HeliRy/E+ via Getty Images Saltchuk Resources said Wednesday it has completed its takeover of Overseas Shipholding Group (NYSE:OSG), acquiring all shares not already owned for $8.50/share in cash at an enterprise value of ~$950M. Overseas Shipholding (OSG), a provider of liquid bulk transportation services for crude oil and petroleum products,Continue Reading
RiverNorthPhotography HBC confirmed on Friday that will it acquire Neiman Marcus Group for $2.65 billion. The combination of Neiman Marcus with the company that already owns Saks Fith Avenue is expected to fuel growth and benefit customers, brands, and employees by meeting the increasing demands of the rapidly evolving luxuryContinue Reading
Roman Tiraspolsky/iStock Editorial via Getty Images Digital media company BuzzFeed (NASDAQ:BZFD) confirms Q2 outlook, expects revenue in the range of $44M to $49M, or ~21% to 30% lower than previous year. Adjusted EBITDA expected range of $4M in losses to $1M in profits, approximately flat year-over-year at the midpoint. Source: FormContinue Reading
lyash01/iStock via Getty Images SFL Corp. (NYSE:SFL) +1.7% in Wednesday’s trading after saying it ordered five 16,800 TEU container vessels at a total construction cost of ~$1B, with scheduled delivery in 2008. John Fredriksen’s sale and leaseback shipping company also agreed to minimum 10-year time charters to “a leading linerContinue Reading
Faiz Dila/iStock via Getty Images Billionaire Xavier Niel offered to acquire Millicom International Cellular (NASDAQ:TIGO) in a transaction that values the Latin American carrier at about $4 billion. Niel’s Atlas Luxco offered to pay $24 a share in cash for Millicom, according to a statement earlier Monday. Shares of MillicomContinue Reading
Capital markets operation teams face numerous challenges throughout the post-trade lifecycle, including delays in trade settlements, booking errors, and inaccurate regulatory reporting. For derivative trades, it’s even more challenging. The timely settlement of derivative trades is an onerous task. This is because trades involve different counterparties and there is aContinue Reading
