Move over, private equity: There are some new buyers in town, and they know their targets better than anyone. The potential moves to take their firms private mean they won’t have to deal with volatile markets and increasingly vocal shareholders. The deliberations reflect continued frustration at the gap between the company’s $126 billion market capitalization and the value of its sprawling investment portfolio. Hong Kong TycoonsThe trend has also caught on in Asia, where some of the most well-known companies are going into private hands. “It makes financial sense now to look at going private if your stock prices are trading lower," UBS’s Toledano-Koutsouris said.

Source: Mint September 14, 2020 19:52 UTC