All those fancy financial tricks that companies use to avoid bankruptcy are mostly just buying them time before an inevitable crash. Harvard and Oxford researchers looked at 89 of these "creditor-on-creditor violence" deals and found that over 80% of companies still defaulted within three years anyway. Here's the basic setup: struggling companies go to their biggest lenders and say, "give us more money and we'll pay you back first," while essentially screwing over the smaller

Swiss asset manager GAM Holding AG is absolutely furious about what they're calling a sweetheart deal between Honda and an Indian car parts company, and honestly, when you look at the numbers, it's like watching someone sell a Ferrari for the price of a Honda Civic - you know something's not right under the hood. Here's the deal that's got everyone's engines revving in anger: Honda is selling a 50% controlling stake in its subsidiary Yutaka Giken Co. to Samvardhana Motherson

Ericsson Finally Joins the Buyback Club So Ericsson just crushed their fourth quarter numbers and decided to celebrate by doing something they've literally never done before - buying back their own stock. The Swedish telecom gear company made 12.7 billion kronor (about $1.4 billion) in adjusted EBITDA, which was way better than the 10.5 billion kronor that analysts were expecting and a solid 24% jump from last year. Pretty impressive considering the whole telecom equipment in

Thyssenkrupp, the big German industrial company, is thinking about selling off a chunk of one of its businesses - specifically about 30% of its Rothe Erde bearings division, which could be worth around €1.5 billion ($1.8 billion). The company has brought in some advisers to see who might be interested in buying, but it's still pretty early days and there's no guarantee anything will actually happen. When Bloomberg asked them about it, Thyssenkrupp basically gave the standard

2025 was basically the year of corporate spring cleaning, with around 50 US companies deciding to spin off parts of their business - and we're talking about the biggest wave of these moves we've seen in over ten years. It's like companies looked around and said, "okay, time to get rid of the stuff that's dragging us down" - particularly those slower-growing, money-hungry divisions in healthcare, media, and agriculture that were eating up resources without delivering the goods

Elliott Management, a major US hedge fund, made an $8 billion bet last year to buy Citgo, Venezuela's state-owned oil refinery business in the US. They were hoping for a massive windfall worth potentially $13 billion, but things just got a lot more complicated. The whole deal started because a US court ordered Citgo to be sold to help pay back Venezuela's creditors. Elliott jumped at the opportunity, using their typical playbook of aggressive legal tactics and distressed debt

David Webb, who died at age 60 from prostate cancer, made an extraordinary impact on Hong Kong's financial world through his relentless push for corporate governance reform and transparency. Webb's biggest contribution was creating webb-site.com in 1998, a non-profit database that became an unmatched resource for Hong Kong's financial sector and media. What started as a simple website collecting public records about Hong Kong companies turned into what one person called a "o

It seems 2025 was the year the UK's Competition and Markets Authority (CMA) decided to channel their inner "yes person." In what can only be described as a complete personality makeover, the notoriously stern competition watchdog didn't block a single merger deal all year long. You read that right - zero, zilch, nada! It's the first time since 2017 that they've been this agreeable, giving every single transaction that knocked on their door a cheerful thumbs up. So what sparke

In what's shaping up to be the pharmaceutical industry's version of "The Great Escape," Japan's drugmakers are abandoning public markets faster than patients fleeing a dentist's office, with Hisamitsu Pharmaceutical leading this dramatic exodus with a jaw-dropping ¥457 billion ($2.9 billion) disappearing act. CEO Kazuhide Nakatomi apparently decided that public market scrutiny was causing more stress than his company's signature pain-relief patches could handle. The announcem

Some of the really smart hedge funds like Elliott, AQR, and Man Group have been leveraging the clever legal strategy called "appraisal arbitrage," which is basically like being a professional critic of corporate deals. Picture this: a company announces they're getting bought out and instead of just accepting the price, these hedge funds swoop in, buy a bunch of shares and then basically say, "hold up, we think this company is worth way more than what you're paying!" If they c

China's biggest property developers are fiiiiinally  coming to the table on their debt restructuring deals, but it's not because things are getting better - it's because everyone's given up hope that they will. Eight out of China's 10 most debt-heavy developers have basically finished restructuring their offshore debt. The whole sector has been a complete disaster since defaults started piling up back in 2021, with the total damage now sitting at $130 billion. The change in c

So here's what's happening in the tech world right now - it's basically a feeding frenzy out there, and companies are getting bought up...

There's something pretty interesting happening in the hedge fund world right now. Some really experienced traders are basically saying...

Sidley Austin (you know, the top dogs defending companies from pushy shareholders) is absolutely swamped right now! The heat isn't just...

You know how everyone was freaking out when the Fed started hiking interest rates like crazy? There was all this doom and gloom about...

Canadian convenience store giant Couche-Tard just threw in the towel on their massive $46 billion bid to buy Seven & i Holdings, the...

Looks like the dealmaking world hit a bit of a slow patch in Q2 this year - we're seeing the fewest deals in about 10 years (if we don't...

A new study from SquareWell Partners shows that most investors think shaky governance is basically hanging a "come on in" sign for...

Shareholder activism, once a rare occurrence for Public Real Estate Investment Trusts (REITs), has become a normal part of life. These...

The big investment funds, Third Point  and Pentwater Capital , recently made a hefty profit from the sale of US Steel  to the Japanese...