April 8, 2021
Toshiba Corp. said a potential acquisition offer from
CVC Capital Partners has stalled after the firm submitted a new proposal that lacks sufficient information for evaluation.
Signage for Toshiba Corp. is seen at the company’s headquarters in Tokyo, Japan, on Thursday, Nov. 9, 2017. Photographer: Akio Kon/Bloomberg
Toshiba revealed a preliminary approach from CVC in early April, which sent its shares soaring. Just days later, the company’s board urged caution over the discussions, warning the proposal may not lead to a transaction.
In the latest chapter of the convoluted drama, Toshiba revealed it had received a letter from CVC on Monday, but it included “no specific and detailed information capable of detailed evaluation.”
Dubai s new super-luxury office tower ICD-Brookfield at DIFC is winning tenants slow and steady
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Toshiba says potential buyout offer from CVC has stalled
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Rudy Mezzetta
Canadian asset managers are targeting boutique firms with environmental, social and governance (ESG) expertise to meet growing investor demand for responsible investing products.
In December, Toronto-based Mackenzie Financial Corp. acquired Greenchip Financial Corp., a 14-year-old investment firm that focused exclusively on the environmental economy. Greenchip has been subadvisor for the Mackenzie Global Environmental Equity Fund since 2018 and manages the equities portion of an environmentally focused global balanced fund Mackenzie launched in April.
“[Greenchip] brought a certain style and value orientation to environmental investing that we didn’t have across our organization,” said Fate Saghir, head of sustainable, responsible and impact investing with Mackenzie Investments in Toronto. She added that Greenchip has a “capability and a conviction [to environmental investing] that we wanted to bring in-house.”
Bankers Return Downtown Just in Time for Brookfield Dubai Tower
This content was published on April 20, 2021 - 04:00
April 20, 2021 - 04:00
(Bloomberg)
ICD-Brookfield has had to ride Dubai’s economic roller-coaster since opening the largest standalone office tower in the city last September when the worst of the coronavirus outbreak appeared over.
More than half a year and another spike in infections later, regular office life remains a way off. Even without the pandemic casting a shadow over commercial real estate, the $1.5 billion high-rise arrived at a time when about a quarter of all offices stood vacant despite rental prices dropping by over 35% in the past six years.