Tag Archives: restructuring

Take our debt, please! Struggling retailer Bed Bath & Beyond is coming up woefully short in a key debt exchange designed to give the company some much-needed financial breathing room. The company said Tuesday that it would extend its debt exchange offer to Dec. 19 from Dec. 5. The extension reflects limited appetite by debt-holders in the debt swap, according to data supplied by the retailer (right hand column in chart below). Such limited appetite likely reflects the concern among… Source link

Ten days after Yandex confirmed a review of its operations that include moving IP out of Russia and selling much of the remainder locals, it has hired an ally of President Vladimir Putin to help out with the restructure. Alexei Kudrin, described as a longtime Putin ally and who resigned as head of Russia’s Audit Chamber last week, has confirmed that he will be joining Yandex to advise on corporate development. Kudrin was appointed as finance minister in 2000 when Putin started his first… Source link

Yandex N.V. YNDX, often described as “Russia’s Google,” sought Vladimir Putin’s permission to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Yandex informally enlisted top economic official Alexei Kudrin to win the Russian president’s approval, in principle, for the restructuring plan, Financial Times reports. The changes would lead to… Source link

Yandex N.V. (NASDAQ: YNDX), often described as “Russia’s Google,” sought Vladimir Putin’s permission to sell its operations in the country, spin off its main international projects and appoint a longtime confidant of the Russian president to manage its relationship with the Kremlin. Yandex informally enlisted top economic official Alexei Kudrin to win the Russian president’s approval, in principle, for the restructuring plan, Financial Times reports. The changes would lead to… Source link

Russia’s Yandex seeks Putin’s approval for restructuring – FT https://t.co/riAELce2MD pic.twitter.com/I0uuCuMhi0— Reuters (@Reuters) November 24, 2022 (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing… Source link

Russia’s Yandex seeks Putin’s approval for restructuring – FT https://t.co/QOxlVXS4ch pic.twitter.com/oj8NA9T6xg— Reuters (@Reuters) November 24, 2022 (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing… Source link

(Reuters) -Russian internet giant Yandex NV is seeking President Vladimir Putin’s approval to sell its operations in the country and spin off its main international projects, the Financial Times reported on Thursday, citing sources. The company has informally enlisted former finance minister Alexei Kudrin to win Putin’s approval, in principle, for the restructuring plan, according to the report. If Putin gives his final assent at their meeting later in the day, Kudrin is… Source link

(Reuters) -Russian internet giant Yandex NV is seeking President Vladimir Putin’s approval to sell its operations in the country and spin off its main international projects, the Financial Times reported on Thursday, citing sources. The company has informally enlisted former finance minister Alexei Kudrin to win Putin’s approval, in principle, for the restructuring plan, according to the report. If Putin gives his final assent at their meeting later in the day, Kudrin is… Source link

Nov 24 (Reuters) – Russian internet giant Yandex NV (YNDX.O) is seeking President Vladimir Putin’s approval to sell its operations in the country and spin off its main international projects, the Financial Times reported on Thursday, citing sources. The company has informally enlisted former finance minister Alexei Kudrin to win Putin’s approval, in principle, for the restructuring plan, according to the report. If Putin gives his final assent at their meeting later in the day, Kudrin is… Source link

Nov 24 (Reuters) – Russian internet giant Yandex is seeking President Vladimir Putin’s approval to sell its operations in the country and spin off its main international projects, the Financial Times reported on Thursday, citing sources. Yandex will also seek the president’s blessing for the appointment of his longtime confidant to manage its relationship with Kremlin, the report said. (Reporting by Shivani Tanna in Bengaluru; Editing by Maju Samuel) Source link