Posts by Liam Redmond
Bain Capital ends acquisition battle with KKR for Fuji Soft
US private equity firm Bain Capital said on Monday (Feb 17) it will not launch a tender offer for Fuji Soft, formally ending a takeover battle with rival KKR for the Japanese IT company. Bain had said last week it might withdraw its proposal for Fuji Soft, after KKR raised its offer above Bain’s in…
Read MoreCleveland emerging as likely destination for latest WNBA expansion team
In a major development for the WNBA, reports from Sports Business Journal indicate that the league is gearing up to announce its next expansion franchise, and Cleveland is emerging as the likely destination. It’d mark the return of the WNBA to Cleveland — a city that once hosted the original Rockers from 1997-2003. The team…
Read MoreEvergrande, HNA units ordered to liquidate by Hong Kong judge
UNITS of two high-profile Chinese companies received Hong Kong court orders to liquidate, the latest in a string of wind-up decisions in the city as creditors ramp up their legal efforts to recover funds. Tianji Holding became the second key unit of defaulted builder China Evergrande Group to receive a wind-up order this year, following…
Read MoreSingapore’s subdued IPO scene set for a rebound in 2025: analysts
SINGAPORE’s initial public offering (IPO) scene is set to liven up this year, with analyst forecasts falling anywhere between four and 10 listings on the local bourse. This comes after a subdued market in recent years, where delistings have outpaced new listings on the local bourse, with more Singapore companies choosing to list on global…
Read MoreCanada taking two lineup decisions down to the wire ahead of pivotal 4 Nations game
Canada’s fate in the 4 Nations Face-Off could come down to two lineup decisions that coach Jon Cooper is taking down to the wire. Top defenseman Cale Makar is a game-time decision for a do-or-die match against Finland on Monday afternoon after missing Saturday’s game against Team USA, and Cooper declined to tell reporters in…
Read MoreShipping giants urge watchdog to avoid biofuels in clean-up push
The IMO is working toward a zero-carbon-emissions target for the industry by 2050 SOME shipping lines including Hapag-Lloyd and the maritime arm of Louis Dreyfus are calling on the International Maritime Organization (IMO) to avoid backing crop-based biofuels as the industry pushes to decarbonise. “Unless legally binding safeguards are introduced, there is a risk that…
Read MoreMike Sullivan’s Team USA adjustments have been a 4 Nations work of art
BOSTON — Regarding 4 Nations, which picks up here Monday afternoon with a potential elimination game for both mighty Canada and upstart Finland: 1. Mike Sullivan, the Pittsburgh head coach who holds the same position for Team USA, was asked before the tournament how he would balance patience with urgency in this type of shotgun…
Read MoreMBS gets record S$12 billion loan; DBS, OCBC, UOB, Maybank coordinating facility
MARINA Bay Sands has obtained a S$12 billion multi-tranche loan to fund a planned expansion of its casino resort in Singapore, according to a source familiar with the matter, marking the largest such financing in the city state ever. DBS Group Holdings, Malayan Banking, OCBC and United Overseas Bank were the coordinating banks on the…
Read MoreMarina Bay Sands gets record S$12 billion loan amid tourism boom
The loan will be used for refinancing and to fund the expansion of the company’s integrated resort MARINA Bay Sands has obtained a S$12 billion multi-tranche loan to fund a planned expansion of its casino resort in Singapore, according to a source familiar with the matter, marking the largest such financing in the city state…
Read MoreYes, that is Jennifer Coolidge’s villainous husband Greg in ‘The White Lotus’ Season 3
The White Lotus Season 3 premiere, “Same Spirits, New Forms” welcomes a star-studded cast to the HBO series as well as one surprising returning face. While we already knew that The White Lotus Season 1 star Natasha Rothwell would be reprising her scene-stealing role as spa manager Belinda, HBO stayed totally mum about the return…
Read More‘SNL50’ brings back ‘The Californians’ with Kristen Wiig, Bill Hader, Fred Armisen for Volkswagen ad
“Stuart!” Kristen Wiig, Bill Hader and Fred Armisen reunited just in time for the “Saturday Night Live” 50th anniversary special. The trio teamed up for a Volkswagen commercial, which aired before the big event on Sunday night. “The Californians” sketch debuted in 2012 on the NBC variety show. It was brought back for SNL’s 40th…
Read MoreAustralia’s Star Entertainment gets potential lifeline as Oaktree offers debt refinancing
Oaktree’s offer is subject to numerous conditions and there is no certainty it will progress, Star says STAR Entertainment Group received a potential lifeline from alternative asset manager Oaktree Capital Management, which offered to refinance A$650 million (S$554 million) of the struggling Australian casino operator’s debt. Star has been racing to raise capital after last…
Read More