Preserving Capital through Bankruptcy

by Doug French via Mises The New York Times recently published a piece entitled “When Kmart Moved Out, Churches and Flea Markets Moved In.” The article, penned by Kevin Williams, provides an instructive subtitle: “The retailer’s former stores are being used by tenants that might …

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Grab founder to have 60.4% controlling interest despite owning a 2.2% stake if SPAC deal goes through

https://www.ft.com/content/4e23cd61-1a8d-4dc5-aba1-8565fce31882 no paywall version: https://asia.nikkei.com/Business/Business-Spotlight/Grab-s-40bn-SPAC-plan-puts-CEO-Anthony-Tan-in-driver-s-seat Grab, the Southeast Asian ride hailing + food delivery + fintech + more buzzwords company receives a $40bn valuation and its founder retains 60.4% voting rights?! According to the FT article I linked, this is similar …

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