Edition:
India

Rebecca Spalding

Delphi tapping credit line puts sale to BorgWarner at risk

01 Apr 2020

U.S. auto parts company BorgWarner Inc threatened to walk away from a $951 million deal to buy Delphi Technologies on Tuesday, after the automotive equipment supplier drew down on a credit line without its acquirer's approval.

U.S. hospitals halt lucrative procedures amid coronavirus crisis, job cuts follow  

01 Apr 2020

SAN FRANCISCO/NEW YORK U.S. hospitals and physician groups are beginning to feel severe financial strain as they shift operations from profitable procedures to focus on the rapidly spreading coronavirus pandemic.

U.S. hospitals halt lucrative procedures amid coronavirus crisis, job cuts follow  

01 Apr 2020

SAN FRANCISCO/NEW YORK, March 31 U.S. hospitals and physician groups are beginning to feel severe financial strain as they shift operations from profitable procedures to focus on the rapidly spreading coronavirus pandemic.

XPO Logistics cancels break-up amid economic downturn

21 Mar 2020

XPO Logistics Inc has abandoned plans to break up the warehousing and delivery company via a sale or spin-off, it said on Friday, citing "market conditions."

Frontier Airlines private equity owner sees good buys in industry turmoil

20 Mar 2020

NEW YORK Airlines hit hard by the travel restrictions imposed as a result of the coronavirus pandemic may soon present buying opportunities for investors, the co-founder of the buyout firm that owns budget carrier Frontier Airlines said in an interview.

Frontier Airlines private equity owner sees good buys in industry turmoil

20 Mar 2020

NEW YORK, March 20 Airlines hit hard by the travel restrictions imposed as a result of the coronavirus pandemic may soon present buying opportunities for investors, the co-founder of the buyout firm that owns budget carrier Frontier Airlines said in an interview.

Coronavirus grounds dealmakers seeking to brave market turmoil

13 Mar 2020

Even as the market rout fueled by the coronavirus brings most corporate dealmaking to a halt, buyout firms are competing fiercely to acquire Air Liquide SA's disinfectant making unit Schuelke, as demand for hand sanitizers and medical cleaning supplies surges due to the fast-spreading disease.

Thermo Fisher hires senior Goldman banker as strategy chief after Qiagen deal

11 Mar 2020

Thermo Fisher Scientific Inc has hired former Goldman Sachs & Co investment banker Paul Parker as its strategy and corporate development head, according to a press release on Tuesday.

Exclusive: Syneos Health exploring a sale: sources

09 Mar 2020

Syneos Health Inc , a U.S. contract research organization (CRO) that serves the pharmaceutical industry, is exploring a sale, people familiar with the matter said on Monday.

Bankers try to keep IPO party going amid coronavirus market jitters

06 Mar 2020

Some of the best seats at the Boston TD Garden arena's Tuesday night basketball game between the Celtics and the Brooklyn Nets were reserved for guests of H.C. Wainwright, a boutique investment bank specializing in initial public offerings of biotechnology firms.

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