Carlyle, GIC sued by Qatari fund after busted deal to buy stake in AmEx Global Business Travel

📆 13/05/2020 05:41:00
📰 The Straits Times

⏱ Reading Time:
24 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Carlyle, GIC sued by Qatari fund on busted AmEx deal

NEW YORK - Carlyle Group and Singapore sovereign-wealth fund GIC are allegedly using fake excuses to renege on buying a 20 per cent stake in American Express Global Business Travel , according to claims in an unsealed lawsuit.

The dispute is among a half-dozen busted-deal cases tied to Covid-19 that have found their way to Delaware's business court. The state is the corporate home to more than half of US public companies and more than 60 per cent of Fortune 500 firms. Chancery court judges hear cases without juries and can't award punitive damages.

A spokesman for GIC didn't immediately respond to an email requesting comment sent outside normal business hours.

Écrire un Commentaire

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

KKR builds 5.2per cent stake in ProSieben, says company undervaluedPrivate equity investor KKR said on Monday it had acquired a stake of 5.2per cent in German broadcaster ProSiebenSat.1 Media , returning as an ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

KKR builds 5.2% stake in ProSieben, says company undervaluedPrivate equity investor KKR said on Monday it had acquired a stake of 5.2 per cent in German broadcaster ProSiebenSat.1 Media , returning as an ...
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »