Latest news with #equityvalue
Bloomberg
29-07-2025
- Business
- Bloomberg
Union Pacific Bid Values Norfolk Southern at About $320 a Share
Union Pacific Corp. is nearing an agreement for a stock-and-cash deal for Norfolk Southern Corp. that would value the smaller rival at about $320 a share, people familiar with the matter said, in what would be the rail industry's biggest-ever tie-up. The offer would be comprised of about two-thirds stock and one-third cash, said the people, who asked not to be identified because the information is private. At $320 a share, Norfolk Southern's equity value would be about $72 billion, according to Bloomberg calculations.
Bloomberg
12-06-2025
- Business
- Bloomberg
New World Bondholders Want More Disclosure on Financing Plans
New World Development Co. bondholders are growing frustrated with the level of financial disclosure by the cash-strapped developer as it prioritizes communication with banks during critical loan talks. The distressed Hong Kong builder has less than three weeks to complete an HK$87.5 billion ($11.2 billion) loan refinancing deal before a covenant waiver expires at the end of the month. Debt advisers, meanwhile, have said that they think a liability management exercise on the bonds would be the only way for New World to preserve equity value, and are urging noteholders to band together to resist any such move.
