DIRS.INFO The most relevant business & tech news

☆ Photos: Hundreds of Palestinians crossed into Egypt as thousands more try to flee
▼ + stars: | 2023-11-01 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Foreign nationals and seriously injured Palestinians have now been allowed to cross into Egypt. Palestinian people and foreign aid workers wait to cross the border into Egypt. Palestinians cross to the Egyptian side of the border. Palestinians wait to cross into Egypt. Palestinians cross to the Egyptian side of the border.

Persons: —, Fatima Shbair, Hammam, Yazji, Hatem Ali Organizations: Hamas, Foreign, Service, Associated Press, AP, UN Office, Humanitarian Affairs, Ministry of Health, Defense, Children, Gaza Locations: Israel, Gaza, Egypt, Palestinian, Palestine, Rafah, —

The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. While it was not immediately clear what valuation Tyson Foods is seeking for the China poultry business, it has annual sales of about $1.1 billion, one of the people said. Springdale, Arkansas-based Tyson Foods and Goldman Sachs declined to comment. Calls to Tyson Foods' China headquarters in Shanghai went unanswered. In the food industry, U.S. agricultural giant Cargill struck a deal in May to sell its China poultry business to private equity firm DCP Capital for an undisclosed price.

Persons: Arnd, Goldman Sachs, Tyson, Cargill, Hope Liuhe, Kane Wu, Abigail Summerville, Roxanne Liu, Tom Polansek, Jamie Freed Organizations: Tyson Foods, REUTERS, HONG KONG, Goldman, Capital, Reckitt, Primavera Capital Group, Industrial, Thomson Locations: Davos, Switzerland, HONG, China, Springdale , Arkansas, Shanghai, Russia, Ukraine, Mongolia, Nantong, Xiaogan, Hong Kong, New York, Beijing, Chicago

[1/2] A person works on the stage before the 80th Annual Golden Globe Awards Nominations announcement in Beverly Hills, California, U.S. December 12, 2022. REUTERS/Mario AnzuoniLOS ANGELES, June 12 (Reuters) - The Golden Globe Awards were sold on Monday to a new owner that will shut down the Hollywood Foreign Press Association (HFPA), the voting group that faced controversy over ethical lapses and a lack of diversity. A Los Angeles Times investigation in 2021 revealed the organization had no Black journalists in its ranks. "Today marks a significant milestone in the evolution of the Golden Globes,” Boehly said in a statement. Reporting by Danielle Broadway in Los Angeles Additional reporting by Lisa Richwine in Los Angeles Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Mario, Dick Clark, DCP, Eldridge, Todd Boehly, ” Boehly, Danielle Broadway, Lisa Richwine, Matthew Lewis Organizations: REUTERS, Globe, Hollywood Foreign Press Association, Eldridge Industries, Golden Globe, Dick Clark Productions, Globes, Eldridge, Penske Media, NBC, Los Angeles Times, Golden Globes, Thomson Locations: Beverly Hills , California, U.S, ANGELES, Los Angeles

☆ Cargill to sell China poultry unit to private equity firm DCP Capital
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +2 min

BEIJING, May 31 (Reuters) - U.S. agribusiness giant Cargill has agreed to sell its poultry business in China to private equity firm DCP Capital, it said in a statement on Wednesday. The sale of the unit known as Cargill Protein China is subject to regulatory approvals but is expected to close this year, it added. The U.S. company started its China poultry operations in 2011, breeding, raising and processing the chickens. China's DCP Capital has invested in several other food and agriculture businesses including one of China's top poultry producers Fujian Sunner Development(002299.SZ), its website says. It also said the private equity firm was focused on Greater China and led by former members of the KKR and Morgan Stanley private equity businesses.

Persons: Cargill, Morgan Stanley, Dominique Patton, Christian Schmollinger, Barbara Lewis Organizations: Cargill, DCP, Cargill Protein China, Wellhope, Fujian Sunner, KKR, Thomson Locations: BEIJING, China, United States, Chuzhou, Anhui, U.S, Fujian

☆ In times of crisis these stocks are a 'core holding,' analysts say
▼ + stars: | 2023-04-01 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

They include: Costco, Estee Lauder, Pacific Premier Bancorp, ON Holding and Phillips 66. Still, with Pacific Premier shares down 23% this year, Tenner said investors should take advantage of the buying opportunity. "Pacific Premier is, in our view, a long-term core holding for institutional investors," Tenner said. ... .We still view PSX as a long-term core holding in energy. PPBI is, in our view, a long-term core holding for institutional investors.

HONG KONG, March 17 (Reuters) - Chinese private equity firm DCP Capital aims to sell its Singaporean portfolio firm MFS Technology, which makes flexible printed circuit boards, for at least $550 million, two people with knowledge of the matter told Reuters. The sale is targeting primarily financial sponsors, but also strategic buyers, according to the two sources and a separate person with knowledge of the transaction. BDA Partners and Jefferies are advising DCP on the sale, the sources said. The Chinese firm bought a controlling stake in MFS in 2018 from Navis Capital Partners and Novo Tellus Capital Partners for an undisclosed amount. Reporting by Kane Wu in Hong Kong and Yantoultra Ngui in Singapore; Additional reporting by Julie Zhu in Hong Kong; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Phillips 66 buys public units of pipeline operator DCP Midstream for $3.8 bln
▼ + stars: | 2023-01-06 | by ( ) www.reuters.com time to read: +1 min

The deal, the first major move by Mark Lashier who took over as chief executive of Phillips 66 in July last year, will double the company's stake in DCP Midstream to 86.8%. The Houston, Texas-based refiner is buying the public units for $3.8 billion, or $41.75 per share, compared with its previous offer of $34.75 per share. DCP Midstream's shares rose nearly 6.4% to $41.84, while those of Phillips 66 were up 1.1%. The DCP deal is expected to generate an incremental $1 billion of adjusted EBITDA for Phillips 66, the refiner said in a statement. Phillips said it expects to save at least $300 million by integrating DCP into its existing midstream business.

Search resuls for: "DCP"

7 mentions found