Madison Square Garden Partners With TAO Group

Madison Square Garden Partners With TAO Group

The Madison Square Garden and TAO Group on Wednesday said that Madison Square acquired a 62.5% common equity interest in a newly formed TAO Group for $181 million, plus a potential performance earn-out of up to $25.5 million. Madison said this partnership strengthens its portfolio of live offerings with an entertainment dining and hospitality group that generates substantial adjusted operating income, and provides significant potential for growth. TAO Group’s team […]

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UK Consumer Confidence Holds Up in Fourth Quarter

UK Consumer Confidence Holds Up in Fourth Quarter

UK consumer confidence showed resilience in the final three months of 2016 despite a slight easing in private sector growth amid uncertainties relating to the nation’s referendum decision to leave the European Union (EU) last June. Business consultancy firm Deloitte said on Monday that the reading on its quarterly consumer confidence index, which is produced using using responses from 3,000 people polled between December 31 and January 2, fell to […]

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Virtus Investment Partners Prices Common Offering

Virtus Investment Partners Prices Common Offering

Shares of Virtus Investment Partners were slightly lower pre-market Friday after the asset management firm said it priced two public offerings, with one offering consisting of 910,000 common shares at a price of $110 per share, equal to a 0.1% discount relative to Thursday’s closing price. The company also priced 1 million shares of its 7.25% mandatory convertible preferred stock at a price and liquidation preference of $100 per share. […]

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Diageo Profits Advance in First Half

Diageo Profits Advance in First Half

UK drinks maker Diageo, whose brands include Johnnie Walker, Smirnoff and Baileys, posted a jump in its operating profit and sales in its fiscal first half of the year, driven by accelerating organic growth and favorable exchange rates. Operating profit rose by 28% to 2.07 billion pounds ($2.60 billion) in the six months ended January 31st from 1.61 billion pounds in the same period a year earlier, the company said […]

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McDermott International Gets Two Contracts

McDermott International Gets Two Contracts

McDermott International said early Wednesday it was awarded an offshore pipelay contract in the Middle East, without disclosing the value of the contract. The pipelay contract, which the company said was “sizeable in value”, includes the engineering, procurement and installation of two oil pipelines offshore, according to its statement. Work is expected to begin immediately and will be reflected in McDermott’s Q4, 2016, backlog. The contract is anticipated to be […]

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