Corporate Finance

Finance Roundup for Executives

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Kerry MarunaFebruary 12, 2016

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How would you like to get a loan with an interest rate 1% to 2% lower than you’d likely be able to get otherwise, with a seven-year term during which you don’t have to repay any principal — and even then you’ll have to pay back only 80% of what you borrowed?

You may be skeptical, but such loans actually exist — that is, for borrowers who need the financing to start or expand a business, or develop a project, that will provide economic, social, or environmental benefit to a low-income area.

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Read: “Financing That’s Too Good to Be True — But Is

It is surely a promising sign for Terry Gou, the boss of Foxconn, that Japan’s largest business newspaper, the Nikkei, is reporting unflatteringly on his efforts to buy Sharp, a near-bankrupt electronics firm. At first the Innovation Network Corporation of Japan (INCJ), a government-backed fund, had seemed certain to snap up the company, and the Nikkei said little. But now the paper is calling Gou a domineering, wilful “warlord of business” with close ties to China who it says has antagonized Sharp’s management with its tactics. So he must be getting somewhere.

Gou scored a coup on February 5 when he appeared to secure Sharp’s agreement to favor Foxconn’s bid of ¥660 billion ($5.6 billion) for the firm, rather than that of the INCJ, which is offering about half as much. Gou says the two firms are set to strike a deal this month. If so, it would be one of the biggest foreign takeovers of a Japanese firm. Sharp says it is still talking to the INCJ.

Read: “Corporate Governance in Japan: Sharp Elbows

 

Teach CFOs See Lower Valuations But More Deals

Forty percent of CFOs surveyed by BDO plan to pursue deals in 2016 and nearly all see M&A activity at least matching last year’s record pace.

 

Corporate Governance in Japan: Sharp Elbows

New twists in the battle for control of an ailing electronics firm.

 

Finance that’s Too Good to Be True — But Is

A recently reauthorized federal program rewards investments in low-income communities.

 

Race Car Driver Accused of $2B Lending Scam

The payday lending scam made loans at exorbitant interest rates to 4.5 million Americans.

 

Mylan to Pay 92% Premium for Sweden’s Meda

After a relentless pursuit, pharmaceutical firm Mylan pays a large premium to acquire a company that sells over-the-counter drugs.

 

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