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The remainder was equity checks by the private equity firms. Typically, debt accounts for between 60% and 80% of the deal consideration, allowing the buyout firms to juice returns. REFINANCING RISKTo be sure, a handful of private equity firms have already been accustomed to this kind of refinancing risk. An upside to the shift toward equity financing, dealmakers say, is that the companies owned by the private equity firms have more cushion to absorb losses if their business deteriorates. Many of the leveraged buyouts that became bankruptcies in the wake of the 2008 financial crisis were the result of private equity firms saddling companies with debt to the hilt.

The Justice Department’s decision to subpoena government witnesses who would normally testify voluntarily to help build the government’s criminal case was highly unusual, according to a half-dozen legal and animal welfare experts. The inspectors wanted APHIS to take a tougher stance against the company for the mistreatment of the beagles. Yet, this did not happen with any of the agency's inspections of Envigo, public records show. TENSIONS RISETensions between Gibbens and Miller escalated shortly after Envigo appealed some of the findings from the October inspection, emails show. Gibbens told Envigo APHIS would strike the citation because the company ultimately provided the requested information.

Oct. 7, 2021 - APHIS director Robert Gibbens declines the request, citing “optics” and the risks of COVID-19 exposure. Oct. 25, 2021 – Three APHIS inspectors find 13 violations at Envigo, seven of which are “direct" or "critical." Nov. 16-19, 2021 - APHIS inspects Envigo and finds 26 violations, 14 of which are "direct" or "critical." Feb. 16, 2022 - Miller informs her staff that Goldentyer has removed her from working on any more Envigo inspections. March 8, 2022 - APHIS employees inspect Envigo and find five violations, two of which are “direct.”May 3, 2022 - APHIS inspects Envigo and only cite the company for failing to fix the dangerous flooring.

[1/2] People pose with syringe with needle in front of displayed Moderna logo in this illustration taken, December 11, 2021. REUTERS/Dado Ruvic/IllustrationFeb 15 (Reuters) - The U.S. government should face a patent lawsuit over COVID-19 vaccines, not vaccine maker Moderna Inc (MRNA.O), the Department of Justice told a Delaware federal court on Tuesday. Moderna made the same argument last year in an unsuccessful bid to win an early dismissal of the lawsuit. Both Moderna and Pfizer Inc (PFE.N) have been the target of multiple patent lawsuits over their COVID vaccines, including a lawsuit brought by Moderna against Pfizer in August. The case is Arbutus Biopharma Corp v. Moderna Inc, U.S. District Court for the District of Delaware, No.

☆ Fintech giant’s bad wedding leads to happy divorce
▼ + stars: | 2023-02-14 | by ( Anita Ramaswamy | ) www.reuters.com time to read: +3 min

NEW YORK, Feb 14 (Reuters Breakingviews) - Many mergers fail, but executives are rarely humble enough to admit it. They have a point – FIS paid $3 billion more for Worldpay than the combined companies’ market value today. These are worlds apart from the staid financial institutions which patronize FIS’s core software business. As a stand-alone company the payments firm could also borrow more to fuel future purchases without imperiling its former parent’s credit rating. FIS also announced a $17.6 billion writedown on the value of the business and lowered its profit guidance for 2023.

☆ EV makers fill up on cash before looming pileup
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, Feb 6 (Reuters Breakingviews) - Battery-powered-car makers are pulling off at the cash station. A recent stock rally provides an extra charge before the inevitable pileup. Despite having no revenue, Faraday’s market value has quadrupled since the start of the year after a roughly 90% fall. Likewise, $388 million Canoo, whose top line is nonexistent, is selling 50 million shares and 50 million warrants to raise just $52 million. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Dec 1 (Reuters) - Biotech firm Roivant Sciences (ROIV.O) on Thursday launched a company with Pfizer Inc (PFE.N) focused on an experimental bowel disease treatment, as the drugmakers seek to tap into a multibillion dollar market. The drug, RVT-3101, was originally developed by Pfizer, which will hold a 25% stake in the new business, with Roivant holding the majority interest. SVB Securities analyst David Risinger says the deal shows how Pfizer is prioritizing research spending for its oral ulcerative colitis drug, etrasimod, which holds a near-term blockbuster opportunity. RVT-3101 could represent a nearly $15 billion commercial opportunity in the United States for Roivant as a treatment for both ulcerative colitis and Crohn’s disease, said Risinger. Pfizer has also licensed its inflammatory autoimmune disease drug brepocitinib to Roivant in exchange for a 25% stake in another jointly held company called Priovant.

