NEW YORK/BOSTON (Reuters) – U.S. healthcare plan and pharmacy advantages supervisor Magellan Health Inc is nearing an settlement with Starboard Value LP to increase the dimensions of its board by a number of seats, together with a consultant from the activist hedge fund, three sources acquainted with the matter stated on Thursday. Magellan didn’t reply […]
The Takeaway Bitmain is planning to deploy 200,000 models of its personal mining gear in China to take benefit of low cost hydroelectric energy this summer time. The gear is conservatively estimated to value $80 million, however it might be extra worthwhile proper now for Bitmain to mine crypto itself than attempt to promote all […]
(Reuters) – Trian Fund Management LP won’t challenge PPG Industries Inc’s (PPG.N) board of administrators at its 2019 shareholder assembly after the U.S. paints and coatings firm met a few of the activist hedge fund’s calls for and introduced new monetary targets, individuals acquainted with the matter stated on Thursday. FILE PHOTO: Nelson Peltz founding […]
MILAN/NEW YORK (Reuters) – U.S. fund Pacific Investment Management Co (Pimco) has purchased all of a $Three billion, five-year bond provided with a hefty return by Italy’s prime financial institution UniCredit (CRDI.MI) to adjust to capital buffer guidelines, two sources accustomed to the matter stated. Ticker and buying and selling info for Pacific Investment Management […]
LONDON (Reuters) – BlackRock’s former head of European elementary credit is getting ready to launch his personal hedge fund subsequent yr in what’s more likely to be one of many yr’s largest debuts, three sources with information of the matter informed Reuters. Michael Phelps, 43, oversaw $35 billion throughout a lot of credit, leveraged finance […]
BOSTON (Reuters) – Lucy DeStefano, former head of buying and selling at hedge fund Citadel’s Aptigon unit, is about to hitch Soros Fund Management later this yr, two sources acquainted with the matter stated. Soros Fund Management is the $26 billion household workplace of billionaire philanthropist George Soros, and the agency’s investments in addition to […]
Wow, after he handed Donald Trump the election?US authorities have ready charges to seek the arrest of WikiLeaks founder Julian Assange, US officers conversant in the matter inform CNN. Continue studying at http://www.cnn.com/2017/04/20/politics/julian-assange-wikileaks-us-charges/index.html ?SOURCE: Distressed Volatility – Read complete story here.