Amlak Finance, a Dubai-based Sharia-complaint home financier, initiated talks with creditors to restructure debt, which the company restructured previously. The company had restructured its Dh10.2 billion investment deposits and settled Dh2.8bn in cash with financiers in 2014 and subsequently revised the terms of the 12-year restructuring deal in 2016, the company said in a statement…
The iHeart Media headquarters is shown Thursday, March 15, 2018, in Phoenix. AP Photo/Matt York iHeartMedia on Monday announced that the United States Bankruptcy Court for the Southern District of Texas has confirmed the Companys Plan of Reorganization. The Company expects to complete its restructuring process in the first half of 2019. Under the terms…
HOUSTON, Jan. 22, 2019 /PRNewswire/ –Gastar Exploration Inc. (OTCQB: GSTC) (the “Company” or “Gastar“) announced today that the conditions to effectiveness of its Chapter 11 Plan of Reorganization (as modified) (the “Plan“), which was confirmed by the United States Bankruptcy Court for the Southern District of Texas on December 20, 2018, have been satisfied and…
(Reuters) – Hedge funds Elliott Management and Starboard Value have taken stakes in eBay Inc (EBAY.O) and are pushing for changes including the sale of some of the e-commerce companys businesses. In a letter to the companys board, Elliott asked eBay to hive off its StubHub ticket sales business and eBay Classifieds Group as part…
SAN ANTONIO–(BUSINESS WIRE)–iHeartMedia, Inc. (PINK: IHRTQ) (iHeartMedia) today announced that the United States Bankruptcy Court for the Southern District of Texas (the Court) has confirmed the Companys Plan of Reorganization (the Plan). The Company expects to complete its restructuring process in the first half of 2019. iHeartMedia is Americas number one audio company, with unparalleled…
HOUSTON, Jan. 22, 2019 /PRNewswire/ –Gastar Exploration Inc. (OTCQB: GSTC) (the “Company” or “Gastar“) announced today that the conditions to effectiveness of its Chapter 11 Plan of Reorganization (as modified) (the “Plan“), which was confirmed by the United States Bankruptcy Court for the Southern District of Texas on December 20, 2018, have been satisfied and…
Vodafone has kicked off the latest restructuring of its UK business that will see up to 2,700 workers asked to move. The plan will involve the closure of smaller offices, notably a hub in Bracknell that Vodafone acquired as part of its takeover of Cable & Wireless, with work centralised in larger offices in London,…
Tens of thousands of steelworkers involved in the UKs largest corporate pension restructuring were given little time to make very complex decisions, which left some facing potential financial losses, according to the findings of an independent review. The most significant concerns related to those choosing to transfer their pension out of the British Steel Pension…
Business EBay Inc shareholder Elliott Management Corp on Tuesday urged the e-commerce platform to restructure its business and sell some businesses to double its market value in the next two years. An eBay logo is projected onto white boxes in this illustration picture taken in Warsaw, January 21, 2014. REUTERS/Kacper Pempel/File Photo 22 Jan 2019…
Dentsu Aegis Network is restructuring its media and performance business in Singapore. Moving forward there will be two verticals that will host Carat, Vizeum, Dentsu X and iProspect. These will be the Brand Solutions business and One Singapore Media Group, also incorporating Amplifi. Meanwhile, a DAN Client Solutions virtual team will sit across all brands…