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Friday, May 29, 2020

Billionaires and funds race to delist firms as coronavirus hits stock prices

Billionaires and funds race to delist firms as coronavirus hits stock prices

Asian tycoons and private equity funds are driving privatisation bids at the same pace as when stock prices slumped during the Sars outbreak in 2003, deal bankers say. Cash-rich hoteliers, health care companies among those ripe to go private, deal makers say, Take private deals in first quarter worth over US$14.6 billion versus US$287 million a year ago, Dealogic says
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