From Breakingviews - KKR can limit the pain of Elliott's telco blitz
Still, KKR – which has joined forces with Global Infrastructure Partners and will co-control Vantage with Vodafone – has some protections. The bidders have enough shares to implement the domination regime, which hands over outright control of Vantage's cashflows while the company remains listed.
KKR and its partners could offer Elliott and other Vantage shareholders 35 euros a share immediately, at a cost of 1.9 billion euros. But if the buyers enforced a domination agreement and paid 40 euros a share in five years’ time the total bill, including annual payments worth 1.30 euros per share, would be only 2.5 billion euros. Delaying the settlement would also help boost KKR’s internal rate of return on the investment.
All this puts KKR in a stronger position when negotiating with Elliott. That means the private equity giant might emerge from the German M&A hurt locker less damaged than some previous occupants.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Breakingviews - Japan’s next central bank chief may rue promotionHaruhiko Kuroda, who is due to depart the Bank of Japan in April after a decade in charge, will leave a host of problems for his successor to solve. The first priority is to adjust the complex system designed to keep interest rates at or below zero, which is wobbling as inflation rises. Yet the economy looks fragile, Japan Inc is reluctant to invest and geopolitical risk abounds. It might be the hardest job in central banking.
続きを読む »
Breakingviews - Alibaba exit is first remedy for Paytm’s woesAlibaba’s , exit will be a relief for India’s Paytm . The Chinese e-commerce giant has sold its remaining stake in the financial-technology company’s parent One97 Communications even as the latter posted its first adjusted operating profit in the quarter ended December, nine months ahead of schedule. The move makes sense for Alibaba, though Paytm’s other Chinese backer, Ant, may find it harder to cash out.
続きを読む »
Tony Dorsett, Earl Campbell talk Cowboys’ use of Ezekiel Elliott, Tony Pollard and morePro Football Hall of Famers Tony Dorsett and Earl Campbell recently joined the K&C Masterpiece on 105.3 The Fan [KRLD-FM] to discuss what kept them...
続きを読む »
Mirror Party: Editor Patrick Lawrence Talks Sundance Short FilmPatrickLawrence, editor of the short film MirrorParty by BrideyElliott, talks about the editing process and roleplaying breakup conversations. Interview Sundance ptrcklwrnce sundancefest
続きを読む »
Skrillex Reveals New Album 'Quest for Fire' Is Arriving Very SoonSkrillex has revealed that his new album, 'Quest for Fire,' is arriving very soon, with a guest list that includes Pete Wentz, Missy Elliott, Trippie Redd, Pink Pantheress and many more
続きを読む »
GOP 'still debating' a budget proposal ahead of possible debt limit standoff: ComerRep. James Comer, R-Ky., told ThisWeekABC's GStephanopoulos that Republicans will submit their own budget proposal as they clamor for spending cuts in exchange for agreeing to raise the debt ceiling.
続きを読む »