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Tuesday, January 17, 2012 - 6:40pm
Sears is a Bad Takeover Target, Are its Rumors Baseless?
Sears (NASDAQ: SHLD) is a storied company that has recently experienced unfortunate turbulence in its operations. While many analysts believe that it may be doomed in the long-run, rumors sparked up today that may suggest otherwise. After a few years of despondent earnings, Sears may be...
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KKR Set to Acquire Capital Safety
Monday, November 28, 2011 - 1:20pm
Following on the heels of its deal for Samson Investment, the biggest company takeover by a private-equity firm announced this year, KKR & Co. (NYSE: KKR) reportedly is set to acquire Capital Safety, a UK- based safety harness maker. The bid could value Capital Safety at about $1.1 billion,...
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Blackstone Among Investors Vying for Anglo Irish's U.S. Loans
Wednesday, August 10, 2011 - 9:47am
Investor groups said to be vying for $9.65 billion in U.S. property loans held by Anglo Irish Bank include those led by Blackstone Group (NYSE: BX), Centerbridge Capital Partners, TPG Capital and Cerberus Capital Management. The deadline for bids was yesterday. The Dublin-based bank was...
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Blackstone Group to Take Emdeon Private
Friday, August 5, 2011 - 9:20amBlackstone Group (NYSE: BX) has signed a definitive agreement to take health-care payment services company Emdeon (NYSE: EM) private in a transaction valued at about $3 billion. Blackstone will pay $19 a share for the Nashville, Tenn., company; the stock closed Thursday at $18.35. Debt financing...
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Talbots Prepares to Fend Off Private Equity Takeover
Tuesday, August 2, 2011 - 8:58am
Beleaguered retailer Talbots (NYSE: TLB) has adopted a so-called poison pill stockholder rights plan, following media reports that a private equity firm is considering buying the company. Under the new plan, if a single investor buys a stake of more than 10%, Talbots may issue shares at a discount...
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Blackstone Group Takes Stake in Risky RBS Loans
Friday, July 1, 2011 - 4:34pm
Royal Bank of Scotland Group (NYSE: RBS) has agreed to sell a 25% stake in its 1.4 billion pound ($2.3 billion) UK commercial real estate loan portfolio to private equity firm Blackstone Group (NYSE: BX). Blackstone will also take over the management of the assets, in an attempt to recover as...
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Regulator Expresses Concern About KKR Buyout of Yaego
Tuesday, June 14, 2011 - 8:16amTaiwan's financial regulator is raising concerns about KKR's (NYSE: KKR) planned $1.6 billion buyout of Taiwan electronics components maker Yageo. The Financial Supervisory Commission is concerned that the deal's debt ratio is too high and that and the rights of minority shareholders haven't been...
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HR 4213 and the Carried Interest Debate
Wednesday, June 2, 2010 - 6:00amIn the earlier post regarding Sarah Palin’s train-wreck of a speech at ICSC REcon 2010, I mentioned that she should have talked about the legislation making its way through Congress that could potentially subject carried interest to the normal tax rate (currently 35%, could...
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