☆ Zendesk goes private in $10 bln deal
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

As part of the deal, Zendesk shareholders received $77.50 per share in cash. Proxy advisory firm Institutional Shareholder Services (ISS) had backed the deal, which Zendesk shareholders approved in September. Jana had pushed for the sale after San Francisco-based Zendesk failed to buy SurveyMonkey parent Momentive Global Inc (MNTV.O) in a $3.9 billion deal. The Momentive deal fell through after it was rejected by Zendesk shareholders. In August, Light Street Capital Management, which manages funds that own more than 2% of Zendesk, said it would vote against the private equity deal and proposed that Zendesk remain a standalone public company and find a new top boss.

☆ Electric vehicle makers burning cash, slammed by sky-high costs
▼ + stars: | 2022-11-14 | by ( Akash Sriram | ) www.reuters.com time to read: +5 min

[1/2] A Canoo Lifestyle Vehicle is displayed during the 2021 LA Auto Show in Los Angeles, California, U.S. November, 17, 2021. Quarterly reports from electric vehicle (EV) makers from the past two weeks show them struggling to hit delivery targets and rapidly burning through cash. At the end of September, it had $6.8 million in cash and equivalents, down sharply from $415 million a year earlier. Still, higher output would ultimately reduce the cost per car and limiting production can threaten the path to profitability, analysts said. Rivian, backed by Amazon.com (AMZN.O) and Ford Motor (F.N), had $13.8 billion cash on hand at the end of September.

☆ Canoo to build battery manufacturing facility in Oklahoma
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

Nov 2 (Reuters) - Electric vehicle startup Canoo Inc (GOEV.O) said on Wednesday it would build a battery manufacturing facility at Pryor in Oklahoma with a capacity of 320 Megawatt hours production. The company's Pryor facility will make proprietary battery modules, energy management system and thermal control technology, CEO and Chairman Tony Aquila said. Canoo added it will be the first electric vehicle company to produce battery modules using hydro-power from the Grand River Dam Authority. The company's new battery manufacturing facility will be in the same industrial park as its future "MegaMicro" factory, Canoo said. Canoo last year announced Panasonic Holdings Corp (6752.T), which also supplies battery cells to Tesla Inc (TSLA.O), will be its provider for manufacturing battery packs.

The Banco Sabadell logo can be seen behind leaves on top of a building outside Madrid, Spain, April 13, 2016. REUTERS/Andrea Comas/File PhotoLONDON/MADRID, Sept 21 (Reuters) - Spanish bank Sabadell (SABE.MC) has received indicative bids from France's Worldline (WLN.PA), Italy's Nexi (NEXII.MI) and U.S. firm Fiserv (FISV.O) for its payments arm, with a deal valued at up to 400 million euros ($393.64 million), three sources said. Register now for FREE unlimited access to Reuters.com RegisterSabadell, Worldline, Nexi and Fiserv declined to comment. In Spain, Sabadell has a strong presence on the payments front and accounts for close to 16.3% of the country's overall revenue generated at the point of sale (POS). Its payments arm, which is mainly focused on consumer lending, has core earnings of about 25-30 million euros, one of the sources said.

☆ Big SPAC unwind has consequences for few
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

Chamath Palihapitiya, Founder and CEO of Social Capital, presents during the 2018 Sohn Investment Conference in New York City, U.S., April 23, 2018. REUTERS/Brendan McDermid/File Photo/File PhotoNEW YORK, Sept 20 (Reuters Breakingviews) - Chamath Palihapitiya pushed the limits of the blank-check boom. If his shortcomings were the worst of the SPAC fallout, it isn't so bad. The SPAC boom was part of the stock market excess inflated by government stimulus and ultra-low interest rates following the global pandemic. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Explozie într-o casă din Slobozia, în timp ce angajații Tiraspoltransgaz efectuau lucrări; Stăpânul casei a murit
▼ + stars: | 2021-05-25 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: liktv.orgExplozie într-o casă din Slobozia, în timp ce angajații Tiraspoltransgaz efectuau lucrări; Stăpânul casei a muritUn bărbat de 72 de ani, din Slobozia, a murit la două zile după o explozie produsă în propria casă. În urma deflagrației, stăpânul casei s-a ales cu arsuri grave și a murit la spital după două zile. Potrivit presei locale, cei doi muncitori și proprietarul casei s-au ales cu arsuri, în urma exploziei. Stăpânul casei, în vârstă de 72 de ani, a fost internat în stare gravă în secția de terapie intensivă, unde s-a stins din viață, două zile mai târziu. Oamenii legii au deschis un dosar penal, iar angajații filialei regionale a Tiraspoltransgaz LLC sunt acuzați că au provocat decesul proprietarului din neglijență.

