These are interesting times for Irish books retailer Eason, which this week asked the High Court to formally approve its plan to pay a 60 million special dividend to shareholders. The grand old retailers plan is to free up close to 100 million in capital by completing the sell-off of a 13-strong portfolio of properties,…
PG&E is restructuring its board following the deadly wildfires that caused severe and extensive damage in California last year. The company, which is Californias biggest utility, expects just five out of 10 of its current directors to stand for re-election at an annual shareholder meeting scheduled for May 21, the Associated Press reports. We fully…
Avadel Pharmaceuticals PLC. (NASDAQ:AVDL) lost 10.67% in the previous trading session here is the reason why the stock is hitting new lows. The pharmaceutical company has also set records right regarding its corporate restructuring activities, which have been under massive speculation. According to the companys interim Chief Executive Officer, Greg Divis, the restructuring will…
Arconic Inc., headquartered in New York City, has reported its financial results for the fourth quarter and full year of 2018 and announced a restructuring of the company into two separate firms. After a rigorous and comprehensive process, we did not receive a proposal for a full-company transaction that we believe was in the best…
Arconic Inc., headquartered in New York City, has reported its financial results for the fourth quarter and full year of 2018 and announced a restructuring of the company into two separate firms. After a rigorous and comprehensive process, we did not receive a proposal for a full-company transaction that we believe was in the best…
LAFAYETTE, La., Feb. 11, 2019 (GLOBE NEWSWIRE) — PetroQuest Energy, Inc. today announced that the conditions to effectiveness of the Companys Chapter 11 Plan of Reorganization, which was confirmed by the United States Bankruptcy Court for the Southern District of Texas on January 31, 2019, have been satisfied and the Company has emerged from bankruptcy.…
UK-BASED automotive importer and distributor Inchcape is assessing the possibility of taking over GM Holdens operations in Australia, according to a report in the Australian Financial Review. The report says that Inchcape Australia is gauging the commitment of GMs Australian operation as a full-time importer, following its switch from being a local manufacturer in October…
Paperchase is in talks with landlords about a store restructuring plan to reduce its shop bills by linking rent to store turnover. The greeting cards retailer is proposing a new style of company voluntary arrangement (CVA) to its landlords, which it hopes would avoid drastic store closures but give the business more headroom by reducing…
An Post is planning a 5 million refresh of its brand to make it more relevant in the digital age. The wavy lines which represent a franking mark on a letter that have featured since the An Post brand first appeared in 1984 have gone and been replaced with a mobius symbol incorporated into the…
FULLBEAUTY Brands Holdings has completed a financial restructuring to emerge from chapter 11 bankruptcy with around $35m in new financing. The company has cleared approximately $900m of debt during the bankruptcy process. In January 2019, the fashion brand signed a comprehensive restructuring support agreement with its key stakeholders, including equity sponsors Apax Partners and Charlesbank…