DSV – near-$4bn Schenker boost update
Beauty and curse of M&A
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
NIKKEI ASIA reports:
The $20 billion buyout offer for Toshiba by CVC Capital Partners gives the Japanese conglomerate a chance to part ways with activist investors and focus on growth strategy. But the deal faces a number of hurdles involving investors, management and regulators.
Toshiba confirmed Wednesday that it received an “initial” proposal from the global private equity firm. “Discussions have only just begun,” a company executive said after a board meeting Wednesday morning.
CVC is aiming for a 30% premium to Toshiba’s share price, which would put the value of the deal at nearly 2.3 trillion yen ($20.9 billion) based on Tuesday’s close — a sizable investment that would be risky for CVC on its own. The firm is expected to recruit other investment funds to participate, and names such as KKR have been floated as potential candidates…
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