Persons: Totul Locations: Slobozia, Tiraspoltransgaz

☆ 2020, un an fierbinte din punct de vedere politic în Moldova
▼ + stars: | 2021-01-09 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +15 min

Ulterior, cei doi au respins categoric acuzațiile și au declarat că discuția a fost una calmă și a avut loc la inițiativa lui Ștefan Gațcan. ''Pentru o Moldova de mâine, pentru o Moldova dreaptă, educată, o Moldova sănătoasă. "Se stabileşte pentru data de 15 noiembrie 2020 desfăşurarea turului al doilea de scrutin pentru alegerea preşedintelui Republicii Moldova. ", a spus reşedintele Republicii Moldova, Maia Sandu. "Doamnelor şi domnilor, preşedintele Republicii Moldova a intrat de astăzi în exerciţiul funcţiei.

Persons: Alexandru Cauia, Sergiu Sîrbu, Dumitru Diacov.Odată, Ion Chicu, Cristina, Igor Șarov, Sergiu Răilean, Oleg, Ștefan Gațcan, Ştefan Gaţcan, Vlad, Corneliu Furculiță, Batrâncea, Gațcan, Corneliu, Ştefan, Totul, Corneliu Furculiţă, Dodon, Alexandru Slusari, Grigore Novac, Maria Ciobanu, Bogdan Țîrdea, Alexandru, Ion, Andrei Năstase, Renato Usatîi, Tudor Deliu, Maia Sandu, Violeta Ivanov, Octavian, Igor Dodon, Dorin Chirtoacă, Igor Dodon ., Andrei Năstase ., Octavian Ţîcu, Dorin Cimil, Domnica, Olga Cebotari, Anatol Usatîi, Victor Gaiciuc, Oleg Ţulea, Aureliu Ciocoi, Ruxanda, Grigore, Eleonora Graur, Brașovschi, Igor Grosu.În, Chicu, demisionează, Ea, Domnica Manole ., Maia, Maia Sandu ., Sandu Organizations: PD, Cercetării, Economiei, Externe, Integrării Europene, PRO, Partidul Democrat, Partidul Socialiștilor, PRO Moldova, Electorală Centrală, CEC, Partidului, Unirea, Uniunea Europeană, Republicii, Ministerului Economiei, Apărării, Constituțională, Sesiunea, PDM, Maia Sandu . Evenimentul Locations: socialist, Hâncești, Republicii Moldova, PSRM, Moldova, PLDM, Republica Moldova, România, Kremlin, oraş

☆ Dinamo Kiev și-a aflat adversarul din șaisprezecimile Ligii Europei
▼ + stars: | 2020-12-14 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Echipa antrenată de Mircea Lucescu și Emil Caras, Dinamo Kiev, și-a aflat adversarul din șaisprezecimile Ligii Europei. În această fază a competiției ucrainenii vor întâlni campioana Belgiei, Club Brugge.O altă formație din Ucraina, Șahtar Donețk, va avea și ea un adversar valoros. "Minerii" vor juca cu deținătoarea titlului în Israel, Maccabi Tel Aviv.O confruntare extrem de interesantă promite a fi cea dintre Benfica Lisabona și Arsenal Londra. Gruparea engleză are un parcurs perfect în actuala ediție a turneului. Meciurile din Liga Europei vor putea fi urmărite CANAL 5.

Persons: Mircea Lucescu, Emil Caras, Mikel Arteta, Tottenham Hotspur Organizations: Dinamo Kiev, Europei, Maccabi, Benfica Lisabona, Arsenal Londra, Liga Europei.Marea, Manchester United, Real Sociedad, AC Milan, Țrvena Zvezda, Glasgow Rangers, Liga Europei Locations: Belgiei, Ucraina, Șahtar Donețk, Israel, Maccabi Tel, Țrvena, Țrvena Zvezda Belgrad, Glasgow

☆ O fetiță din satul Lăpușna suferă de o boală cruntă. Haideți să-i oferim micuței o șansă la viață!
▼ + stars: | 2019-04-25 | by ( ) hn24.net time to read: +2 min

Vorbim despre Mădălina, fetița din satul Lăpușna, a cărei viață este o adevărată dramă. La nici 5 anișori, ea luptă cu o boală cruntă, fiind diagnosticată cu glioblastom, o tumoră malignă severă. Vrem să aducem speranță și bucurie în sufletele lor. În această disperare cumplită, șansa Mădălinei stă în oameni. Împreună putem să-i oferim micuței șansa la o copilărie fericită!

Persons: Mădălina, Victor Dănuță, Paști, Veronica, Familia, !, Mihail Cojocaru, Alexandru, Sevastian, Nina Cotovanu, Alexandru Botnari.Andrei Șendrea, Luminița, Maria, Mariana Cociu, Raphael Leontin Mircea.Silvia, Codreanu Organizations: Ziua Mondială Locations: Lăpușna, Maria Moisei

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