Remove Bidding Remove Collateral Remove Startups
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Transcript: Steven Klinsky

The Big Picture

We spent weeks, night and day, studying it, decided it wasn’t a good deal, decided not to bid, which I’m fine with. And then when we decided not to bid at 90, it eventually went up to, you know, 111 or something like that. And you know, so we looked at it very hard, decided not to bid. KLINSKY: Yup.

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Transcript: Jonathan Miller

The Big Picture

MILLER: The collateral won’t be adequate in our view. That was like, during the pandemic, I bought them, one for home and one for the office through a Kickstarter startup. Leading indicators would be contract activity and listing inventory, sort of transaction-based rather than price-based. Or could, would, or wouldn’t be.

Taxes 52
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Canadian Pension Funds Exposed to Northvolt's Collapse

Pension Pulse

In its bid to reassure financiers, Northvolt nixed a planned expansion of its main plant in Skelleftea in northern Sweden and, in October, replaced the factory’s manager. Northvolt will also have access to about US$145 million in cash collateral. But Carlsson acknowledges that he acted too slowly.