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The Food and Drug Administration sounded an alarm Thursday about certain drug-coated stents and balloons used to treat coronary and peripheral artery disease.
On a per-share basis, the Veldhoven, Netherlands-based company said it had net income of $2.12. The equipment supplier to semiconductor makers posted revenue of $3.59 billion in the period. For the year, ...
A corner of the market for initial public offerings (IPO) is evading the freeze on stock market flotations inflicted by the U.S. government shutdown, putting the spotlight on listings that usually stay under most investors' radar. "Blank-check" companies, which launch IPOs to raise money for acquisitions, are taking advantage of their unique structure to proceed without the approval of the Securities and Exchange Commission (SEC), which has been paralyzed by the longest government shutdown in U.S. history. With other stock market debuts on hold while the SEC remains largely closed, this is enabling these companies, also known as special purpose acquisition vehicles (SPACs), to have the IPO limelight all to themselves.
Blackstone has agreed new long-term leases with the operators of seven Center Parcs Europe holiday resorts in a move seen as preparing the real estate portfolio for a potential sale. The US group will ...
PLC, one of Europe’s biggest packaging companies, for £3.32 billion ($4.3 billion), the latest sign that U.S. buyout firms remain undeterred by uncertainty over Brexit when investing in U.K. companies. The Wall Street Journal reported Monday that Apollo and RPC were near a deal. Apollo is paying £7.82 for each RPC share, a 6.5% premium to RPC’s closing stock price Tuesday, and the companies noted that the offer won’t be increased.
The acquisition highlights how the sector's reliable cashflow, driven by demand from online shopping, is proving attractive to private equity firms, as well as a spate of takeovers by bigger packaging players. RPC, Europe's biggest plastic packaging maker, makes a range of products including packaging for beverages, coffee capsules and healthcare products. Apollo's offer of 782 pence per share represents a premium of 15.6 percent to RPC's closing price on Sept. 7, the last trading day before the offer period began.
Sony will re-domicile the European headquarters of its consumer electronics business from the UK to the Netherlands, citing the risk of Brexit upheaval. The group’s decision comes as Japanese companies ...
RPC shareholders will receive 782 pence a share in cash and be entitled to get the previously announced dividend of 8.1 pence a share under the terms of the offer, the U.K. company said. Apollo’s bid is final and won’t be increased, RPC said. RPC said it accepted the offer because it is mindful of the risks to the business posed by the current political and macro-economic environment and because its share price had for some time undervalued the performance and prospects of the business.
RPC shareholders will receive 782p for each share in cash, a 15.6 per cent premium from the closing price on September 7 of 683.6p, the last day before the talks were confirmed. The final offer represents a 7.6 per cent premium from RPC’s closing price on Tuesday and will not be increased. “The offer recognises the quality of RPC’s businesses and the strength of their future prospects,” said James Pike, chairman of the packaging group, who along with other board members recommended the bid.
RPC Group said on Wednesday Apollo Global Management agreed to buy Europe's biggest plastics packaging maker for 3.3 billion pounds ($4.28 billion) in cash, ending months of negotiations. The per-share offer of 782 pence represents a premium of 15.6 percent to RPC's closing price of 683.6 pence on Sept. 7, the last trading day before the offer period began. RPC said the company's directors intend to recommend the deal to its shareholders.
FT premium subscribers can click here to receive Due Diligence every day by email. For months analysts worried that what would scupper the acquisition of Arconic by private equity Apollo Global Management were the potential liabilities related to the US metals company’s flammable cladding panels, which were linked to the deadly Grenfell Tower fire in the UK. Instead DD found out that what made the deal collapse was a last-minute dispute over hundreds of millions of dollars needed to cover pension obligations owed to the US manufacturer’s retirees.
The $15bn buyout of Arconic by Apollo Global Management fell apart due to a last-minute dispute over hundreds of millions of dollars needed to cover pension obligations owed to the US manufacturer’s ...
In the bowels of a building at Philips’ research and development centre in Eindhoven in the Netherlands, the hospital of the future is taking shape. A hospital bed sits under a specially-installed canopy-style ceiling which changes colour, simulating an “accelerated sunrise” that will bring a post-operative patient gently back to wakefulness in the morning, explains Gaby Meekes, chief technology officer at VitalMinds, which she describes as a “start-up within Philips”.