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Archive for May 2020

Big-bank execs condemn racism after George Floyd death

By Offit Kurman | May 30, 2020

The chiefs of some of the biggest U.S. banks called on their workers to fight racism after an unarmed black…

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Distressed retailer Party City seeks to cut debt with bond deal

By Offit Kurman | May 29, 2020

The deal will cut the company’s debt by about $450 million and raise $100 million of new capital.

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Sony funding arm invests in MagicCube technology

By Offit Kurman | May 28, 2020

Sony has invested in digital transaction security firm MagicCube, citing it as the Sony Innovation Fund’s first investment outside of…

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M&A wrap: Sanofi, PNC Financial, Le Pain Quotidien, Novavax , Accel-KKR, Coinbase, Carnival

By Offit Kurman | May 28, 2020

Sanofi and PNC sell stakes in other companies. Coronavirus forces bakery chain Le Pain into bankruptcy. Deal news from Accel-KKR…

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With M&A dead, Wall Street bankers keep busy with stock sales

By Offit Kurman | May 28, 2020

Wall Street bankers are a lot less busy these days, what with the pandemic-induced drop-off in mergers and acquisitions and…

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Bakery chain Le Pain Quotidien’s U.S. arm files bankruptcy

By Offit Kurman | May 28, 2020

The chain’s sales were slipping amid heavy competition and lack of investment in its stores even before the Covid-19 pandemic…

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Why cruise lines are raising capital to stay afloat during pandemic

By Offit Kurman | May 27, 2020

The coronavirus has forced Carnival and other operators to sit idle and not board any passengers, as the hospitality and…

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KKR will invest $1 billion to build data centers in Europe

By Offit Kurman | May 27, 2020

Data centers are drawing increasing interest from private equity firms as more companies outsource the storage of vast information sets…

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Press Release: European restructuring and bankruptcy data now available on Debtwire

By Offit Kurman | May 27, 2020

Article Type: News & Press Releases Acuris news analysis and scoops are quoted on a daily basis by major publications, on…

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Find a buyer or a new CEO? What’s next for Texas Capital

By Offit Kurman | May 26, 2020

The Dallas bank appears to be at a crossroads after its merger with Independent Bank Group was called off Tuesday.

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