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Issues in an MBO - 'Conflicts of Interest' and 'Asymmetries of Information' A management buyout (MBO) is an acquisition of a company (the 'target') by its management, in which the [...]

Japanese retail sales fell in May, continuing a three-year slide. The fall highlights the sluggish state of consumer spending, which is crucial for a recovery in the economy. Yesterday's announcement [...]

TOKYO -- With its stock nearly in free fall, the board of the Japanese manufacturer Nippon Sheet Glass met in August 2010 to weigh a couple of unpalatable options: Suspend planned investments in main markets like China or go ahead with a Tokyo share offering that had somehow leaked to the market. The board, including Craig Naylor, the company's newly arrived American chief executive, decided to press ahead with a plan to raise $500 million, even though the cost of doing so was increasing because investors, worried about the dilution of the value of existing shares, had dumped the stock, even though the plan had not been announced. [ABSTRACT FROM PUBLISHER]