Credit & Capital

M&A

Wexner Sells 55% of Victoria’s Secret for $525M

The sale of Leslie Wexner's controlling stake to Sycamore Partners is "an admission that [he] couldn’t revive the fortunes" of the troubled lingerie brand.

Matthew Heller
February 20, 2020
M&A

Morgan Stanley to Buy E-Trade for $13B

The deal could prompt more consolidation in the online brokerage industry.
M&A

Ally Financial to Buy CardWorks

The deal will provide "instant capability and scale opportunity" in credit cards and merchant services.
Technology

Dell Sells RSA for $2B to Streamline Portfolio

The sale of the cybersecurity firm to an investor group "gives us greater flexibility to focus on integrated innovation across Dell Technologies."
Bankruptcy

Pier 1 Files Chapter 11, Plans Sale of Company

The filing is "intended to provide Pier 1 with additional time and financial flexibility" as it looks for a buyer.
Investor Relations

Is Your Dividend Merely a ‘Shiny Object’ to Investors?

Coca Cola epitomizes a frequent truth: that the value of dividends paid by old, mature companies can be wiped out by stagnant revenue and profits.
M&A

Three Ways of Driving Success in An Acquisition

While corporate development typically builds the deal model and prepares the synergy projections, the CFO’s team should pressure-test and calibrate them.
Investor Relations

‘Extreme Language’ in Earnings Calls Linked to Outperformance

Executives sway investors by using strong language to convey conviction about their expectations for future operating performance, academic study finds.
Bankruptcy

Newspaper Publisher McClatchy Files for Bankruptcy

The company said it would continue to operate as it restructures $700 million in debt.
Accounting & Tax

FASB Turns Up the Heat on Goodwill Impairment Testing

The accounting standard setter's apparent lean toward allowing public companies to amortize goodwill ignores key analytical and economic consequences.
Capital Markets

IPOs: How to Reverse the Winner’s Curse

Companies may have good reasons to go public, but the hoped-for shareholder return often doesn't come. Here are some thoughts for overcoming that obstacle.
Technology

SoftBank-Backed Online Store Brandless Shutting Down

Brandless fails at a direct-to-consumer model after three years of operations and $240 million in funding.
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