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Toshiba gains breathing room with $5.4 billion share issue to overseas investors

8h reuters
TOKYO/HONG KONG (Reuters) - Toshiba Corp’s (6502.T) planned $5.4 billion new share issue to overseas investors is set to provide it with most of the funds it needs to avoid a delisting - a quickly arranged deal that underscores both the weakness of its finances and the allure of its chips unit. (74-0)

Toshiba Share Sale Opens Door to Einhorn, Loeb, Other Activists - Bloomberg

11h bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (67-0)

Toshiba $5 billion stock issue results in huge dilution but delisting risk removed

15h in.reuters
TOKYO (Reuters) - Toshiba Corp’s plan to raise some $5.4 billion through a sale of new shares will help it avoid a delisting, but will also see more 30 overseas investors, including activist funds, own 35 percent of the embattled conglomerate. (74-0)

Toshiba seeks $5.4 billion cash injection to avoid delisting

2017-11-19 livemint
Tokyo: Toshiba Corp. plans to sell shares to raise 600 billion yen ($5.4 billion) and will explore a divestment of its Westinghouse-related assets in a bid to avoid being removed from the Tokyo Stock Exchange. (59-0)

Shortage of commercial realty prompts global funds to target greenfield projects

2017-11-19 livemint
Mumbai: Scarcity of fully built office towers and retail complexes for sale, as well as intense competition for the few on offer—have prompted many global real estate investors to consider investing in such projects from the early stages of development itself, property consultants and advisors said. (71-0)

Tracking John Paulson's Paulson & Company Portfolio - Q3 2017 Update

2017-11-18 seekingalpha
Paulson & Company's largest three positions are the SPDR Gold ETF, Shire plc, and Mylan NV. (1155-6)

The Incredible Shrinking Bond Covenant | Institutional Investor

2017-11-17 institutionalinvestor
The contracts meant to safeguard high-yield bond investors are becoming less about protection and more about manipulating the system. (40-0)

Weekend Reading for Financial Planners (November 18-19) 2017

2017-11-17 kitces
Enjoy the current installment of “weekend reading for financial planners” – this week’s edition kicks off with the news that the CFP Board has decided to issue a second draft of its proposed changes to the CFP Standards of Conduct, which is expected to be released in mid-December with a comment period running in January of 2018. Also in the news this week was a new report from PIABA that points out 5 out of the 13 “public” members of FINRA’s Board of Governors (who are supposed to represent consumers and have no ties to the industry) actually do have substantive ties to the financial services industry, which raises the significant conflict-of-interest concern that the majority of FINRA’s Board is actually comprised of industry representatives (whereas it is supposed to maintain 13-out-of-24 board seats with non-industry public governors). (138-0)

One Way to Fix America’s Looming Retirement Crisis | Institutional Investor

2017-11-17 institutionalinvestor
Many Americans are ill-prepared for retirement, and traditional savings methods aren’t likely to cut it in the future. But there may be a way out of the mess — if plan sponsors are willing to think unconventionally. (40-0)

Cramer's lightning round: Opko Health is a 'neighborhood of pain'

2017-11-16 cnbc
Opko Health Inc.: "Oh my god, the quarter, not good. I mean, this thing has become a genuine house of pain. No, this is like a neighborhood of pain. And until [CEO] Dr. Frost comes on, we're going to back away. We have to. We have to." (207-0)

Private Equity-Backed IPOs: Spotlight On KKR

2017-11-16 seekingalpha
47 companies have gone public in 2017 with private equity backing, up 42% from the 33 IPOs during the full-year 2016. (52-0)

A High-Stakes Hedge Fund Battle Erupts Over Hovnanian Debt - Bloomberg

2017-11-16 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (43-0)

Billionaires Stunned as Da Vinci's Christ Sells for $450 Million - Bloomberg

2017-11-16 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (40-1)

Saudi Arabia Is Set to Become a Bigger Commodities Player - Bloomberg

2017-11-15 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (40-0)

Dealmakers Go Mall Shopping, Even If You Don't - Bloomberg Gadfly

2017-11-14 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (54-0)

CUSIP: 09257R101