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Vista struck a deal to sell its sporting goods unit, Revelyst, to investment firm Strategic Value Partners for $1.1 billion, according to a statement seen by Reuters. Taken together, the two deals value Vista at $45 per share, topping a rival $43 per share offer from MNC Capital, an investment firm led by former Vista board member Mark Gottfredson. The sale of Revelyst is expected to close by January, subject to regulatory approvals and the completion of the CSG deal. In June, the CSG deal was cleared by the Committee on Foreign Investment in the United States, which reviews foreign investments over possible national security concerns. In July, Vista launched a strategic review to explore all its options, after failing to gather investor support for the CSG deal.
Persons: Vista, Mark Gottfredson, Michael Callahan, Glass Lewis, David Geenberg, MNC's, Victor Khosla, Morgan Stanley, Moelis, Goldman Sachs Organizations: Flag, New York Stock Exchange, Partners, Reuters, Czechoslovak Group, CSG, MNC Capital, Vista, MNC, Institutional, Services, Federal, Remington, Foresight, Bushnell Golf, North, Foreign Investment, Strategic Value Partners, JPMorgan Locations: U.S, Prague, Revelyst, Minnesota, Russia, Ukraine, North America, United States, Colleyville , Texas
Trump's Indonesia partner launches tourism complex on Java
  + stars: | 2023-03-31 | by ( ) www.reuters.com   time to read: +2 min
JAKARTA, March 31 (Reuters) - Indonesian property firm PT MNC Land (KPIG.JK) launched on Friday a 1,040 hectare (2,570 acre) tourism complex on Java island, where former U.S. President Donald Trump's company will operate a hotel and a golf course. It was not clear whether the Trump Organization would also benefit from tax breaks, which include a tax holiday for corporate tax for 10 to 20 years based on the investment value. MNC Land said it fully owned the project in Lido, which includes a movie studio called Movieland, while the Trump Organization will operate an 83-hectare golf course opening this year and a five-star hotel. Indonesian tycoon and chairman of MNC Group, Hary Tanoesoedibjo, has said Movieland will become a creative hub and Indonesia's version of Hollywood. The Trump Organization is also partnering with MNC on another project in Bali.
Former workers who were told they'd get jobs at the new hotel are still jobless, AFP reported. A view of the luxury Nirwana Golf Resort in Bali, Indonesia, before it was demolished. The director of MNC's property arm told AFP that the project has been delayed by "financial matters." DICKY BISINGLASI/AFP via Getty ImagesDwi told AFP that it was "hard" when she lost her job without payment in 2017. "I got stressed thinking about how I would earn money because I have children," she told AFP.
The German biotech company HMNC believes there's a better way to approach depression. It just raised $14 million from investors to follow through on its strategy. The German biotech company HMNC Brain Health is looking to do something similar in psychiatry. Maximilian Döbler is the chief business officer of HMNC Brain Health. See the presentation HMNC Brain Health used to raise $14 million:
People with depression often go through trial and error to find treatments that work best for them. The German biotech company HMNC believes there's a better way to approach depression. It just raised $14 million from investors to follow through on its strategy. The German biotech company HMNC Brain Health is looking to do something similar in psychiatry. See the presentation HMNC Brain Health used to raise $14 million:
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