FORT WASHINGTON, Pa., Feb. 9, 2018 /PRNewswire/ — Walter Investment Management Corp. (NYSE: WAC.BC) today announced that it successfully completed its financial restructuring plan and emerged from Chapter 11 under the name Ditech Holding Corporation (“Ditech Holding” or the “Company”). Trading in Ditech Holding’s new common stock is expected to commence on February 12, 2018 under…
ZAGREB, February 9, 2018 – The association of minority shareholders in the ailing Agrokor food conglomerate on Friday presented a draft settlement plan for Agrokor d.d. which, among other things, recommends the restructuring of only those companies with negative capital, that is, the conglomerate’s core businesses, Agrokor d.d. and the Konzum supermarket chain. “We recommend…
Indiabulls Real Estate (IBR) share price is up 8.8% ahead of its board meeting to consider restructuring of its residential and commercial & leasing businesses. The commercial & leasing business has a total 9.1mn sq.ft of leasable area. Out of which 5.2mn sq.ft is completed and 3.9mn sq.ft is under construction & planning/approval phase. The…
SINGAPORE – Noble Group’s major shareholder Goldilocks Investment Company is calling on Noble’s stakeholders to collectively oppose the commodity trader’s approach to its restructuring plans. Goldilocks issued that statement on Friday (Feb 9), following Noble’s Feb 5 rejection of its request to be released from non-disclosure arrangements surrounding discussions on Goldilocks’ demands for two board…
Indiabulls Real Estate share price gained more than 5 percent on Friday ahead of board meeting to consider demerger of residential and commercial businesses. The company on Thursday informed exchanges that a meeting of the board of directors, is scheduled on Wednesday, February 14, 2018, to consider the various options and recommendations of the committee…
Sponsored Links General Motors International President Barry Engle sat down with the mayor of Incheon, South Korea, amid the automakers restructuring effort, Reuters reported on Thursday. The meeting came after a GM earnings call put CFO Chuck Stevens and CEO Mary Barra on the record calling for the restructuring of its South Korean operations. GM Korea…
… Read the full article at: https://www.expressnews.com/business/eagle-ford-energy/article/San-Antonio-based-NuStar-Energy-restructures-12561313.php
Turnaround firms are circling the stricken Toys R Us chain as the retailers precarious financial position puts more than 3,000 high street jobs at risk. Last year the UK subsidiary of the bankrupt US chain won a stay of execution after landlords took back the keys to 26 shops and accepted less rent for those…
The chief executive of Teva Pharmaceuticals on Thursday said he is making “strong progress” on the company’s restructuring plan, even as the company posted a huge loss and forecast a challenging 2018. In an interview, CEO Kare Schultz said he remained confident about the company’s long-term prospects, laying out a two-year turnaround timeline and predicting…
… Read the full article at: https://www.mysanantonio.com/business/eagle-ford-energy/article/San-Antonio-based-NuStar-Energy-restructures-12561314.php