Corporate
Corporate infraction penalty schedule 900 percent more expensive
The Securities and Exchange Commission (SEC) has made it more compelling for corporations to heed its admonitions by raising its penalty schedule for corporate infractions a hefty 900 percent.
US judge says Universal Entertainment does not have to close SPAC deal
A Delaware judge ruled on Thursday that an affiliate of Japan’s Universal Entertainment Corp does not have to complete a special purpose acquisition company merger deal with 26 Capital Acquisition Corp that related to Okada Manila, the largest casino in the Philippines, a Reuters report said.
Metro Pacific extends tender offer; seeks remaining 3.13% minority shares
Metro Pacific Investments Corp. said Friday minority shareholders have tendered a total 5.36 billion common shares, equivalent to 18.7 percent stake in the listed investment holding company.
Price recalibration, cost cuts ease Del Monte 1Q loss to $13.1 million
Campos-led Del Monte Pacific Ltd. reported a net loss in the quarter ending July to $13.1 million from previous year’s $30.5 million on higher interest expense.
Roark Capital to buy sandwich chain Subway for up to $9.55B -sources
Private equity firm Roark Capital agreed on Thursday to buy Subway, in a deal that people familiar with the matter said values the U.S. sandwich chain at up to $9.55 billion, including debt, subject to targets in its financial performance.
