SAN JOSE, Calif.–(BUSINESS WIRE)–Immersion Corporation (NASDAQ: IMMR), the leading developer and licensor of touch feedback technology, today announced a series of restructuring actions designed to sharpen the companys strategic focus and establish a more cost-efficient operating structure. As part of these changes, Immersion plans to take the following steps: Significantly reduce its presence in China…
MILWAUKEE–(BUSINESS WIRE)–Actuant Corporation (NYSE: ATU) today announced results for its first quarter ended November 30, 2017. Highlights Consolidated sales increased 9% over the comparable prior year quarter with a 3% benefit from foreign currency rate changes. First quarter core sales (total sales excluding the impact of acquisitions, divestitures and foreign currency rate changes) increased 6%…
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The master-feeder business structure innovation fund will be launched in the first half of next year to change the corporate restructuring frame from the government-centered to market-centered. Based on this, more than 1 trillion won (US$918.7 million) of venture capital will be injected into the restructuring market to encourage companies to show an innovative growth.…
$30 Million Private Placement of Common Stock and Warrants Concurrent Conversion of $45 Million of Outstanding Debt into Equity Management to Host Corporate Update Conference Call to Discuss the Transaction on Monday, December 18, 2017 at 1:30 p.m. PST / 4:30 p.m. EST DAVIS, Calif., Dec. 18, 2017 (GLOBE NEWSWIRE) — Marrone Bio Innovations, Inc. (MBI…
White & Cases Asia R&I head joins Ashurst in Hong Kong | Asian Legal Business White & Cases Asia R&I head joins Ashurst in Hong Kong Ashurst has hired restructuring specialist Damien Whitehead as a partner in its finance… Read the full article at: http://www.legalbusinessonline.com/appointments/white-case’s-asia-ri-head-joins-ashurst-hong-kong/75212
Santa Clara, Calif. December 15, 2017 Avaya Holdings Corp. (Avaya or the Company) announced that it has successfully completed its debt restructuring and emerged from chapter 11. This is the beginning of an important new chapter for Avaya, said Jim Chirico, Avayas president and CEO. In less than a year since the commencement of our…
Teva Pharmaceutical Industries Ltd. jumped 18.7% on the New York Stock Exchange between Thursday market opening and Friday market close, following the company’s official announcement regarding its reorganization plan, including the layoffs of 14,000 employees. The increase saw Teva regain its status as the highest valued Israel-based company in terms of market capitalization, with a…
Israeli Prime Minister Benjamin Netanyahu said his government will do its utmost to blunt the impact of job cuts at Teva Pharmaceutical Industries Ltd. as the debt-saddled company carries out its restructuring plan. Netanyahu and Finance Minister Moshe Kahlon will meet this week with Teva Chief Executive Officer Kare Schultz to try to minimize the blow…
Networking and communications vendor Avaya has announced that it has successfully completed its debt restructuring and emerged from Chapter 11 bankruptcy nearly a year after filing. With a new board and leadership team, Avaya said it is now well positioned to deliver on its growth strategy and invest in contact centre and unified communications markets.…