Tag: Shareholder

BusinessFinanceLegal

Deutsche Bank Challenges Ardagh’s $10 Billion Debt Restructuring Plan

Deutsche Bank and activist hedge fund Carronade Capital are reportedly attempting to block Ardagh Group’s $10 billion restructuring agreement. The dissenting bondholders argue the deal disadvantages holders of payment-in-kind bonds while providing substantial payouts to shareholders.

Major Creditors Challenge Packaging Giant’s Restructuring

Deutsche Bank and activist hedge fund Carronade Capital are reportedly attempting to block a $10 billion restructuring deal between Irish billionaire Paul Coulson and the majority of Ardagh Group’s bondholders, according to financial industry sources. The Luxembourg-based packaging giant, one of the world’s largest producers of glass and metal drinks containers, announced the comprehensive restructuring agreement in July following extended negotiations with creditors.

by Darren Holt
AIBusiness

CoreWeave’s $5 Billion Core Scientific Acquisition Faces Mounting Shareholder Opposition

CoreWeave’s ambitious $5 billion acquisition of Core Scientific faces mounting opposition from major shareholders ahead of a critical October 30 vote. Gullane Capital, the third-largest shareholder, has joined other investors in rejecting the current terms, citing valuation concerns and structural issues with the stock conversion deal.

Major Shareholder Joins Opposition to CoreWeave’s Acquisition Plan

A $5 billion merger crucial to CoreWeave‘s expansion in the artificial intelligence sector faces increasing uncertainty as another major investor has announced opposition to the deal. According to reports, Trip Miller, founder of Gullane Capital and the third-largest shareholder in Core Scientific, stated he would vote against the proposed acquisition by rival data center firm CoreWeave.

by Natalie Brooks