Bloomberg
Carlyle Seeks New Investors For McDonald’s $10B China Arm
Private equity company Carlyle Group Inc (NASDAQ: CG) reportedly intends to find new investors for its investment in McDonald’s Corp’s (NYSE: MCD) Chinese operations.
The buyout firm, which controls McDonald’s China, together with Trustar Capital, has been discussing shifting its ownership to a new investment vehicle.
The report added that the prospective deal would provide current limited partners the choice to sell or roll over their holdings while giving new investors access to the Business.
Hasbro In Talks To Sell Entertainment One Assets
Hasbro Inc (NASDAQ: HAS) is reportedly in talks with Entertainment One (EOne) founder Darren Throop to sell most of the film and TV studio’s assets.
Throop, who has previously served as the CEO of EOne, is said to be among the leading bidders.
Throop is said to have the backing of the private equity firm CVC Capital Partners.
Reuters
US Judge Halts Several Lawsuits Related To Johnson & Johnson’s Talc Products Caused Cancer
A federal bankruptcy judge Michael Kaplan temporarily held around 38,000 lawsuits alleging Johnson & Johnson’s (NYSE: JNJ) baby powder and other talc products caused cancer as a part of J&J’s second attempt to settle thousands of talc cases in bankruptcy proceedings.
In 2021, Johnson Johnson spun off its subsidiary, LTL Management, to carry its talc-related liabilities and file for Chapter 11 bankruptcy protections.
The report added that the freeze on jury trials would last through mid-June while LTL moves through bankruptcy.
Warren Buffett-Backed BYD Plans To Build $290M Lithium Facility In Chile
Warren Buffett-backed EV maker BYD Company (OTC: BYDDY) plans to build a $290 million lithium cathode factory in Chile, per the Chilean economic development agency CORFO.
The proposed facility will be located in Chile’s northern Antofagasta region.
The Chilean government has named BYD as a qualified lithium producer. The government qualification enables BYD to access lithium carbonate quotas at preferential prices.
Ford CEO Jim Farley Heaps Praise On China EV Maker That Is In ‘Totally Different World Than Tesla’
Ford Motor Co (NYSE: F), currently ranked …
