When an asset has a positive tax basis, that tax basis amount will be deducted from the
proceeds of any asset sale, before determining any taxes that might be due.
The downward trend in production has been going on for several years, both
because of asset sales and because of capital expenditure constraints.
Agreement among the approximately two dozen creditors on final
distribution of the asset sales could well be contentious; there's a lot more owed than the combined newspapers and real estate will fetch.
In fact, there may be possibility that you'll owe tax on the gains that are distributed to you and other shareholders as a
result of an asset sale.
«To us, [the iNova bids are] another disappointment in what was promised to be $ 8 billion
worth of asset sales that so far has only been approximately $ 2 billion,» writes Wells Fargo's David Maris in a note.
Talisman Energy's unaudited 2012 financials, released in February, reveal a still - troubled company, profitable only by
virtue of asset sales.
Not only will Sokoni provide a marketplace for buyers and sellers, it will enhance the speed and
efficiency of asset sales and capital raises by using technology to facilitate the work of those looking to finance African infrastructure assets, as well as potential donors and global capital providers interested in investing in Africa.
Consequently, the
separation of the asset sales and the proceeds distribution simplifies the question of who will own the Register and the Press - Enterprise?
HONG KONG (Reuters)- Dalian Wanda Group has agreed to sell its interests in the high - profile London luxury development project, One Nine Elms, for 59 million pounds ($ 81 million), the latest in a
string of asset sales that underscore financial strains hitting the Chinese conglomerate.
Upon filing the case, the company sought
approval of an asset sale process pursuant to which Standard General would act as stalking horse and be permitted to credit bid its portion of the secured debt owed by the company under the 2013 credit agreement.
«The increase in valuation reflects the growing
number of asset sales such as Queensland Investment Corporation's purchase of the North Australian Pastoral Company.
Murray Goulburn said the successful
completion of the asset sale remains its primary focus and it is working with Saputo and the ACCC to be able to achieve completion.
The Board of Directors had previously considered that possibility, but had determined that presenting the dissolution proposal at the same time as the asset sale proposal would add a significant amount of complexity and risk stockholder
consideration of the asset sale.
Successfully represented acquirer in an asset sale against the seller for breach of the representations and warranties about the condition of the assets
Led US team representing insolvency estates of former Nortel EMEA entities in connection with US bankruptcy proceedings and asset sales, including conduct of unprecedented simultaneous cross-border trial by video link (Delaware / Toronto) regarding the division of $ 7 billion in proceeds
of asset sales among the US, Canadian and EMEA Nortel estates
Orrick's ERISA and Benefits Litigation lawyers counsel clients on withdrawal liability exposure in multiemployer pension plans and on the
effects of asset sales and corporate transactions on potential withdrawal liability.
To maintain the extension, Centro will have to meet three additional conditions by Sept. 30, including satisfying its lenders that it is executing a viable strategic plan, getting the U.S. - based lenders on the New Plan merger, owed $ 1.1 billion in September, to sign off on the extension and having all of its lenders agree to the
terms of any asset sale.
In December, Crown announced about $ 700 million
worth of asset sales, including land in Las Vegas once earmarked for a major casino project and the sale of its $ 150 million stake in corporate bookmaker CrownBet that was finalised earlier this month.
Although the yield may jump around a bit (12.5 % at present) and is contingent on the
timing of asset sales, we expect investors to receive a hefty high single - digit to low double - digit return for quite some time.
In April 2015, FDI agreed to the sale of its assets and instructed its employees that,
because of the asset sale, their employment would terminate on August 4, 2015.
In the second scheme, Black Elk was accused of running a $ 50 million bond fraud, in which it diverted
proceeds of asset sales to Platinum, though bondholders had priority.
As
neither of the asset sales had been consummated or were projected to be consummated imminently, the board instructed management to prepare a plan of dissolution in conjunction with the outside counsel for review and consideration at the next board meeting.