Raffles will get out of hotel operations
Article Abstract:
Singapore-based Raffles Holdings Ltd., which manages or partly owns 41 hotels worldwide, is selling its entire hotel enterprise to Colony Capital LLC of the United States. Currently ranking 17th or 18th in market capitalization and number of rooms internationally, Raffles chose to exit the hotel business rather than pursue the potential investments and cash calls it would require in order to establish a competitive global standing for itself.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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New Germany board seeks support
Article Abstract:
New Germany Fund Inc. of the United States is facing management infighting as dissident investor Phillip Goldstein attempts to terminate closed-end fund status. The Board of Directors says this management move is not in the best interest of longterm shareholders.
Comment:
New Germany Fund Inc. of the United States is facing management infighting as dissident investor Phillip Goldstein attempts to terminate closed-end fund status.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2005
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More companies tap LBO firms for funding
Article Abstract:
The popularity of using funding from leveraged buyout companies is increasing, but the amount of fees that need to be paid for the investment may damage a business' finance over time.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2000
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