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Peter Thiel SPAC Bridgetown 2 Holdings Could Be Buying An Online Singapore Real Estate Company
Tuesday, June 8, 2021 - 11:35am | 510A SPAC from two billionaires targeting the Southeast Asia market could announce a deal soon, according to a new Bloomberg report. What Happened: TPG Capital and KKR & Co Inc (NYSE: KKR) backed PropertyGuru Pte is nearing a deal to go public with the Bridgetown 2 Holdings Ltd (NASDAQ: BTNB...
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Stonepeak To Acquire Astound Broadband For $8.1B
Monday, November 2, 2020 - 1:09am | 263Stonepeak Infrastructure Partners, a private equity firm with a portfolio of infrastructure investments, on Sunday announced it is acquiring cable-TV company Astound Broadband in an $8.1 billion that includes the latter's debt. The deal could close sometime in the second half of next...
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McAfee Corp IPO: What Investors Need To Know
Thursday, October 22, 2020 - 10:30am | 495Cybersecurity company McAfee is set to return to the public markets with this week’s IPO. The Offering: McAfee Corp (NASDAQ: MCFE) raised $740 by selling 37 million shares at $20 each. This came in towards to the low end of the company’s pricing range of $19 to $22. On Wednesday evening...
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IPO Outlook: McAfee, Cloud Company Datto Lead The Week
Monday, October 19, 2020 - 3:48pm | 634Three companies are expected to go public via a traditional IPO the week of Oct. 19. Here's a look at the details. Datto Holding: Cloud based software company Datto Holding (NYSE: MSP) plans on selling 22 million shares at a price point of $24 to $27. The company is the leading global...
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TPG Pace Tech Opportunities SPAC: What Investors Should Know
Sunday, September 6, 2020 - 9:07am | 522Private equity company TPG Capital is bringing another SPAC to the market with technology and media focused TPG Pace Tech Opportunities Corp (NYSE: PACE). The Leadership Team: The SPAC is led by Non-Executive Chairman and Director Karl Peterson, who is the founding President and CEO of Hotwire.com...
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Gadfly's Shira Ovide: We All Created The Uber Monster
Wednesday, June 14, 2017 - 8:52am | 544A new day, a new senior member of Uber Technologies leaving the company. On Tuesday, the billionaire co-founder of private equity giant TPG Capital and member of Uber's board David Bonderman announced his resignation after cracking a sexist joke -- during a meeting intended to crack down on...
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More Waves In Pharma: Endo Buys TPG Capital's Par Pharma for $8 Billion
Monday, May 18, 2015 - 8:58am | 258Endo International plc (NASDAQ: ENDP) will buy Par Pharmaceutical from TPG Capital for $1.5 billion in stock and $6.5 billion in cash, the companies announced. Endo was up more than 1 percent in pre-market trading on news of the deal, which will create one of the top five generic drug...
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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 | 2840U.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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Report: J. Crew Considering Going Public This Year
Friday, February 28, 2014 - 5:20pm | 589First lady, Michelle Obama is a big fan of clothing retailer, J. Crew. The company will need to pick up quite a few more supporters if it decides to go public later this year, as reported by Bloomberg. While nobody is talking on the record, including TPG spokesman Owen Blicksilver and Margot...
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Market Wrap For January 8: Fed Minutes Released
Wednesday, January 8, 2014 - 5:39pm | 2250Major indices finished Wednesday's trading session relatively flat as the Fed's minutes released had no impact on the markets. Minutes released from the Federal Reserve's latest meeting re-affirmed that many members on the committee wanted to proceed with caution in trimming the $85 billion...
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Neiman-Marcus Files For IPO, Looks to Raise Up to $100 Million
Tuesday, June 25, 2013 - 3:27pm | 340Luxury retailer Neiman-Marcus has filed for an initial public offering which could see its private equity owners raise up to $100 million. The company has returned to profitability in recent years as luxury spending has picked up, however shakiness in stock markets could be a perilous sign that...
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BMC Software Continues Climb on Buyout Rumors
Tuesday, March 5, 2013 - 11:11am | 490BMC Software (NASDAQ: BMC) is on the rise again Tuesday on word of buyout interest from two separate firms. On Monday, Bloomberg reported that Kohlberg Kravis Roberts & Co. (NYSE: KKR) and TPG Capital have separately expressed interest in buying the Houston software firm. At this point, BMC...
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$1 Billion Investment in Olympus Not Enough to Bring Stock in Focus
Friday, January 13, 2012 - 8:27am | 448A private equity firm has pledged $1 billion to invest in Olympus (TYO: 7733), after the Japanese cameramaker has been plagued with scandals and uncertainty. TPG Capital, which manages $48 billion in capital, has not commented on the deal, being reported by Reuters, although Chief Executive of...
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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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Top Percentage Gainers and Losers as of 2pm 7/5/11
Tuesday, July 5, 2011 - 2:03pm | 1007Best 1) Immucor (NASDAQ: BLUD): Shares of Immucor are currently trading up 30.2% from Friday's close to $27.00. The company has agreed to be acquired by TPG Capital for $27 per share in cash. The deal is valued at $1.97 billion. 2) Rediff.com India (NASDAQ: REDF): Shares of Rediff.com are...