E-book: Art of the SPAC 6 May 2021 More than 300 blank-check companies listed already in 2021, and they have struck deals worth nearly $300 bln to buy some 130 targets. It’s a record by miles, but Breakingviews has been on the case for more than a decade. A new e-book tells the story so far, and how it might end.
E-book: Once in a Lifetime? 2 Jun 2020 Humanity either learns key lessons from the pandemic, corrects course and becomes a more resilient species. Or it tears further apart and expands the divisions in society that predated Covid-19. In a new e-book on what will change, Breakingviews takes the more optimistic view.
Corona Capital: Lufthansa, JPMorgan, Foursquare 7 Apr 2020 Concise views on the pandemic’s corporate and financial fallout: Lufthansa parks hopes of a quick airline-industry recovery in the hanger; JPMorgan skirts close to committing an early earnings faux pas; and Foursquare checks into the M&A market.
Corona Capital: Saudi/Carnival, PG&E 6 Apr 2020 Concise views on the pandemic’s corporate and financial fallout: Today, Saudi Arabia’s Public Investment Fund takes an 8% stake in beleaguered cruise outfit Carnival, and the coronavirus may dislodge one of the moving parts in California utility PG&E’s plan to exit bankruptcy.
Corona Capital: Corporate debt 3 Apr 2020 Concise views on the pandemic’s corporate and financial fallout: Despite uncertainty, investors have big appetites for investment-grade bonds.
Corona Capital: GE, Oaktree, M&A back doors 1 Apr 2020 Concise views on the pandemic’s corporate and financial fallout. GE delivers its own form of cash injection, hedge fund boss Howard Marks praises heavy-handed Covid-19 responses, and a car-parts maker flirts with bailing on a deal.
Corona Capital: Rich vs. poor, Carnival 31 Mar 2020 Concise views on the pandemic’s corporate and financial fallout: The rich may save even more while the coronavirus rages while the poor will be further squeezed, and Carnival tries to bail out its sinking cruise business with a big sale of equity and debt.
Corona Capital: Banking bonuses, Local TV M&A 30 Mar 2020 Concise views on the pandemic’s corporate and financial fallout: BBVA’s ditched bonuses pressure peers; local TV deal has more than one struggle.
Corona Capital: Cirque du Soleil, Airlines, France 27 Mar 2020 Concise views on the pandemic’s corporate and financial fallout: Cirque du Soleil may leave TPG sunburnt. Airlines get a sweet bailout. And France joins the campaign against dividends.
Corona Capital: Dining bonds 20 Mar 2020 Concise views on the pandemic’s corporate and financial fallout: Restaurant industry cooks up a unique form of funding to help alleviate revenue wipeout.