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Private equity company Apollo Global Management is in advanced talks to buy Europe's biggest plastics packaging maker RPC Group for more than $3.8 billion, the Wall Street Journal reported on Monday. RPC on Friday extended the deadline to Jan, 23 for Apollo to make a firm offer or walk away. Citing people familiar with the matter, the Journal said that a deal could be announced as soon as Tuesday.
RPC on Friday extended the deadline to Jan, 23 for Apollo to make a firm offer or walk away. Private equity has long been attracted to the sector's reliable cash flow and growing demand from online shopping, with a spate of takeovers by bigger packaging players further spurring their interest. RPC, which operates in 34 countries, on Monday had a market capitalization of 3.26 billion pounds ($4.2 billion).
A deal could be announced as soon as Tuesday, marking the culmination of a protracted negotiation against the backdrop of mounting uncertainty over divorce talks between the European Union and the U.K., where RPC is based. Some bankers have suggested that political uncertainty and the resultant stock and currency-market volatility could crimp deal-making in the U.K., making it trickier for buyers and sellers to agree on a sale price. Earlier this month, buyout firm Clayton Dubilier & Riceagreed to purchase a majority of U.K. catering operator WSH Investments Ltd. for $1 billion, including debt.
Alicia Tillman has been chief marketing officer (CMO) at technology firm SAP for just over a year and this week she will attend the World Economic Forum (WEF) meeting in Davos for the first time, joining senior marketers from companies including Microsoft, AT&T, Unilever, Dell and Google.
Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?(Continued from Prior Part)Analyst sentiment Many analysts turned positive on Cleveland-Cliffs (CLF) stock in 2018. While at the beginning of March 2018, only 30% of the analysts
Rangebound price action to continue during American market hours amid thin trading volume as US market is closed for the day.
The Zacks Analyst Blog Highlights: Facebook, Madison Square Garden, MGM Resorts International, International Game Technology and Boyd Gaming
Stanley Black & Decker: What to Expect from Its Q4 Earnings(Continued from Prior Part)Analysts’ recommendations The number of analysts following Stanley Black & Decker (SWK) has remained consistent in the past six months. Currently, 21
Vodafone (VOD) aims to accelerate business service revenues, which currently account for 30% of its total revenues, by uniting fixed-line and mobile services with latest technology.
Medic chuckled as he recounted the moment. Three hours earlier, at least four gunmen and a suicide bomber had stormed 14 Riverside Drive, a leafy office, restaurant and hotel complex in the heart of Kenya's capital, kicking off a 20-hour siege in which 21 people were killed. At 3.39 p.m. (1339 GMT), Medic, the 56-year-old Swiss founder of a private security firm, was on his way home from work in a taxi when he saw injured people being carried along the side of the road.
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is that there are more than a few examples Read More...
The debt from the world’s biggest oil-exporting nation along with Qatar, the United Arab Emirates, Bahrain and Kuwait will represent about 11.8 percent of the EMBI Global Diversified Index and 12 percent of the EMBI Global beginning Jan. 31, according to JPMorgan. "This provides more technical support to bond issuance for sovereigns in the region," said Shamaila Khan, the director of emerging-market debt at AllianceBernstein in New York. The risk return profiles in Saudi Arabia, Qatar, the U.A.E. and Bahrain look attractive, she said.
Pop singer R. Kelly and Sony Corp.’s RCA Records label are parting ways, amid renewed scrutiny of sexual-abuse allegations against the R&B artist. The split comes a week after a six-part Lifetime documentary series, “Surviving R. Kelly,” sparked a public campaign for the label to drop the 52-year-old singer. Mr. Kelly has been removed from RCA’s roster, according to a person familiar with the matter, and is no longer listed as an artist on the website for the label.
Sony's venture capital arm has invested in what3words, the startup that has divided the entire world into 57 trillion 3-by-3 meter squares and assigned a three-word address to each one. Financial details were not disclosed. The ability to integrate what3words into voice assistants is what has piqued the interest and investment from Sony and others.
R. Kelly has been dropped by Sony Music, according to Variety and Billboard. The news comes after Lifetime's documentary series "Surviving R. Kelly" premiered last week, in which several women accuse the singer of sexual misconduct.
U.K. plastics company RPC Group PLC first confirmed it was in talks with Apollo Global Management over a sale in September.
The price of power in 2021 in New York City and other regions surged more than 30 percent beginning in May. The only major difference between then and now: a pending state rule to limit power-plant emissions that was designed to eliminate coal-burning power plants by the end of 2020. Governor Andrew Cuomo has set a target of getting half of New York’s electricity from renewable sources by 2030, and this is the first time a state has targeted coal by using its regulatory authority to limit carbon emissions.
Can Cleveland-Cliffs Stock Continue Outperforming Peers in 2019?(Continued from Prior Part)US steel productionDomestic steel production is one of the major demand drivers for Cleveland-Cliffs’ (CLF) iron ore pellets. Therefore, in this part,