Sports Direct offered to give Debenhams a 150m cash injection over the weekend as Mike Ashley made a last-ditch attempt to take control of the embattled retailer and prevent it from entering a pre-pack administration. On Friday night the retail tycoon sent a letter to the board of Debenhams offering to underwrite 150m of new…
BERLIN (Reuters) – Software company SAP said the head of its cloud business group had quit, the latest in a string of top departures as Europes most valuable technology company reshapes its operations. FILE PHOTO: SAP logo at SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski Robert Enslin, who joined SAP in 1992…
WASHINGTON–(BUSINESS WIRE)–Apr 5, 2019–The National Energy Marketers Association (NEM) will convene its 22nd Annual National Energy Restructuring Conference on April 10-12, 2019, at the Hyatt Regency Capitol Hill Hotel in Washington, DC. Participants will include federal and state energy policy officials as well as energy and technology industry leaders. Topics of discussion will include: 2019…
Farmers harvest sugarcane in the southern province of Sc Trng. VNA/VNS Photo Trung Hiu H NI The domestic sugar industry should restructure all stages of its production process towards diversifying products to improve competitiveness, according to the Ministry of Agriculture and Rural Development. At a meeting between the ministry and the…
by Valerie Jones | Rigzone Staff | Thursday, April 04, 2019 Austin, TX-based independent energy company has entered a restructuring agreement with plans to officially file for bankruptcy later this month. U.S. independent Jones Energy, Inc. entered into a restructuring support agreement (RSA) on Tuesday, the company announced. The RSA contemplates a comprehensive balance sheet…
AUSTIN, Texas, April 03, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTCQX: JONE) (Jones Energy or the Company) today announced that, after engaging in extensive, arms-length, good-faith negotiations, it and holders of approximately 84% in principal of the First Lien Notes and approximately 84% in principal of the Unsecured Notes entered into a restructuring support…
Trade union Prospect has hit out at BTs drawn out plans to cut 13,000 staff as part of a restructuring plans to cut 1.5 billion a year from the spreadsheets. Holding an open ballot to measure the reception of BTs People Framework, the proposed organizational structure following the restructure, BT employees represented by Prospect have…
Xiaomi is one of the few manufacturers with its own in-house semiconductor business. The wholly-owned Songguo Electronics is best known for its Surge S1 chip which powers the Mi 5C. Latest reports say Xiaomi has restructured the business and has even formed another company too. According to an internal memo, the restructuring has led to…
Endologix, Inc. (Nasdaq: ELGX) (the Company), a developer and marketer of innovative treatments for aortic disorders, today announced that it has entered into a definitive agreement to raise approximately $52 million gross cash proceeds through the issuance of approximately 7.9 million new shares of the Companys common stock at a purchase price of $6.61 per…
Five Star Senior Living Inc. (Nasdaq: FVE), or Five Star, today announced that it has entered into a definitive agreement to modify its existing business arrangements with Senior Housing Properties Trust (Nasdaq: SNH). Five Star expects its current financial position and near-term liquidity challenges will be immediately improved because of the transaction. Key features of…