US billionaire Stan Kroenke owns 67 percent of shares in The Gunners, through his company KSE, but he has reportedly done a deal to buy Uzbekistan-born Russian businessman Alisher Usmanov's 30 percent stake. The deal, which values the north London club at £1.8 billion (US$2.33 billion), marks the end of a decade-long battle for control of the club between Kroenke and Usmanov. In 2009 Kroenke bought enough shares to overtake Usmanov as the largest shareholder and two years later he bought a majority shareholding. Arsenal's majority shareholder Stan Kroenke is set to take full ownership of the football club in a deal valuing it at £1.8bn after the second largest shareholder Alisher Usmanov indicated he would accept the offer — Sky News Breaking (@SkyNewsBreak) 7 August 2018 Arsenal Have Fallen Behind Rivals But many Arsenal fans have accused the American of failing … [Read more...] about Stan’s Gunner Go for It: But Why Does Kroenke Want to Buy All Shares in Arsenal?
Why does company buy back shares
This post originally appeared in Money Stuff.I am going to tell you a story about a random company doing a random trade that is close to my heart, not for any particularly important reason but just because sometimes the world is interesting. Intrexon Corp. is a $1.9 billion market-cap biotech company that issued $200 million of convertible bonds last week. The way convertible bonds work is that they are bonds that can be converted into stock: You sell them for $1,000, and at the end of (in this case) five years investors either get a fixed number of shares of stock (if the stock is up more than a certain amount over those five years) or just get their $1,000 back. They are sold to a mix of investors, many of whom are “convertible arbitrageurs” who buy the bonds and sell short some of the underlying stock. The arbitrageurs aren’t betting on your stock price; they’re hedging out the stock risk and betting, essentially, that your stock will be … [Read more...] about Company Lends Stock to Bank. Bank Shorts Stock to Company’s CEO. Any Questions?
People are worried about stock buybacks.One strain of thinking that I see a lot of these days is a sort of crypto-gig-utopianism. The idea here is that some modern technologies—the internet, which allows people all over the world to come together to do stuff; smartphones, which allow you to access that stuff instantly wherever you are; blockchain and cryptocurrencies, which allow distributed coordination among independent agents without a central coordinator who owns the results—have reduced transaction costs to the point that traditional firms are unnecessary. You don’t need a big corporation with a chief executive officer and layers of middle management and a human-resources department and stock options and a permanent headquarters to centrally plan and coordinate projects. People who want a project to happen can form an ad hoc team to do the project, and raise money from people who want it done, and do it, and receive the rewards, and move on to the … [Read more...] about Companies Keep Buying Back Stock
It would be an understatement to say Deutsche Bank AG is going through a difficult period. It chalked up its third straight annual loss in 2017. The new chief executive officer, Christian Sewing, has unveiled the bank’s fourth turnaround plan in as many years, yet its shares have fallen to a record low. Almost daily, senior executives are being pushed out or are jumping ship. The U.S. Federal Reserve has placed the lender on its list of troubled banks. And next week, the Fed will say whether Deutsche Bank passed a stress test that measures the adequacy of its capital and risk controls.1. Why does Deutsche Bank seem mired in problems?Chief Financial Officer James von Moltke says the bank is suffering from “a vicious circle of declining revenues, sticky expenses, lowered rating, and rising funding costs.” It’s repeatedly tried to revive growth, without success. The bank’s problems include outdated information technology, weak leadership and heavy fines -- … [Read more...] about Why Deutsche Bank Can’t Just Shake Off Its Problems
For many companies, it will be the dawn of a brave new world which brings safeguards surrounding the use of data both for them and their clients. For others, the advent of GDPR is proving to be nothing more than an expensive inconvenience that’s currently impacting negatively on the way they’ve always worked. Whatever the reality, the new regulations are vast, wide-reaching and will require a bespoke response from every business affected by them. Quite apart from the reputational damage of getting it wrong, larger companies could also face fines of up to £17.5m, with the scale of the fine ultimately determined by the Knutsford-based Information Commissioner’s Office (ICO). Consequently, the time to act – if you’re not already – is now. So, what exactly is GDPR? The new General Data Protection Regulations (GDPR) will come into force on May 25. These new data protection laws are being introduced to protect the personal data of individuals living … [Read more...] about What is GDPR and what does it mean for you?