WeWork Co-Founder Neumann Prepared to Beat Any Bid by 10%: FT
WeWork co-founder Adam Neumann has made a fresh push to regain control of the company, FT reports, citing two unidentified people familiar with the matter.
Rite Aid Corp. is facing pushback from junior creditors to its proposal to pay its new CEO $20 million under its bankruptcy exit plan.
Seafood restaurant chain <-bsp-bb-link state="{"bbHref":"bbg://securities/1012751D%20US%20Equity","_id":"0000018e-ed6a-d583-afbf-effe8beb0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Red Lobster-bsp-bb-link> is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter.
Private equity-owned businesses accounted for a high number of bankruptcies in the health-care sector last year, and another wave of distress looms, according to a new report from an advocacy group that monitors the sector.
Failed crypto lender <-bsp-bb-link state="{"bbHref":"bbg://securities/2221345D%20US%20Equity","_id":"0000018e-e811-d583-afbf-eaddd6b00000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Genesis Global Capital-bsp-bb-link> won bankruptcy court approval on a pact with <-bsp-bb-link state="{"bbHref":"bbg://securities/1732972D%20US%20Equity","_id":"0000018e-e811-d583-afbf-eaddd6b00001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Gemini Trust Co.-bsp-bb-link> that resolves litigation between the companies and opens a path to freeing Earn program customers’ digital assets in the coming months.
Former bankruptcy Judge David R. Jones, Kirkland & Ellis LLP, and Jackson Walker LLP are likely to be hit with another lawsuit related to the previously undisclosed romantic relationship between Jones and a onetime Jackson Walker attorney.
WeWork co-founder Adam Neumann has made a fresh push to regain control of the company, FT reports, citing two unidentified people familiar with the matter.
Warren Buffett’s <-bsp-bb-link state="{"bbHref":"bbg://securities/BRK%7CA%20US%20Equity/RELS","_id":"0000018e-ef2b-d583-afbf-efff54930000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Berkshire Hathaway Inc.-bsp-bb-link> priced ¥263.3 billion ($1.71 billion) of bonds in the firm’s largest yen debt deal since its debut sale in the currency in 2019, raising bets it may boost holdings of Japanese stocks.
Argentina’s Economy Minister <-bsp-person state="{"_id":"0000018e-eeab-d583-afbf-eeff070e0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Luis Caputo-bsp-person>told investors that President <-bsp-person state="{"_id":"0000018e-eeab-d583-afbf-eeff070e0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Javier Milei-bsp-person> is committed to a dramatic fiscal adjustment, helping fuel a rally in the nation’s bonds late on Wednesday.
President
23andMe Holding shares rose as much as 9.5% in extended trading after CEO Anne Wojcicki reported that she’s considering making a proposal to acquire the company in a potential go-private transaction.
Report lays out comprehensive timeline of events for Aug. 8-9 fire that destroyed historic town on Maui island.
<-bsp-bb-link state="{"bbHref":"bbg://securities/1721615D%20US%20Equity","_id":"0000018e-ee0a-d583-afbf-eedec4440000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Diamond Sports Group-bsp-bb-link> will hold a creditor vote on a bankruptcy-exit plan backed by Amazon.com Inc. while the broadcaster tries to negotiate new television deals with two major US sports leagues.
<-bsp-bb-link state="{"bbHref":"bbg://securities/9990531D%20US%20Equity","_id":"0000018e-edf8-d583-afbf-effc73d50000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">KKR & Co.-bsp-bb-link> is preparing to refinance more than $4 billion of debt of medical transport provider <-bsp-bb-link state="{"bbHref":"bbg://securities/1677266D%20US%20Equity","_id":"0000018e-edf8-d583-afbf-effc73d50001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Global Medical Response Inc.-bsp-bb-link> by persuading creditors to accept longer-dated debt and by issuing new preferred stock, according to a person familiar with the arrangements.
NanoString Technologies says that following completion of the deal its business operations will no longer be the subject of a chapter 11 proceeding, according to a statement.
Plaintiffs fighting Trane Technologies Plc’s attempt to use bankruptcy to resolve asbestos liabilities lost their bid for a fast-tracked appeal challenging the legality of the maneuver.
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