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The Latest Breaking News from CDR

Sanofi confirms €16 billion sale of painkiller Doliprane to US investors

French pharamceutical giant Sanofi has confirmed plans to sell a controlling stake in its over-the-counter unit to a US investment fund, after employment and investment guarantees relieved political controversy.

Radio France Internationale

France Bristles At Painkiller Maker's Sale To US Fund

French drugmaker Sanofi's Monday confirmation that it plans to sell a controlling stake in its over-the-counter unit to a US investment fund sparked a new political backlash, stoked by fears the deal marks a loss of sovereignty over key medications.

International Business Times

France warns US buyer of Sanofi division of penalties for shifting production abroad

Private equity firm CD&R revealed to be in exclusive talks to buy 50% stake in consumer healthcare arm Opella

The Guardian - UK

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Sanofi Pursues Sale Of Painkiller After Political Controversy

Sanofi confirmed on Monday plans to sell a controlling stake in its over-the-counter unit to a US investment fund, after employment and investment guarantees relieved political controversy.

International Business Times

Morrisons agrees £331m property deal on extra long leases to cut debt pile

Transaction will reportedly provide investment firm Song Capital with ground rent on 76 supermarkets for 45 years

The Guardian - UK

Morrisons to buy back £1bn of debt after petrol forecourts sale

The supermarket, owned by US private equity firm Clayton, Dubilier & Rice, had net debts of £8.5bn at the end of October last year, according to its most recent financial report

Evening Standard

Morrisons sheds more than 8,800 jobs during another year of £1bn-plus losses

Latest annual accounts show supermarket paying price for debts taken on during 2021 takeover

The Guardian - UK

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9 get life term, 41 others acquitted in 1992 Kumher massacre case

31 yrs after Kumher massacre in Rajasthan, 9 sentenced to life imprisonment & 41 acquitted. 254 homes destroyed & 16 Dalits burnt alive. 45 injured. CBI investigated, 283 witnesses & 83 accused. Judge convicts 9 & sentences to life, imposes fine. CDR appeals for stern punishment.

The Hindu

CBI registers alleged loan fraud case against GTL Infrastructure; unknown officials of 13 banks also under scanner

CBI registers case against GTL Infrastructure and 13 banks for causing losses of hundreds of crores. Alleged financial impropriety and irregularities in credit facilities extended to GTL

The Hindu

Nikki murder case: Court directs preservation of call detail record of accused

Delhi's Dwarka court on Tuesday directed to preserve the Call Detail Record (CDR) along with the mobile location of one of the accused Lokesh Yadav in the Nikki Yadav murder case. Read further on Dynamite News:

Dynamite News

Morrisons slumps to £1.5bn pre-tax loss after private equity takeover

Substantial portion of loss relate to finance costs, as figures underline concerns about private equity model

The Guardian - UK

Is private equity tearing the soul out of Morrisons supermarket?

The UK chain’s thrifty founding family would never have run it this way. Now, with high debts and falling profits, signs look grim

The Guardian - UK

How much of Morrisons’ weak financial result was self-inflicted?

The grocer’s buyout by a US private equity firm in late 2021 was spectacularly badly timed

The Guardian - UK

McColl’s merger with Morrisons only raises concerns 'in a small number of areas'

Supermarket chain has a week to offer proposals to address the competition concerns identified

Insider UK

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Wales Online

Morrisons facing investigation over McColl's takeover

Competition watchdog to probe £190m rescue deal

Financial Times

Selling to yourself: the private equity groups that buy companies they own

Private equity groups are increasingly buying companies that they already own. But critics point to conflicts of interest within these deals that allow managers to reap great financial rewards

Birmingham Post

Morrisons could look to bring investors to Grimsby's Europarc with seafood site sale and leaseback

New owners poised to inject cash into the business with portfolio shake-up

Birmingham Post

Morrisons takeover by US private equity can go ahead, watchdog confirms

The Bradford retail is set to be acquired by Clayton, Dubilier & Rice which previously owned discount retailer B&M

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Benzinga

CD&R, TPG Take Covetrus Private In $4B Deal

Clayton, Dubilier & Rice (CD&R), a private investment firm, and TPG Capital will acquire animal-health technology and services company Covetrus Inc (NASDAQ:CVET) for $21.00 per share, representing an enterprise value of approximately $4 billion. CD&R and its affiliates currently beneficially own approximately 24% of the company's outstanding shares of common stock. The transaction…

Benzinga

Raymond James View Skewed Scenarios On Absent Supportive Bid For This Animal Health Stock

Raymond James downgraded the rating on Covetrus Inc (NASDAQ:CVET) from Outperform to Market Perform and removed the prior $22 price target after the company received a buyout at $21 per share. Though $21 may not ultimately prove to be the final resting place in terms of the offer price. Raymond James believes the proposed purchase…

Benzinga

Short Volatility Alert: Cedar Realty Trust

On Friday, shares of Cedar Realty Trust, Inc. (NYSE: CDR) experienced volatile short activity. After the activity, the stock price went down -3.63% to $25.23. The overall sentiment for CDR has been Bearish.

Liverpool Echo

Morrisons announce huge changes to its petrol stations affecting drivers

Private equity firm Clayton, Dubilier & Rice (CD&R) has bought the retail giant

The Guardian - UK

Morrisons owner offers to sell 87 petrol stations to clear £7bn takeover

US private equity group Clayton, Dubilier & Rice is seeking approval for deal from competition regulator

Wales Online

Morrisons' new owner set to sell dozens of petrol stations

Moves come ahead of £7 billion takeover of the supermarket group

Daily Mirror

Morrisons' £7bn takeover set to see 100 petrol stations sold across the UK

Clayton, Dubilier and Rice, which also owns forecourt operator Motor Fuel Group (MFG), won over control of the Big Four grocer in October - but the competition watchdog said it could lead to higher prices

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