Sunday, 17 December 2017

Anthony Hughes' s stories

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  • Social Capital draws big orders but test lies ahead

    Equities | 15 September 2017

    Unicorn-hunting SPAC Social Capital Hedosophia collected an upsized US$600m ”blank cheque” from its IPO and made a promising debut on Thursday, despite doubts as to whether the vehicle will be able to land an attractive acquisition.

  • A missile is launched during a long and medium-range ballistic rocket launch drill in this undated photo released by North Korea's Korean Central News Agency

    Kratos gains from Korean tension

    Top News | 08 September 2017

    North Korean dictator Kim Jong-un’s missile launch over northern Japan late last month unnerved investors but rising geopolitical tensions this year have proved a boon for the equity financing plans of at least one US defence contractor.

  • SPAC offers unicorns an alternative

    Equities | 08 September 2017

    The US$500m IPO of tech-focused special purpose acquisition company Social Capital Hedosophia is shaping up as one of the highlights of what has already been a resurgent year for the SPAC business.

  • MGM Growth raises US$350m to fund casino buy

    Equities | 08 September 2017

    MGM Growth Properties, the casino REIT taken public by MGM Resorts International last year, made a highly anticipated return to equity capital markets by raising US$351.9m to help fund the US$1.2bn purchase of the newly opened MGM National Harbor luxury gaming resort in Maryland.

  • The Sempra Energy building is pictured in San Diego

    Sempra woos Texan regulator with Oncor bid

    Top News | 25 August 2017

    Sempra Energy has come up with a multi-faceted financing plan that it hopes will secure regulatory approval for its US$9.45bn acquisition of bankrupt Energy Future Holdings and its majority stake in regulated Texas power utility Oncor.

  • Riverstone-backed company circles US$3.8bn E&P

    Equities | 18 August 2017

    Silver Run Acquisition II, a special purpose acquisition company headed by former Anadarko Petroleum chief executive James Hackett and backed by Riverstone Group, agreed to acquire not one, but two companies last week.

  • Thermo Fisher funds Patheon buy with US$1.5bn stock sale

    Equities | 11 August 2017

    Laboratory products maker Thermo Fisher Scientific surprised investors by limiting the equity capital call for its pending US$5.2bn Patheon acquisition to US$1.5bn.

  • Blocks crushed as investors push back

    Equities | 11 August 2017

    A nearly US$3bn wave of sponsor block trades this past week left both banks and investors nursing losses as almost every deal traded below its offering price.

  • Huntsman collects US$454m from Venator IPO

    Equities | 04 August 2017

    Chemical maker Huntsman has taken a first step towards shedding its highly cyclical titanium dioxide business, overcoming price sensitivity to price a US$454m NYSE IPO of its Venator Materials unit at the bottom end of the marketing range.

  • Sponsor takes big discount on Ichor add-on

    Equities | 04 August 2017

    Private equity firm Francisco Partners was forced to take a hefty file-to-offer discount on a US$106.3m sell-down of its stake in semiconductor equipment maker Ichor, despite taking advantage of new issuer-friendly rules that allow confidential filing of certain secondary offerings.