Aster DM split its Gulf and India hospital businesses in a $1.01bn separation
After running hospitals in the Gulf and India under one Dubai-listed shell, Aster DM sold its GCC arm to a Fajr Capital-led vehicle and refocused on India.
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2,000 PUBLISHED CASES · REGULARLY UPDATEDAramex: ADQ's AED 3-a-share tender handed Abu Dhabi control of the Gulf courier
Abu Dhabi's ADQ built a 22.3% beachhead through AD Ports Group, then tendered at AED 3 a share for the rest of Dubai-listed Aramex, ending with 63.2% control.
Read the caseAmericana: Adeptio took it private for $2.4bn, 2022 ADX relisting valued it at $6bn
Alabbar's Adeptio bought the KFC and Pizza Hut franchise empire from Kuwait's Al-Kharafi family, then relisted it on ADX at a $6.01bn valuation.
Read the caseADNOC listed its drilling unit at a $10bn valuation to fund its asset monetisation drive
Abu Dhabi's national oil company floated 7.5% of ADNOC Drilling on ADX — its second unit IPO — turning rig capacity into market-priced capital.
Read the casePLDT cut its dividend to fund the data pivot and earned its way past crisis profits
OTT apps crushed SMS and voice, so PLDT's board cut the payout from 75% to 60% of core EPS, funded data capex, and returned net income to Php22.8bn by 2019.
Read the caseGerdau shrank through Brazil's steel rout to a R$2.3bn profit in 2018
Three loss years left Brazil's biggest steelmaker R$4.6bn underwater in 2015; it sold Europe and Central America, cut capacity, and earned R$2.3bn by 2018.
Read the caseAntam turned an ore export ban into a smelter-led downstream business
When Indonesia banned raw ore exports, state miner Antam rebuilt around ferronickel smelters, traded that capacity for export quotas, and grew 2018 output 50%.
Read the caseBuffett's ten months at Salomon turned a Treasury scandal into record 1992 profits
After fake Treasury bids nearly destroyed Salomon, Buffett installed Deryck Maughan, rebuilt controls and the firm posted record pre-tax profit in 1992.
Read the caseLululemon rode out the 2008 crash by halting expansion and protecting prices
Comps fell 22% at the trough. The young retailer cut store openings instead of cutting prices, and came out of the recession into hypergrowth.
Read the caseKellogg's $4.56bn Keebler bet took the cereal king into snacks and back to growth
Kellogg bought Keebler for $4.56bn including assumed debt, absorbed a 19% earnings drop in 2001, then grew diluted EPS from $1.75 to $2.14 in three years.
Read the caseJim Kilts rebuilt Gillette's margins and doubled profit, then sold it to P&G
Hired from Nabisco in 2001 after years of profit decay, Kilts cut trade costs, rebuilt advertising and innovation, and net income reached $1.69bn by 2004.
Read the caseToyota's Fukushima-era chip stockpile carried it past GM in the 2021 US market
After the 2011 quake Toyota rewrote its continuity plan and made suppliers hold extra chips. In 2021 rivals halted lines; Toyota kept building.
Read the caseSuncor bought Petro-Canada at the 2009 oil crash bottom to build Canada's energy giant
With crude near $50 and oil sands projects frozen, Suncor's all-stock deal absorbed Canada's former crown oil firm and cut $1.3B a year in costs.
Read the caseFred Hassan's Action Agenda turned Schering-Plough's losses into a 2005 profit
A consent decree, the Claritin patent cliff and federal probes drove Schering-Plough into loss; Hassan's Action Agenda and Zetia returned it to profit.
Read the caseSanDisk rejected Samsung's $5.85B bid in 2008 and sold to Western Digital for $19B
The flash maker said no to Samsung on the eve of the crash, survived the NAND glut, and sold seven years later for more than three times the offer.
Read the caseZoomlion paid €163m for 60% of Italy's CIFA and built a global concrete-machinery business
A Changsha machinery group led a consortium to buy Italy's CIFA in 2008; the concrete business passed RMB10 billion and carried Zoomlion to a Hong Kong listing.
Read the caseStrauss: the founder's granddaughter turned an Israeli dairy into a global food group
Ofra Strauss took the chair of her family's dairy in 2001, merged it with Elite, and split new markets with PepsiCo instead of going global alone.
Read the caseResona took Japan's ¥1.96 trillion bank rescue in 2003 and repaid it all by 2015
Japan injected ¥1.96 trillion of preferred capital instead of liquidating the lender; the retail-focused bank bought the state out within twelve years.
Read the caseMarket Basket: a fired CEO, a six-week worker revolt, and a $1.5B family buyout
Market Basket's board fired CEO Arthur T. Demoulas in June 2014; his non-union workers halted the chain until the rival side sold its 50.5% stake for $1.5B.
Read the caseMango Excellent Media: the state-backed streamer that stayed profitable against iQiyi
Hunan TV's small state-controlled streamer raised just RMB2 billion and stayed profitable while its giant private rivals raised billions and burned them.
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