SDLP – Seadrill Limited Restructuring Update – GlobeNewswire (press release)

Restructuring

September 12, 2017 18:44 ET | Source: Seadrill Partners LLC London, United Kingdom, September 12, 2017 – Seadrill Partners LLC (“Seadrill Partners” or the “Company”) announces today that the Company’s largest shareholder, Seadrill Limited (“Seadrill”), has entered into a restructuring agreement with secured lenders, bo… Read the full article at: https://globenewswire.com/news-release/2017/09/12/1118428/0/en/SDLP-Seadrill-Limited-Restructuring-Update.html

The Australian government wants to introduce director identification numbers to prevent phoenix companies – Business Insider

Restructuring

Members of boards of directors will now have to have unique director identification numbers as a way of combating phoenix companies where businesses are sent broke but their assets rise again in another company. The federal government says illegal phoenixing costs the economy up to $3.2 billion a year. Among the latest measures are making…

Wal-Mart restructures US operations to speed change – Business Insider

Restructuring

A family shops at the Wal-Mart Supercenter in SpringdaleThomson Reuters CHICAGO (Reuters) – Wal-Mart Stores Inc is restructuring its U.S. store operations and will consolidate its business divisions from six to four, the company said on Tuesday. “Our last field restructure was several years ago and our business has changed over that time,” the company…

CT tells relocating Alexion to give back $26M in incentives – Hartford Business

Restructuring

September 12, 2017 In the wake of Alexion Pharmaceutical’s announcement it will move its New Haven headquarters to Boston, state officials said Tuesday they want back more than $26 million in incentives Alexion received from Gov. Dannel P. Malloy’s First Five Plus economic incentive program. The incentives included a $20 million loan and $6 million…

Alexion Announces Restructuring to Advance Corporate Strategy – Business Wire (press release)

Restructuring

NEW HAVEN, Conn.–(BUSINESS WIRE)–Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) today announced an operational plan to re-align the global organization with its refocused corporate strategy. The plan is expected to deliver approximately $270 million in GAAP and approximately $250 million in non-GAAP pre-tax savings annually by 2019. The restructuring will reduce the Companys global workforce by approximately 20%.…

Kaman’s Aerosystems Restructuring to Lower Costs From 2019 – Nasdaq

Restructuring

Kaman Corporation KAMN recently announced a plan to restructure its Aerosystems business, for improving profitability. The move is in sync with the company’s existing initiatives to strengthen the Aerosystems business’ capacity utilization and operating efficiency. The company, reportedly, operates under two segments, namely, Distribution and Aerospace. The Aerospace business has exhibited steady growth over time,…

Mueller Water Products Announces Strategic Reorganization and Restructuring to Drive Innovation, Accelerate Growth … – Markets Insider

Restructuring

Projected Annual Cost Savings of Approximately $7 million from Restructuring Changes to Leadership Team Announced ATLANTA, Sept. 07, 2017 (GLOBE NEWSWIRE) — Mueller Water Products, Inc. (NYSE:MWA) today announced its strategic reorganization plan designed to accelerate its product innovation and revenue growth. The plan re-configures the Companys divisional structure around products, with five business teams that…

India: Ruchi Soya forms team to explore business restructuring options – DEALSTREETASIA

Restructuring

September 7, 2017 The board of edible oil maker Ruchi Soya Industries Ltd has set up a committee to explore business restructuring options, the company said in a statement. Ruchi Soya is considering internal restructuring options including creating subsidiaries for individual businesses within the company, and separating businesses into individual entities, the company said in…

Kaman Announces Restructuring Plan – Business Wire (press release)

Restructuring

BLOOMFIELD, Conn.–(BUSINESS WIRE)–Kaman Corporation (NYSE:KAMN) today announced a restructuring plan resulting from its ongoing effort to improve capacity utilization and operating efficiency to better position the Companys Aerosystems business for increased profitability and growth. The restructuring primarily affects the Aerospace segments Connecticut Composite Structures division in Bloomfield, Connecticut, and its fabricated products operations in Hyde,…