps Fee Structures and Trust Agreements ... The second key update facilitates the merging of assets into an omnibus account ... By restructuring its fee system and streamlining asset management, Grayscale is not only preparing for the future but also setting a new standard in the cryptocurrency fund management space ... ....
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