TPG

Sources have stated that Citigroup (NYSE: C) is set to take advantage of "pent-up demand" by selling securities backed by 255 new mortgages, marking the first such sale in two years. The ratio of the original value of the mortgages to property value is 60.4%. Blackstone (NYSE: BX) is said to be...

Zale Corporation (NYSE: ZLC) is surging today after Bloomberg reported that the company is in talks with three finalists to take a stake in the struggling jeweler. According to people with knowledge of the situation, Zale may sell a minority stake for about $100 million to $150 million. Two of the...

The Wall Street Journal reports that private equity firm TPG seems to have won the race to acquire Dow Chemicals’ (NYSE: DOW) Styron plastics business. TPG edged out rival contender Apollo Management in the bid for Dow’s unit. Dow had put up Styron for sale in July 2009, and had estimated then...