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Will Yahoo! Finally Sell its Asian Assets to Alibaba?
Wednesday, December 21, 2011 - 6:28pm | 1153That's the question everyone is asking. But will we ever get an answer? If this Dealbook report is accurate, Yahoo! (NASDAQ: YHOO) board members could be meeting this Thursday to discuss an offer from Alibaba Group and Softbank. The two entities are eager to gain at least a portion of Yahoo!'s...
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KKR Set to Acquire Capital Safety
Monday, November 28, 2011 - 1:20pm | 147Following 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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Earnings Expectations for the Week of October 31
Sunday, October 30, 2011 - 11:31am | 1163Halloween and the Day of the Dead arrive this week. If analysts' forecasts are correct, there are only a few earnings reports that may scare investors. For instance, Alpha Natural Resources (NYSE: ANR) earnings are predicted to have fallen 93.1% year over year to $0.58 per share. Allstate (NYSE:...
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Blackstone Among Investors Vying for Anglo Irish's U.S. Loans
Wednesday, August 10, 2011 - 9:47am | 380Investor 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 - 9:20am | 368Blackstone 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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Deutsche Bank Updates 6/29/11
Wednesday, June 29, 2011 - 7:59am | 829Deutsche Bank made a number of updates in a research report published today. Legg Mason (NYSE: LM) had its rating upgraded from Hold to Buy. At the same time, its price target was raised from $36 to $38. On Tuesday, Legg Mason added 0.5% to its value to end the day at $31.94....
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GoDaddy.com Nabs $2.5 Billion in Sale to KKR and Silver Lake
Friday, June 24, 2011 - 11:28am | 121Business Insider, the Wall Street Journal and others are reporting that KKR (NYSE: KKR), Silver Lake, and a third investment group are set to acquire GoDaddy.com for $2.5 billion. Previously owned by Qatalyst Partners, the domain name giant has been up for sale for more than nine months. Business...
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Regulator Expresses Concern About KKR Buyout of Yaego
Tuesday, June 14, 2011 - 8:16am | 183Taiwan'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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KKR Eyes Minority Stake in ING Direct USA
Thursday, June 9, 2011 - 9:11am | 213Leveraged-buyout company KKR (NYSE: KKR) is reportedly interested in acquiring a minority stake in Dutch lender ING Groep's (NYSE: ING) U.S. online bank, ING Direct USA. General Electric (NYSE: GE) and Capital One Financial (NYSE: COF) submitted their bids for the U.S. unit last week. GE has made...
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Carlyle Group to Take HCR ManorCare Public
Tuesday, June 7, 2011 - 10:32am | 170Reuters is reporting that private equity firm The Carlyle Group will soon take HCR ManorCare public in an offering that could raise as much as $500 million. The company is expected to file IPO registration paperwork with the U.S. Securities and Exchange Commission within the next month. The IPO...
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KKR Finds Cash Cow in Shale
Thursday, June 2, 2011 - 9:06am | 203Private equity firm KKR (NYSE: KKR) said Wednesday that Marathon Oil (NYSE: MRO) has agreed to pay $3.5 billion for its Eagle Ford Shale project in Texas, a joint venture between KKR and Hilcorp Energy. KKR will see $1.13 billion from the transaction, almost treble its investment of $400 million in...
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Carlyle Group Gears Up for IPO
Wednesday, June 1, 2011 - 11:05am | 216Reuters is reporting that, in the next month, private equity firm Carlyle Group will select banks to underwrite its planned initial public offering. Carlyle hopes to file its IPO prospectus with the Securities and Exchange Commission in the third quarter, according to sources familiar with the...
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Bloomberg: Buyout Firms Turn into Asset Managers as Takeovers Become Scarce
Tuesday, May 31, 2011 - 9:55am | 211As takeover targets become scarce, Carlyle Group, KKR (NYSE: KKR) and other buyout specialists are becoming asset managers that run hedge funds and strip malls, according to a report in Bloomberg. Blackstone Group (NYSE: BX), the largest private-equity firm, earns twice as much from owning office...
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Bob Howard Likes Brake-pads & Shopping At Home
Thursday, May 26, 2011 - 3:48pm | 474Bob Howard who heads up KKR's (NYSE: KKR) Equity Strategies Group spoke at the Ira Sohn Conference yesterday, and gave two stark investment ideas. Howard, formerly of Goldman Sachs, recommended Wabco (NYSE: WBC) and HSN, Inc. (NASDAQ: HSNI). Regarding Wabco, Howard said he believes the U.S. and...
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Del Monte Bought Out by KKR
Friday, November 26, 2010 - 9:41am | 86KKR agreed to a $4M buyout of Del Monte yesterday according to the Wall Street Journal. WSJ writes, "KKR, Vestar Capital Partners and Centerview Partners offered $19 a share in cash for the San Francisco-based maker of pet foods and canned vegetables. The investors also would assume $1.3 billion in...