SAGE ADVISE: Practice of Abandonment >> IF we did not do this already, would we go into it now?
ACTION TO RESULTS: Ask the question posed above and if the answer is no, make the tough choice to abandon a cherished business – Management Challenges for the 21st Century.
BOTTOMLINE: Let our senior executive advisors ( riseSEA ) help you look at your sunk cost vs. your future growth. Abandonment could be important for growth. Ask Victoria to setup call today!
Our motto is “Say Provocative statements that intelligent people argue about fast without dotting your I’s and crossing your T’s. As life is all about fun and results!” – JD Morris
PROVOCATIVE STATEMENT: “Always try to pivot first. Pivoting makes abandonment look like a part of the game plan!!” – JD Morris
PIPELINE 2017-11-12 M&A
** French agricultural group InVivo said on Friday it was buying gardening chain Jardiland for an undisclosed amount as it expands its presence in retailing.
** An overseas institutional investor paid $395.8 million on Friday to buy 3.33 percent of Vietnamese dairy firm Vinamilk , the country’s biggest listed company, the Ho Chi Minh Stock Exchange said on its website.
** Chinese steelmaker Delong Holdings has set up a steel manufacturing joint venture in Indonesia with Indonesia Morowali Industrial Park and Shanghai Decent Investment Group.
** Russia’s Alfa Telecom is interested in increasing its stake in mobile operator Turkcell by buying out Turkish firm Cukurova, which missed a recent debt repayment and could consider offers, two sources close to the matter told Reuters.
** Russia’s largest electronics retailer M.Video is in preliminary talks with Chinese online retail giant Alibaba about possible cooperation, an M.Video spokesman said on Friday.
** Pfizer Inc said on Friday it has sold its 49 percent stake to exit a joint venture it had set up with China’s Zhejiang Hisun Pharmaceuticals in 2012 to develop and market generic drugs.
** Chinese online content platform Bytedance said it would buy popular lip-sync platform Musical.ly, in a deal seen valued at up to $1 billion that underlines the global ambitions of the fast-growing tech startup.
** Global asset manager Blackstone Group LP has reached a deal to acquire China-based cosmetics packaging firm ShyaHsin Packaging (China) Co Ltd for about $800 million to $900 million, four people with knowledge of the matter told Reuters.
** Mexico’s Alpek said on Thursday that it had entered into a 60-day period with ContourGlobal to negotiate final agreements for potential sale of cogeneration power plants in Mexico.
** Menswear group Trinity Ltd said Shandong-based textile maker Shandong Ruyi International Fashion Industry Investment Holding Co Ltd has agreed to buy shares representing 51.38 pct of its enlarged share capital for HK$2.22 billion ($284.62 million), raising funds for future acquisitions and to repay debt.
** CBS Corp’s buyout of embattled Australian broadcaster Ten Network Holdings won approval from an Australian court, leaving only sign-off from the nation’s securities regulator before the deal is done.
** Greece’s Eurobank said it is close to finalising a deal to sell its Romanian subsidiaries to Banca Transilvania.
** Indonesia’s financial services authority (OJK) confirmed that Mitsubishi UFJ Financial Group (MUFG) is interested in buying a stake in Bank Danamon Indonesia . (Compiled by Diptendu Lahiri and Vibhuti Sharma in Bengaluru)
DISCLAIMER: This information is provided by AP, Bloomberg, Forbes, Fortune, preqin, Reuters, TechCrunch, VentureBeat, Wall Street Journal (WSJ), and other 3rd party sources. Please check with the company website as this a beta blog and will not be updated.
Happy Networking and Investing,