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The Latest Breaking News from CDR

Italian reporters to protest over boss’s gaffe-filled Olympic commentary

Director of state broadcaster Rai Sport welcomed viewers to wrong stadium and mistook Italian actor for Mariah Carey

The Guardian - UK

CDR Health's Mission to Restore Care in Crisis: How Tina Vidal-Duart Leads a Nationwide Humanitarian Network

CDR Health is aiming to redefine what it means to bring healthcare to people when and where they need it most.

Medical Daily

Resideo Technologies: Institutional Activity Signals 30% Upside

Resideo Technologies' stock price is poised to surge higher now that it has crossed a critical inflection point, with triple-digit gains within reach.

MarketBeat

From analysis to the latest developments in health,
read the most diverse news in one place.

Dueling Insider Moves: Heavy Buying Here, Big Selling There

Private equity is spending big to buy into a little-known building stock. Meanwhile, one of the biggest winners in tech just saw its CEO sell millions.

MarketBeat

From Startup Survival to Pandemic Response: Tina Vidal-Duart's Leadership at CDR Health Is Changing Lives

From managing crisis relief to delivering frontline care when hospitals are inaccessible, CDR Health remains committed to protecting communities in their most vulnerable moments.

International Business Times

Sanofi confirms €16 billion sale of painkiller Doliprane to US investors

French pharamceutical giant Sanofi has confirmed plans to sell a controlling stake in its over-the-counter unit to a US investment fund, after employment and investment guarantees relieved political controversy.

Radio France Internationale

France Bristles At Painkiller Maker's Sale To US Fund

French drugmaker Sanofi's Monday confirmation that it plans to sell a controlling stake in its over-the-counter unit to a US investment fund sparked a new political backlash, stoked by fears the deal marks a loss of sovereignty over key medications.

International Business Times

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France warns US buyer of Sanofi division of penalties for shifting production abroad

Private equity firm CD&R revealed to be in exclusive talks to buy 50% stake in consumer healthcare arm Opella

The Guardian - UK

Sanofi Pursues Sale Of Painkiller After Political Controversy

Sanofi confirmed on Monday plans to sell a controlling stake in its over-the-counter unit to a US investment fund, after employment and investment guarantees relieved political controversy.

International Business Times

Morrisons agrees £331m property deal on extra long leases to cut debt pile

Transaction will reportedly provide investment firm Song Capital with ground rent on 76 supermarkets for 45 years

The Guardian - UK

Morrisons to buy back £1bn of debt after petrol forecourts sale

The supermarket, owned by US private equity firm Clayton, Dubilier & Rice, had net debts of £8.5bn at the end of October last year, according to its most recent financial report

Evening Standard

Morrisons sheds more than 8,800 jobs during another year of £1bn-plus losses

Latest annual accounts show supermarket paying price for debts taken on during 2021 takeover

The Guardian - UK

9 get life term, 41 others acquitted in 1992 Kumher massacre case

31 yrs after Kumher massacre in Rajasthan, 9 sentenced to life imprisonment & 41 acquitted. 254 homes destroyed & 16 Dalits burnt alive. 45 injured. CBI investigated, 283 witnesses & 83 accused. Judge convicts 9 & sentences to life, imposes fine. CDR appeals for stern punishment.

The Hindu

CBI registers alleged loan fraud case against GTL Infrastructure; unknown officials of 13 banks also under scanner

CBI registers case against GTL Infrastructure and 13 banks for causing losses of hundreds of crores. Alleged financial impropriety and irregularities in credit facilities extended to GTL

The Hindu

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Dynamite News

Nikki murder case: Court directs preservation of call detail record of accused

Delhi's Dwarka court on Tuesday directed to preserve the Call Detail Record (CDR) along with the mobile location of one of the accused Lokesh Yadav in the Nikki Yadav murder case. Read further on Dynamite News:

The Guardian - UK

Morrisons slumps to £1.5bn pre-tax loss after private equity takeover

Substantial portion of loss relate to finance costs, as figures underline concerns about private equity model

The Guardian - UK

Is private equity tearing the soul out of Morrisons supermarket?

The UK chain’s thrifty founding family would never have run it this way. Now, with high debts and falling profits, signs look grim

The Guardian - UK

How much of Morrisons’ weak financial result was self-inflicted?

The grocer’s buyout by a US private equity firm in late 2021 was spectacularly badly timed

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news in one place.

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Insider UK

McColl’s merger with Morrisons only raises concerns 'in a small number of areas'

Supermarket chain has a week to offer proposals to address the competition concerns identified

Wales Online

Morrisons facing investigation over McColl's takeover

Competition watchdog to probe £190m rescue deal

Financial Times

Selling to yourself: the private equity groups that buy companies they own

Private equity groups are increasingly buying companies that they already own. But critics point to conflicts of interest within these deals that allow managers to reap great financial rewards

Birmingham Post

Morrisons could look to bring investors to Grimsby's Europarc with seafood site sale and leaseback

New owners poised to inject cash into the business with portfolio shake-up

Birmingham Post

Morrisons takeover by US private equity can go ahead, watchdog confirms

The Bradford retail is set to be acquired by Clayton, Dubilier & Rice which previously owned discount retailer B&M

Benzinga

CD&R, TPG Take Covetrus Private In $4B Deal

Clayton, Dubilier & Rice (CD&R), a private investment firm, and TPG Capital will acquire animal-health technology and services company Covetrus Inc (NASDAQ:CVET) for $21.00 per share, representing an enterprise value of approximately $4 billion. CD&R and its affiliates currently beneficially own approximately 24% of the company's outstanding shares of common stock. The transaction…

Benzinga

Raymond James View Skewed Scenarios On Absent Supportive Bid For This Animal Health Stock

Raymond James downgraded the rating on Covetrus Inc (NASDAQ:CVET) from Outperform to Market Perform and removed the prior $22 price target after the company received a buyout at $21 per share. Though $21 may not ultimately prove to be the final resting place in terms of the offer price. Raymond James believes the proposed purchase…

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