SINGAPORE (Reuters) – A minority investor in Samsung Electronics Co Ltd said on Thursday it supports proposals submitted by U.S. hedge fund Elliott Management for restructuring the South Korean technology giant to improve shareholder value. “We are supportive of restructuring and a higher dividend payout to unlock the value in the business (of Samsung) as…
When Ryuichi Isaka took over as chief executive of Seven & i in May and promised a revival plan in 100 days, he appeared to be in a sweet spot, having won the backing of US activist Daniel Loeb and survived a nasty boardroom spat. But investor hopes that he could produce a quick turnround…
The parent company of Maurices, the Duluth-based women’s apparel chain, unveiled a “major enterprise transformation plan” on Tuesday, though just one job was impacted in Duluth as a result, the company said. Ascena Retail Group Inc. said it was restructuring its business to save between $100 million and $150 million by 2019. The announcement comes…
Oct 5 Britain’s finance watchdog has received a long-delayed final report looking into alleged malpractice at Royal Bank of Scotland’s small business restructuring division, the regulator said on Wednesday. The Financial Conduct Authority said on its website it had received the report from Promontory Financial Group and Mazars, the consultancy and the accounting firm charged…
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com’s Dividend Insider Elite. Sign-up for a FREE trial here. The board of directors of Samsung Electronics Co., Ltd. was today sent a letter by Samsung Electronics shareholders Blake Capital LLC (“Blake“) and Potter Capital LLC (“Potter“),…
Arch Coal Inc. completed its financial restructuring and emerged from Chapter 11 bankruptcy. The Creve Coeur-based company said it is emerging with more than $300 million of cash on its balance sheet and a debt level of just $363 million. Arch said it has third-party surety bonds in place covering 100 of its reclamation bonding…
LONDON Britain’s finance watchdog has received a long-delayed final report looking into alleged malpractice at Royal Bank of Scotland’s (RBS.L) small business restructuring division, the regulator said on Wednesday. The Financial Conduct Authority said on its website it had received the report from Promontory Financial Group and Mazars, the consultancy and the accounting firm charged…
By Reuters Published: 20:58 +11:00, 5 October 2016 | Updated: 20:58 +11:00, 5 October 2016 e-mail LONDON, Oct 5 (Reuters) – Britain’s finance watchdog has received a long-delayed final report looking into alleged malpractice at Royal Bank of Scotland’s small business restructuring division, the regulator said on Wednesday. The Financial Conduct Authority said on its…
Taipei, Oct. 5 (CNA) Taiwanese carrier TransAsia Airways said Wednesday that it is expecting profits starting 2017 after a recent company restructuring, including suspending operation of a subsidiary carrier and seeing reduced insurance payments thanks to increasing safety performance. After the suspension of V Air, which ended services Oct. 1, TransAsia could avoid losses of…
BOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News: SoLocal Group (Paris:LOCAL): The report issued by Finexsi, who acted as an independent expert with the mission to provide a fairness opinion of the financial terms proposed to creditors of SoLocal Group concerning the financial restructuring plan of the Group (see press release of September 28, 2016) has been finalised and…