Greenhill plays catch-up in battle of the independents

Investment bank Greenhill & Co's recapitalisation plan will bolster its share price, but it faces more fundamental challenges than its rivals, writes David Rothnie.

  • By David Rothnie
  • 28 Sep 2017

On the surface, Greenhill’s restructuring represents sound corporate finance practice, as it reduces its cost of capital and funds a tender offer to boost its flagging share price, which had halved this year until the bank unveiled its plan on September 25.

Greenhill will slash its dividend under ...

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