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Search resuls for: "Elliott Advisors"


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LONDON — Elliott Investment Management said Monday it had decided not to make another takeover bid for British electrical retailer Currys after repeatedly being rejected. Shares of Currys were down 10% in early deals Monday after the news. The U.S. investment firm, via its affiliate Elliott Advisors, said Monday that following "multiple attempts to engage with Currys' Board, all of which were rejected," it was not making an improved offer for the U.K. company.
Persons: Currys Organizations: Elliott Investment Management, Elliott Advisors, . Locations: U.S
NN Group’s deal spree is finally delivering
  + stars: | 2023-08-29 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Aug 29 (Reuters Breakingviews) - NN Group (NN.AS) is reaping the benefits of scale in its Dutch backyard. Benign weather in the Netherlands, one of the few European states to escape extreme summer weather, helped. But the seeds of NN’s resurgence lie back in 2016 when it began a 3 billion euro deal splurge, first on domestic rival Delta Lloyd and then VIVAT’s general insurance arm. That helped it hike a 10% share of the general insurance market to 24% as of 2021. NN has outperformed its country rival Aegon (AEGN.AS), boosting shareholder returns by 64% since it bought Delta Lloyd in 2016.
Persons: David Knibbe, Elliott Advisors, Elliott, Delta Lloyd, Aimee Donnellan, Mukesh Ambani’s, Didi, George Hay, Oliver Taslic Organizations: Reuters, Chief, Delta, Aegon, Delta Lloyd, Thomson Locations: Netherlands
Sales at Barnes & Noble are rising because staff are it's not trying to make stores "homogenous," its CEO said. "Sensible retailing principles" equal "terrible bookstores," Daunt told the Business Studies podcast. He took over as CEO of Barnes & Noble in 2019 with plans to update the chain's 600 stores across the US. By 2022, total sales at Barnes & Noble were 3% higher than pre-pandemic levels, with book sales up by 14%. "If you're in Alabama, you should run a very different bookstore to if you're on the Upper West Side of Manhattan," he told Business Studies.
Bayer’s rude health lays better path for breakup
  + stars: | 2023-01-11 | by ( Aimee Donnellan | ) www.reuters.com   time to read: +4 min
Activists like Jeff Ubben’s Inclusive Capital Partners may now, however, be in a better position to push for a breakup. Smaller peer Bluebell Capital Partners has also bought in recently. Using UBS forecasts, they would be worth 50 billion euros and 88 billion euros respectively. Its smaller consumer drugs division might fetch another 18 billion euros, using peer Reckitt Benckiser’s (RKT.L) 12 times multiple. Add them up, take off debt, pension liabilities and a further 6 billion euros of future Roundup litigation costs, and Bayer’s equity could be worth nearly 110 billion euros.
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