Tag:
Issuance
Latest Headlines
Latest Headlines
The meaning of KKR's brewery deal
Bloomberg takes a look at KKR's $1.8 billion deal for Oriental Brewery Co., which was sold by Anheuser-Busch InBev NV and notes a twist: The seller will have an option to buy back the asset after five years, given certain conditions, at 11 times EBITDA. The deal was struck at a multiple of 8 o
League table worries rising?
The Financial Times notes that banks are "currently preparing for the half-year league tables of their performance." And to hear some talk about it, some banks are doing what it takes to preserve their spot in the rankings.
Viswas Raghavan, head of international capital markets at JPMorgan
Bank of America raises $13.5 billion
Bank of America has announced it has raised $13.5 billion by selling 1.25 billion shares of stock. Recall that the issuance is part of the bank's effort to raise $33.9 billion in new capital, as required by the government. The average price was about $10.75, below average prices recently, accordin
