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Valuation Details Of KKR's Optiv Acquisition A Good Sign For FireEye
Thursday, December 8, 2016 - 10:19am | 328Read More...Private equity firm KKR announced it has entered into an agreement to acquire Optiv Security Inc., although the financial details of the transaction have yet to be disclosed. In light of the news, D.A. Davidson’s Jack Andrews reiterated a Buy rating on FireEye Inc (NASDAQ: FEYE), with a price...
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Baxter One Of Several Firms Said To Be Exploring An Acquisition Of India-Based Gland Pharma
Friday, April 15, 2016 - 11:12am | 247Read More...According to a report by Reuters, Baxter International Inc (NYSE: BAX) is among one of several players that are eyeing an acquisition of India-based Gland Pharma. Reuters, citing "three people with direct knowledge of the matter," added that Advent International and Indian drugmaker...
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KKR Is Seeking To Sell Its 45% Stake Of GenesisCare
Wednesday, April 6, 2016 - 2:32pm | 177Read More...The Wall Street Journal reported on Wednesday that the private equity firm KKR & Co. L.P. (NYSE: KKR) is exploring the sale of its minority stake of Genesis Care, an Australia-based cancer therapy provider. KKR acquired a 45 percent stake in Genesis Care in 2012. The company recorded sales of...
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Walgreens Announces 58 Million Share Offering As Part Of Alliance Boots Acquisition
Thursday, February 18, 2016 - 10:03am | 211Read More...Shares of Walgreens Boots Alliance Inc (NASDAQ: WBA) were trading lower by around 0.75 percent early Thursday morning after the company announced a stock offering of approximately 58 million shares. Walgreens noted that in connection with its acquisition of Alliance Boots, the company entered...
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Private Equity Firm KKR Eyes Entry To Oil & Gas Segment
Wednesday, December 23, 2015 - 10:37am | 175Read More...KKR & Co. L.P. (NYSE: KKR), a global investment management firm, on Wednesday announced it plans on establishing an integrated entity to provide asset management services to the oil and gas industry. The new platform will be led by KKR's Executive Chairman Deepak Munganahalli...
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Susquehanna: Positive On Blackstone, Alternative Assets Becoming The 'New Active'
Tuesday, May 26, 2015 - 1:16pm | 1011Read More...On May 21, Susquehanna Research published a report initiating coverage on Blackstone Group LP (NYSE: BX), along with a thesis that alternative asset managers are fast becoming the new normal for investors seeking higher returns. Analyst Doug Sipkin's rationale is that, "It is getting harder for...
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Does Groupon's Ticket Monster Sale Affect Shareholders?
Tuesday, April 21, 2015 - 9:00am | 307Read More...Groupon Inc (NASDAQ: GRPN) on Monday announced that it would sell a majority stake of its South Korean Ticket Monster unit to a consortium that included private equity firm KKR. The deal more than triples Groupon's investment in Ticket Monster, which the company first bought for $...
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Groupon Announces Partial Sale Of Ticket Monster, New Share Buyback Authorization
Monday, April 20, 2015 - 9:14am | 366Read More...Shares of Groupon Inc (NASDAQ: GRPN) rallied last week after The Wall Street Journal reported the company was looking to sell a stake in Ticket Monster at an approximate $800 million premium, marking a hefty premium above the $260 million Groupon paid to acquire the South Korean based deals site...
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GoDaddy Is Going Public And Its Ticker Symbol Will Be GDDY
Thursday, March 19, 2015 - 12:28pm | 332Read More...In times of few IPOs in the U.S., domain name registration and website hosting giant GoDaddy Inc. has filed for an initial public offering of at least 22 million Class A shares. The offering is expected to be priced between $17 and $19 a share, valuing the company at up to $2.87 billion...
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Morningstar Analyst On KKR-LifeLock Rumor: 'I Don't Think KKR Would Want To Be Involved With A Business With Regulatory Risk'
Wednesday, January 28, 2015 - 3:53pm | 265Read More...When asked about a rumored buyout of Lifelock Inc (NYSE: LOCK) by KKR & Co. L.P. (NYSE: KKR), Morningstar Analyst Stephen Ellis told Benzinga that his impression is that it wouldn’t be a very good deal. Ellis explained that he doesn’t think Lifelock has competitive advantages...
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Markets Boosted From Strong Earnings Releases, Jobless Benefits
Thursday, October 23, 2014 - 5:14pm | 2034Read More...U.S. stocks rose on Thursday after Wednesday's decline on strong earnings reports from Caterpillar and 3M. Also, U.S. data showed a decline in Americans filing for jobless benefits. The bullish sentiment on Wall Street may have been spoiled by fresh reports of a doctor who recently returned...
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Markets Close The Week On Negative Note As Ukraine Worries Mount
Friday, August 15, 2014 - 5:01pm | 2461Read More...U.S. stocks erased early morning gains and finished lower following reports that Ukrainian artillery forces engaged armored vehicles entering Ukraine from Russia. Narayana Kocherlakota, Minneapolis Fed President, stated that labor strength in its current state appears to be far away from the...
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S&P 500 Falls To Two-Month Low, Dow Drifts Further Away From The 17,000 Mark
Thursday, August 7, 2014 - 4:41pm | 2840Read More...U.S. stocks declined, following Europe's lead following the European Central Bank's decision to keep interest rates unchanged. The ECB's President Mario Draghi reaffirmed the bank's intention of considering "unconventional moves," which includes buying asset-backed...
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Stocks Rebound From 2 Day Drop As The Fed Confirms The End Of QE Is Near
Wednesday, July 9, 2014 - 4:40pm | 2399Read More...U.S. stocks rose following the FOMC minutes which stated that the Fed is on track for a final month of tapering in October. The Fed plans to slash $15 billion from its monthly asset purchasing program at that time. “Some committee members had been asked by members of the public whether...
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Market Wrap For June 2: Dow, S&P Continue Rising, Nasdaq Slightly Lower
Monday, June 2, 2014 - 4:36pm | 2382Read More...U.S. stocks were mostly positive on the first trading session of June in which investors were left confused over ISM's May Manufacturing data which was revised twice. Both the S&P 500 and Dow Jones indices reached new highs. The S&P 500 index reached a new all time high of 1,925.88...
