Just before announcing the deal, Mills completed a lengthy internal investigation into its accounting irregularities, stating it will
cut shareholder equity by as much as $ 352 million.
Mills just completed a lengthy internal investigation into its accounting irregularities earlier this month, stating it will
cut shareholder equity by as much as $ 352 million.
Not exact matches
Answer and solution: Term Sheet readers are aware that the private
equity industry is increasingly facing an inventory problem — viable targets are too expensive, activist
shareholders are forcing companies to do PE - style cost -
cutting while they're public, and corporate buyers have so much cash they can afford to pay high premiums.
United States private
equity firm Kohlberg Kravis Roberts is understood to have made fresh soundings to major institutional
shareholders in Treasury Wine Estates as the wine company prepares to
cut about 100 staff by June 30.
United States private
equity firm Kohlberg Kravis Roberts is understood to have made fresh soundings to major institutional
shareholders in Treasury Wine Estates as the wine company prepares to
cut about 100 staff.
There has been speculation that the company could
cut its
shareholder dividend, while Liberum Capital analyst Richard Knights has suggested BHP might look to raise as much as $ US10 billion ($ 14.3 billion) in new
equity capital.
Private
equity would also be interested, especially today, but
shareholders wouldn't be rewarded enough as private
equity would want the upside of the cost
cuts and restructuring.
Shareholders do not have mortgages, but pay on a
cut of the shares and earn
equity over the long term.