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JIP-led group might be late for the $17.6bn Toshiba buyout's lending deadline. (FS)
Telefonica, Liberty weigh sale of stake in ￡10bn UK towers arm.
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Albertsons should hold off on a $4bn dividend payment to shareholders while a pending merger with Kroger is reviewed, according to Washington, DC, Attorney General Karl Racine,?Bloomberg ?reported.?
"The dividend could be a massive improper giveaway to certain shareholders. It would make it difficult for the grocery chain to compete in what is already a "very, very tough marketplace" should Kroger's planned takeover of Albertsons be blocked," Karl Racine said when announcing the AGs had asked Albertsons to pause the payout.
Albertsons (led by Bob Miller ) is advised by 瑞信 , 高盛 , Debevoise & Plimpton (led by Ted Hassi ), Jenner & Block , Wachtell, Lipton, Rosen & Katz (led by Adam Emmerich and Zachary Podolsky) and White & Case LLP . Financial advisors are advised by Cravath, Swaine & Moore LLP (led by Robert Townsend and Sanjay Murti ) and Davis Polk & Wardwell LLP (led by Phillip Mills and Cheryl Chan ). Kroger (led by Rodney McMullenis) advised by 花旗 , 富国银行 , Arnold & Porter , Weil, Gotshal & Manges LLP (led by Michael J. Aiello ) and Joele Frank (led by Steve Frankel, Mahmoud Siddig and Lynch, Tim ).
The Indian unit of Japan's 索尼 and Zee Entertainment Enterprises Limited agreed to divest three Hindi language channels as part of their deal to create a $10bn TV behemoth,?Reuters ?reported.
India's competition regulator warned of further scrutiny of the deal, saying the combined company's "humongous market position" would allow it to enjoy "un-paralleled bargaining power" with 92 channels in India's massive media and entertainment market.
索尼 (led by N.P. Singh) is advised by KPMG , 摩根士丹利 and Shardul Amarchand Mangaldas & Co (led by Gunjan Shah and Karun Prakash ). Invesco Ltd. (led by Marty Flanagan ) is advised by Jefferies . Zee Entertainment Enterprises Limited is advised by 波士顿谘询公司 , J.P. 摩根 , KPMG (led by Srinivas Balasubramaniam), Trilegal (led by Nisha Kaur Uberoi , Ankit Kejriwal , Harsh Maggon and Nishant Parikh ) and 博然思维集团 .
China Resources Beer Holdings, a conglomerate enterprise focusing on retailing, beverage, food processing and distribution, textiles and real estate in Hong Kong and Mainland China, agreed to acquire a 55% stake in Guizhou Jinsha Jiaojiu Winery Industry, a Chinese colourless liquor maker, for $1.7bn.
China Resources Wine Holdings agreed to boost capital in Shandong Jingzhi Baijiu, another Chinese colourless liquor manufacturer, China Resources Beer said in August 2021, without disclosing the size of the transaction.
China Resources Beer (Holdings) Co Ltd is advised by CITIC Securities and 汇丰 .
JIP-led group might be late for the $17.6bn Toshiba buyout's lending deadline. (FS)
The preferred bidder to buy out 东芝 , a group led by private equity firm Japan Industrial Partners , is likely to miss the deadline to secure bank loans for the deal,?Reuters ?reported.
The JIP-led group was granted preferred bidder status by 东芝 in a second round of bidding on October 7, though the conglomerate is still open to proposals from others.
Telefonica, Liberty weigh sale of stake in ￡10bn UK towers arm.
Telefónica and Liberty Global are weighing a sale of their stake in a UK towers venture to help raise funds for fiber broadband investments.
The telecommunications companies are working to gauge interest in their 50% holding in mast operator Cornerstone. Cornerstone may be valued at about ￡10bn ($11.5bn) in any deal,?Bloomberg ?reported.
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