Latest news with #DineshNair
Bloomberg
a day ago
- Business
- Bloomberg
Wacker Neuson's Main Shareholders Are Said to Explore Sale
By , Aaron Kirchfeld, and Dinesh Nair Save Wacker Neuson SE 's major shareholders are considering a sale of the German construction equipment maker, people with knowledge of the matter said. Some top Wacker Neuson investors are working with an adviser to gauge interest in their stakes, the people said, asking not to be identified because the information is private. Private equity firms are among suitors that have been studying the company, according to the people, who asked not to be identified because the information is private.
Business Insider
3 days ago
- Business
- Business Insider
BASF starts $6.8B sale of its coatings business, Bloomberg reports
BASF (BASFY) SE recently sent out information to potential suitors for of its coating business, in a process that could value the union at $6.8B, Dinesh Nair, Eyk Henning, Swetha Gopinath, and Pamela Barbaglia of Bloomberg reports, citing people familiar with the matter. Carlyle Group (CG) is considering bidding for the coating business with Sherwin-Williams (SHW), the sources added, Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Bloomberg
23-05-2025
- Business
- Bloomberg
Capgemini Is Said to Pause Talks to Buy Outsourcing Firm WNS
By , Ryan Gould, and Dinesh Nair Updated on Save French IT services firm Capgemini SE 's discussions to acquire outsourcing company WNS Holdings Ltd. have stalled, according to people familiar with the matter. The talks have ground to a halt following the global market volatility, said the people, who asked not to be identified discussing private information. Capgemini had been in advanced discussions to acquire the outsourcing firm, Bloomberg News reported last month.
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Business Standard
04-05-2025
- Business
- Business Standard
Shell weighs BP buyout as rival's stock weakens amid oil price slump
The oil major has been more seriously discussing the feasibility and merits of a BP takeover with its advisers in recent weeks Bloomberg By Dinesh Nair, Vinicy Chan, William Mathis and Eyk Henning Shell Plc is working with advisers to evaluate a potential acquisition of BP Plc, though it's waiting for further stock and oil price declines before deciding whether to pursue a bid, according to people familiar with the matter. The oil major has been more seriously discussing the feasibility and merits of a BP takeover with its advisers in recent weeks, the people said, asking not be identified because the information is private. Any final decision will likely depend on whether BP stock continues to slide, the people said. Shares of BP have already lost nearly a third of their value in the last 12 months as a turnaround plan has fallen flat with investors and oil prices tumbled. Shell may also wait for BP to reach out or for another suitor to make a first move, and its current work could help it get prepared for such a scenario, some of the people said. Deliberations are in the early stages and Shell may opt to focus on share buybacks and bolt-on acquisitions rather than a megamerger, they said. Other large energy companies have also been analyzing whether they would want to bid for BP, the people said. 'As we have said many times before, we are sharply focused on capturing the value in Shell through continuing to focus on performance, discipline and simplification,' a spokesperson for Shell said in an emailed statement. A representative for BP declined to comment. A successful combination of Shell and BP would be one of the oil industry's largest-ever takeovers, bringing together the iconic British majors in a deal that's been discussed on and off for decades. The companies were once close rivals — with a similar size, reach and global clout — but their paths have diverged in recent years. Shell's stock is down about 13% in London trading over the last 12 months, giving the company a market value of £149 billion ($197 billion). That's more than double the £56 billion market capitalization of BP. BP has been battling prolonged underperformance stemming in large part from a net-zero strategy embraced by its former Chief Executive Officer Bernard Looney. His successor, Murray Auchincloss, announced a reset in February that included a pivot back to oil, cuts to quarterly share buybacks and promises to sell assets. US President Donald Trump's trade war and a surprise acceleration in supply by OPEC+ has since pushed Brent crude well below $70 a barrel — the price assumption for BP's financial targets — and investors are growing impatient. Activist firm Elliott Investment Management has gone public with a 5% holding in BP and is calling on the company to consider more transformative measures. Elliott views BP's plan as lacking ambition and urgency, and believes it could potentially expose the company to a takeover, Bloomberg News reported in April. Under CEO Wael Sawan, Shell has also been cutting costs, shedding poorly performing renewables units and refocusing on fossil fuels. While Shell's stock has outpaced that of Chevron Corp. and Exxon Mobil Corp. in recent years, the company's valuation has yet to match those of its big oil rivals in the US. Sawan told analysts Friday that Shell will 'of course' keep looking at inorganic opportunities but will be prudent and 'the bar is high.' Any deal would need to add to free cash flow per share in a relatively short period, he said. 'I have said in the past that we want to be value hunters. Today, value hunting – in my view – is buying back more Shell' stock, Sawan said on the conference call. He added that 'we have to have our own house in order' before looking at sizable acquisitions, and that the company has 'more work to do' to reach its full potential despite the progress it's made over the past couple years. Shell is doing deals where it has the capability to create value, such as with its purchase of liquefied natural gas trader Pavilion Energy Pte, Sawan said. A successful takeover of BP could bolster Shell's output growth by allowing the company to regain exposure to the US, after it sold its Permian Basin shale assets to ConocoPhillips in 2021.
Rakyat Post
21-04-2025
- Politics
- Rakyat Post
Singapore Company Says Sorry For Jalur Gemilang Error, Recognises Flag's Significance For Malaysians
Subscribe to our FREE Singapore Lactation Bakes (SLB) recently had its booth swiftly taken down at the TCE Baby Expo in Mid Valley over the weekend after its backdrop featured Malaysia's Jalur Gemilang without the crescent moon. TCE Baby Expo's organisers apologised and acted swiftly to shut down the booth. In their statement, they promised to carry out an internal investigation and stricter content review processes. READ MORE: SLB had also issued a public apology expressing their deepest regret and admitted their serious oversight in their introductory launch video. SLB said they recognised the profound significance of the national flag as a symbol of Malaysia's identity, heritage, and unity. The company added that they never intended to cause offence or disrespect in any way. They take full responsibility and have removed the video, adding they were grateful for those who brought the error to their attention and would continue learning from their mistakes. Admittedly, the timing of the incident was terrible because it occurred a few days after two Chinese local dailies, Sin Chew Daily and Kwong Wah Yit Poh, made similar blunders and drew ire from people, especially the Muslim community since the crescent moon symbolised the religion. READ MORE: READ MORE: READ MORE: While some claimed the mistakes were meant to provoke, a netizen said the incident showed the alleged over reliance on AI in the design and creative process still needs a human at the end of the process to review the whole product. This led to many questioning why no one did a double check before releasing the product and how the person responsible missed such a glaring mistake. Absolutely fucked up times to be living in when it's clear as day that the problem is AI, the shit that the government and capitalists are shoving in our face as "necessary", but instead of the obvious problem the ethnofascists are talking about plots involving communists — auntymarx (@auntymarx) No, being a racist is what fuels it — auntymarx (@auntymarx) Repeat after me, the problem isn't AI. The problem is the average Malaysian idiot not checking the output of tools and not being able to discern mistakes. Add in the corollary that the average Malaysian idiot was lazy af to use AI instead of drawing the flag himself, and you've… — Dinesh Nair (@alphaque) eh hello, lucky enough la got AI to blame. but even if it's AI mistake, no one ever bothered to do some checking first ke? why, cuz even the brain is using AI issit? also, calling out stupid mistake ≠ racist ok. stop playing the racist card — wiwiwi (@cobxlt60) A mature society will look at the Sin Chew flag controversy and start discuss the issue of AI ethics and its role in journalism. But of course it seems like the focus is on blind nationalism on top of internalized racism. — Nabil Ersyad (@NabilErsyad) Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
