Actualités Houlihan Lokey
(Bloomberg) -- Billionaire Paul Singer’s Elliott Management Corp. has made a fresh takeover bid for ailing Swiss baking company Aryzta AG, people with knowledge of the matter said. Elliott proposed an offer of about 0.80 Swiss francs per share in recent weeks and reiterated its interest in the past few days, the people said, asking not to be identified because the information is private. That price would represent a 32% premium to Thursday’s close and value Aryzta at about 794 million francs ($872 million), data compiled by Bloomberg show. The U.S. investment firm has conducted due diligence and lined up financing for the potential acquisition, the people said. Aryzta shares rose as much as 21% on Friday, making it the biggest gainer on the benchmark Swiss Performance Index. They were up 17% at 12:46 p.m. in Zurich, giving the company a market value of 703 million francs. Elliott’s proposed offer price is “more than adequate and recommendable” given the challenging environment, Roland French, an analyst at Davy, wrote in an email Friday. “It would mark a significant return” for the company’s activist investors and “clean the psychological slate for many others,” French wrote.
This is one of the first major hires under new chief executive Rich Ricci
Houlihan Lokey (NYSE:HLI) is set to issue its quarterly earnings data after the market closes on Thursday, October 29th. Analysts expect the company to announce earnings of $0.54 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link. Houlihan Lokey (NYSE:HLI) last announced its […]
Nicola Mining Inc. Mineralized Sample at Dominion Property Returns 62.1 grams Gold and 320 grams per tonne Silver14 Oct, 13:02, Junior Mining Network • Développer
Real-Time News, Market Data and Stock Quotes For Junior Mining Stocks.
'Like throwing gas on a fire': Wall Street's top adviser to distressed companies is warning that a corporate debt binge during the pandemic may result in a years-long economic nightmare31 Jul, 17:18, Business Insider • Développer
The economic fallout from the coronavirus is looking increasingly severe and unlikely to quickly subside. Companies that piled on debt in the early stages of the pandemic — thanks in large part to stimulus efforts by the Federal Reserve — may have set themselves up to struggle as the crisis drags on. Houlihan Lokey, Wall Street's top adviser to distressed companies, has changed its outlook: Instead of the sharp but quick downturn they initially anticipated, they're predicting a deeper, prolonged crisis that takes three to five years and pushes many more firms to bankruptcy. "Everybody wanted to save the economy and keep people working, but at some point there's going to be some pain, and it's not going to be quick or easy to work through the implications of all this added debt," William "Tuck" Hardie, a managing director with Houlihan Lokey's restructuring business, told Business Insider. Visit Business Insider's homepage for more stories . When the severity of the coronavirus began to dawn on the US in March, and the economic world suddenly stopped spinning, most companies had the same reaction to the resulting market crash: disbelief, followed by panic and a mad dash to find extra cash to keep their businesses afloat.
Houlihan Lokey Inc (NYSE:HLI) Q1 2021 Earnings Conference Call July 28, 2020 05:00 pm ET Company Participants Christopher Crain - General Counsel Scott Beiser - Chief Executive Officer and Director Lindsey Alley - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Devin Ryan - JMP Securities Matt Coad - Autonomous Research Jeff Harte - Piper Sandler Manan Gosalia - Morgan Stanley Michael Brown - KBW Ken Worthington - JPMorgan Presentation Operator Good day, ladies and gentlemen, thank you for standing by.
Houlihan Lokey (NYSE:HLI): Q1 Non-GAAP EPS of $0.56 misses by $0.01; GAAP EPS of $0.69 beats by $0.11. Revenue of $211.14M (-15.7% Y/Y) misses by $19.84M.
Luckin Coffee has picked investment bank Houlihan Lokey as an adviser, according to sources close to the matter, following an accounting scandal that has seen the Chinese coffee chain's shares plummet and creditors pursue assets held by the firm's family.
By Tom Arnold and Arno Schuetze Luckin Coffee has picked investment bank Houlihan Lokey as an adviser, according to sources close to the matter, following an accounting… | June 23, 2020
Wirecard Shares Down 50% As Company Admits Missing Cash Won't Ever Be Found Tyler Durden Mon, 06/22/2020 - 07:04 Germany's once-prized fintech giant Wirecard is teetering on the brink of bankruptcy now that both the disgraced company and its "Big Four" auditors have finally acknowledged that €1.9 billion euros ($2.1 billion) of cash missing from its reserves will probably never be found. The acknowledgement, confirmed Monday by a flurry of press reports, caused the price of Wirecard shares to halve once again, falling by 45% at its peak, before bouncing slightly. Per CNBC , the search for the missing cash hit a dead-end after two Asian banks, the Philippines-based BDO and BPI, both denied having Wirecard as a client. Furthermore, the Philippines’ central bank said Sunday that the money hadn’t even entered the country’s financial system, exposing yet another one of Wirecard's probably-improvised lies as just that. "The initial report is that no money entered the Philippines," Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Sunday, adding the names of BDO and BPI were used “in an attempt to cover the perpetrators’ track." Both banks claimed rogue employees falsified documents to indicate the existence of the funds, suggesting that whistleblowers' claims that the money never existed are probably true.
German payments firm Wirecard said it had hired U.S. investment bank Houlihan Lokey to devise a new financing strategy after Moody's slashed the company's rating to junk over the disappearance of 1.9 billion euros.
German payments firm Wirecard said late on Friday it had hired U.S. investment bank Houlihan Lokey to develop a new financing strategy as Moody's slashed the company's rating to junk…
Houlihan Lokey (HLI) delivered earnings and revenue surprises of 26.32% and 3.19%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Houlihan Lokey (HLI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sir Richard Branson’s Virgin Atlantic has hired the investment bank Houlihan Lokey to try to find investors willing to inject emergency funding into the transatlantic airline to avert its collapse into administration. Read more: Branson hires bank to search for emergency funds for Virgin Atlantic
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