Tata Steel group executive director Koushik Chatterjee played a key role in negotiating the pension deal that was signed on Friday. As part of the arrangement, the deal will impact 125,000 members of the pension scheme. Chatterjee said the agreement ends months of negotiations and brings finality to Tata Steel’s year-and-a-half long UK business restructuring…
Houlihan Lokey On of the biggest challenges for Scott Beiser, the CEO of $2.4 billion boutique global investment bank Houlihan Lokey, is making sure the company’s employees stay engaged and energized. The firm which specializes in corporate finance business, restructuring, and financial advisory services has grown significantly since it went public two years ago, boosting revenue…
NEW YORK (GenomeWeb) NantHealth on Thursday announced it is laying off about 300 employees as part of a restructuring of its business. The firm also reported a 17 percent drop-off year over year in revenues for the second quarter. In a statement, the company said that the restructuring follows “a series of methodically analyzed actions,…
Peregrine Pharmaceuticals said today it will eliminate 20% of its workforce60 jobsin a restructuring designed to cut costs and position the company for profitability while it continues to assess strategic options for its R&D operations. Peregrine halved its R&D staff, leaving it with 11 employees who will support potential strategic alternatives for its R&D operations…
[HONG KONG] Noble Group Ltd’s rising debt load is adding to speculation that it will need to restructure its obligations, even after the embattled commodity trader obtained a crucial covenant waiver that buys it more time. “Noble’s current capital structure is not sustainable,” said Annisa Lee, head of Asia ex-Japan flow credit analysis at Nomura…
HONG KONG, Aug. 10, 2017 (GLOBE NEWSWIRE) — Sino Green Land Corp (OTCQB:SGLA) (the “Company” or “SGLA”), today announced a series of senior management appointments to more effectively manage the business and drive global growth. Mr Xiong Luo was resigned the Company’s President, CEO and director. Mr Tsang Shui Sang was appointed as…
Lexington, Ky.-based Lexmark has announced that it will slash 700 jobs about seven percent of its workforce as part of a global restructuring program. The restructuring follows the sale of Lexmarks enterprise software business, including Perceptive, Kofax and ReadSoft to Thoma Bravo last May. Hyland Software, a subsidiary of Thoma Bravo, then bought Perceptive after…
By Bhuma Shrivastava, P R Sanjai and George Smith Alexander Nearly six months after his turbulent elevation to run Indias biggest conglomerate, Natarajan Chandrasekaran is assembling a team of dealmakers to refocus some of the groups biggest businesses, expand its financial services and consumer businesses and sell or merge dozens of smaller units, according to…
LAFAYETTE, La.–(BUSINESS WIRE)–Knight Energy Holdings, LLC (Knight or the Company) and its operating affiliates announced today that they have signed a Restructuring Support Agreement (RSA) with certain debt holders representing over 87% of the Companys Senior Secured Credit Facility due 2018 in conjunction with its voluntary filing of a pre-negotiated Chapter 11 petition today in…
Still grappling with its towering debt, Valeant Pharmaceuticals International Inc. on Tuesday focused on promoting several new consumer health products that the company hopes will reinvigorate its shrunken cash flows. Management at the Laval, Quebec-based company have been undergoing a dramatic restructuring of the company following a product pricing scandal, selling billions in assets and…