Elon Musk s Twitter deal could tank the leveraged buyout market HEAD TOPICS
Elon Musk s Twitter deal could tank the leveraged buyout market
10/22/2022 1:08:00 AM Elon Musk s Twitter deal could tank the leveraged buyout market
Source The Verge
Elon Musk s Twitter deal could tank the leveraged buyout market Morgan Stanley, Bank of America, and Barclays are holding Musk’s beer Congratulations to Morgan Stanley, Bank of America. and Barclays! You are holding the beerKristen Radtke / The Verge; Getty IMagesElon Musk’s antics have made it hard for his banks — Morgan Stanley, Bank of America, and Barclays — to sell the debt required to do the Twitter deal. So they’re just going to hold it, all $13 billion of it, reports. Truly a next-level “hold-my-beer” move, because it threatens to bring leveraged buyouts to a halt.Typically, a bank sells the debt used to create a buyout, and moves on to the next deal. But since they’re holding Musk’s beers, they don’t have a free hand to hold anyone else’s. Or, as Read more:
The Verge » Hilarie Burton Morgan Is a True Crime Junkie-Turned-Small Town Hero Wales NHS: Health minister's 'hell on earth' funding warning Welsh government lawyer killed himself, coroner finds Morgan Evans Reflects on 'Difficult Time' Amid Kelsea Ballerini Split Starbucks is helping to cover the cost of fertility treatment for part-time employees
Thousands of women are picking up part-time jobs at Starbucks to expand their families. Here's how the coffee giant is changing the lives of struggling couples. Read more >> Bottom line is, MuskIsEvil, right? 😁 Explain to me like I am 5 Hilarie Burton Morgan Is a True Crime Junkie-Turned-Small Town HeroThe former 'One Tree Hill' star is all about righting legal wrongs on the new season of her emotionally shattering true crime show. Wales NHS: Health minister's 'hell on earth' funding warningEluned Morgan says the Welsh NHS will need another £207m for energy alone this winter. Welsh government lawyer killed himself, coroner findsOwain Vaughan Morgan had not suffered depression until 2020, and was found dead the following year. Morgan Evans Reflects on 'Difficult Time' Amid Kelsea Ballerini SplitMorgan Evans is baring his soul with his new single, 'Over For You.' Morgan County high school student saved after going into sudden cardiac arrest at school'It means a lot to me — more than they could possibly imagine.' Weeks after his life was saved, a Monrovia High School student is thanking those who helped him after going into cardiac arrest. 10 things to know about San Diego Wave FC and its historic first NWSL seasonLed by World Cup champion Alex Morgan, San Diego Wave FC is in the semifinals of the NWSL playoffs, and they've already made history in their inaugural season. Oct 21, 2022, 10:08 PM UTC Congratulations to Morgan Stanley, Bank of America.MC: I followed that.Thousands of taxis dispatched following 999 calls "Just to give you context, we put by £170m to address the backlog, so it's more money than we had to address the backlog," she explained.Image caption, Owain Vaughan Morgan's responsibilities included writing Covid laws for he Welsh government A Welsh government lawyer whose job included writing Covid laws killed himself after struggling with work pressure and pandemic lockdowns, an inquest heard. and Barclays! You are holding the beer Kristen Radtke / The Verge; Getty IMages Elon Musk’s antics have made it hard for his banks — Morgan Stanley, Bank of America, and Barclays — to sell the debt required to do the Twitter deal. So they’re just going to hold it, all $13 billion of it, reports . But then this weird small-town thing happened where I was invited to the same charity fundraisers as the judge. Truly a next-level “hold-my-beer” move, because it threatens to bring leveraged buyouts to a halt.. Typically, a bank sells the debt used to create a buyout, and moves on to the next deal. That was very distressing to me. But since they’re holding Musk’s beers, they don’t have a free hand to hold anyone else’s. The hearing was told that in January 2020, Mr Morgan was promoted to his first managerial role as a lawyer with the Welsh government. Or, as The WSJ puts it, “The Twitter move threatens to bring the faltering leveraged-buyout pipeline to a standstill by tying up capital that Wall Street could otherwise use to back new deals. So my team put out feelers. Waiting lists for planned operations in Wales have grown to another record, exceeding three-quarters of a million for the first time.” Part of the reason for holding Musk’s debt is because the appetite for it has decreased due to (waves vaguely at the Fed) financial conditions. But part of it is Musk’s mercurial approach to the deal: Mr.” It was—and it has been incredibly alarming. Musk and Twitter have until Oct. Image caption, Russell George says the Welsh government needs to '"take responsibility" for long NHS waiting times "This failure to plan for the re-opening of hospitals has meant the delivery of healthcare is out of control - staff are doing their best to cope with demand but a lack of leadership from the centre has meant the minister leaving the NHS totally adrift," he added. 28 to close his planned purchase, and there is still no guarantee the unpredictable billionaire will follow through or some other trouble won’t arise. The cases that they've looked at over the years, the cases they've been involved in, they don't get reexamined when someone gets kicked off the bench or disbarred. His GP, Huw Davies, detailed how over several months Mr Morgan's mental health was monitored and he was given support, including being signposted to cognitive behavioural therapy. (If the deal doesn’t close by that time, the two parties will go to court in November.) That means the banks wouldn’t have enough time to market the debt to third-party investors , a process that normally takes weeks, even if they wanted to sell it now. That's really frustrating to me because we have so many Americans imprisoned right now, and even if one or two percent of them who are wrongfully convicted, that's thousands of people." More on this story. Emphasis mine, obviously. The downside of being unpredictable is that money types really, really do not like surprises! Join the conversation . There are resources like advocacy groups in larger cities; small towns lack that, and so if we can provide that resource to other small towns, like where I have the privilege of living, that's a worthwhile endeavor.