Cyrus Mistry, chairman of Tata Sons Ltd., is writing down the value of some of the $15.5 billion assets purchased by his predecessor over two decades to boost the allure of India’s biggest corporate group.
Robins, Kaplan, Miller & Ciresi LLP bested Kellogg Huber Hansen Todd Evans & Figel PLLC in the arbitration between Starbucks Corp. and Mondelez International Inc. that resulted in a $2.79 billion victory for Mondelez.
Starbucks Corp. said it would pay Mondelez International Inc. $2.79 billion to settle a dispute over distribution in the coffee-shop chain’s bagged-coffee unit, as grocery-store sales become a growing part of the business.
Extended Stay America Inc., the largest owner of mid-price long-stay hotels in the U.S., raised $565 million in an initial public offering, almost tripling the return on paper for its private-equity and hedge fund owners.
After two decades of battles by public health advocates, the artery clogging trans fats common in cookies, frozen pizzas and other processed foods have been deemed unsafe by U.S. regulators, opening the door to a ban.
Blackstone Group LP, Centerbridge Partners LP and Paulson & Co. are poised to almost triple their investment when Extended Stay America Inc. goes public, three years after the firms bought the hotel chain out of bankruptcy.