US private equity firm Platinum Equity has closed its latest LBO fund, Platinum Equity Capital Partners II, on $2.75bn. The fund had a target of $1.5bn. The fund held a first closing in September 2007 on $1,691bn, and...
NEW YORK - Wall Street was surprised when CVS Caremark Corp. offered $2.7 billion to buy Longs Drugs Stores Corp., but some Longs shareholders are saying they'll oppose the deal if Longs doesn't tell them more about the...
MOST E-MAILED (RTTNews) - Following media reports of a potential buyout offer from Samsung Electronics Co. Ltd. (SSNLF.PK), shares of SanDisk Corp. (SNDK: News ) are on the rise during pre-market trading on Friday. At...
Ford Motor Co., which already has reduced nearly 40% of its workforce since 2005, is ramping up its effort to get UAW-represented hourly workers to leave the company voluntarily -- hosting several job fairs and launching...
Thursday September 4, 4:37 pm ET Mervyn's files suit, alleges equity partners stripped real estate assets in 2004 buyout PORTLAND, Ore. (AP) -- Mervyn's has sued the private equity firms involved in the leveraged buyout...
By JEFF BENNETT and SHARON TERLEP Ford Motor Co. is offering buyout packages at more plants and talking to workers individually as it intensifies its push to get more of them to leave the company by year end. The auto...
Regulators on New York’s state Public Service Commission have voted unanimously to approve the buyout of Energy East by Spain-based world energy company Iberdrola for $4.6 billion. This article from Forbes says there are...
LONDON (Reuters) - Private equity firm Blackstone joined a consortium bidding for publishing group Informa , bringing one of the largest leveraged buyouts since the credit crunch struck a step closer. "Investment funds...
KRT) Via Acquire Media NewsEdge) Sep. 4--The News & Observer will again cut staff and pages as the newspaper contends with one of the worst advertising slumps in its history. The News and Observer Publishing Co., which...
New York's Take-Two Interactive who are still in closed door negotiations over a buyout deal with Electronic Arts can now belly up to the table with some solid third quarter numbers to back up the game plan. Sales of the...