|Bid||35.65 x 900|
|Ask||38.00 x 800|
|Day's Range||37.78 - 38.59|
|52 Week Range||20.80 - 38.59|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||39.19|
|Earnings Date||Apr 28, 2021 - May 03, 2021|
|Forward Dividend & Yield||1.00 (2.63%)|
|Ex-Dividend Date||Feb 12, 2021|
|1y Target Est||41.11|
(Bloomberg) -- Rolls-Royce Holdings Plc has whittled down the list of potential buyers for its ITP Aero division to suitors including KKR & Co. and Bain Capital, according to people familiar with the matter.The two private-equity suitors are among those who have advanced to the next round while bidders including Carlyle Group Inc. and CVC Capital Partners have dropped out, said the people, asking not to be identified because discussions are private.Buyout firm TowerBrook Capital, which owns Spanish aircraft supplier Aernnova, and its bidding partner Onex Corp. are also still interested in ITP, the people said. Spanish manufacturer Aciturri Aerostructures may team up with one of the other bidders, the people said.Rolls said last month the planned disposal of ITP Aero is progressing well, reporting “ongoing conversations” with a number of potential buyers. The unit could fetch about 1.5 billion euros ($1.8 billion) and next bids are due in May, people familiar said.The London-based manufacturer is seeking to divest the Spanish aircraft equipment supplier as part of a plan to raise more than 2 billion pounds ($2.8 billion) from asset disposals.The U.K. company is coming off a harrowing year that saw it cut 7,000 jobs as the coronavirus crisis grounded the wide-body jets that use its engines, stifling vital maintenance revenue.Representatives for Rolls, KKR, Bain, Carlyle, CVC and TowerBrook declined to comment while Onex and Aciturri couldn’t be immediately reached outside usual business hours.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Global investment firm The Carlyle Group (NASDAQ: CG) announced today that it has agreed to sell Liberty Tire Recycling ("Liberty" or the "Company") to ECP, an investor with a decades-long reputation in the environmental and sustainable solutions sector. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2021.
(Bloomberg) -- Carlyle Group Inc. plans to bring most staff back to its offices on a regular basis by September, although many will continue working remotely part of every week for the foreseeable future.“By the fall, we’ll be able to sort of open all of our offices in a more fulsome way,” Reggie Van Lee, Carlyle’s chief transformation officer, said Wednesday during a Bloomberg Live event. “We are hoping for the fall and being agile in the meantime.”The private-equity firm is trying “not to be overly prescriptive” when it comes to remote work, Van Lee said. He expects some staff to come in daily, while others do so periodically -- perhaps as infrequently as once a quarter -- to ensure that Washington-based Carlyle is able to keep up with “community building.”Wall Street is diverging in its staffing expectations, with some executives at the largest banks anxious to get employees back to the office to foster more collaboration and win business. Other firms, like Apollo Global Management Inc. and Two Sigma Investments, have been testing plans for their staffs to work remotely a few days a week as pandemic restrictions ease.Read more: Apollo to Test Partial Remote Work as Vaccinations Increase “The bigger reality is that, overwhelmingly, people need to work with others,” Van Lee said. “So I don’t think you’ll find mass swarms of people that will be working remotely.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.