Funeral home purchase expands StoneMor Partners leverage. In an announcement made today, StoneMor Partners LP acquired Seawinds Funeral Homes of Central Florida.
Leveraged Buyouts
Times Co. Cites Formal Bid to Value Business Arm Boston Globe in More than $100 Million Deal
New York Times has announced that is subsidiary Boston Globe is being valued at more than $100 million.
Warren Buffett's Acquisition of H.J. Heinz in $23 Billion Deal Sparks Analysts
Consumer industry's annual meeting tackles Warren Buffett-H.J. Heinz merger Consumer Analyst Group of New York-sponsored consumer industry annual conference in Florida highlighted the acquisition of H.
Swiss to Aid in Inside Dealer Investigation
Insider trading on Heinz shares prior to sale investigated by SEC and FBI. In an unprecedented move, Swiss authorities have committed to assist in the ongoing US investigation on insider trading of H.
LBO Protection Demand by US Bond Investors
Bond investors seek new options during leveraged buyouts. The increasing number of large leveraged buyouts or LBOs is making many investment-grade debt investors nervous, calling out the US government to institute more protection be given them in light of current developments.
Latest News
The following bids, mergers, acquisitions and disposals were reported on Tuesday The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Tuesday: - Capital One Financial Corp said it agreed to sell to Citigroup Inc its $7 billion portfolio of private label and co-branded credit card accounts linked to electronics retailer Best Buy Co Inc.
REIT purchases sprawling Ontario property for expansion. True North Apartment Real Estate Investment Trust has announced that it would acquire four properties in the Ontario area for a total purchase price of US$25.
Petroleum company purchased for US$4.3 billion. A merger agreement was settled between Berry Petroleum Company, LINN Energy LLC and LinnCo LLC. LINN Energy and LinnCo would purchase all of Berry's current outstanding shares totaling US$4.
Softbank would turn to bond issue to fund Sprint Nextel purchase stake. Japanese wireless carrier Softbank Corp. has agreed to purchase a US$20 billion stake in Sprint Nextel Corp.
Linn Energy, a U.s. oil and gas producer, will buy Berry Petroleum Co. for $2.5 billion to boost oil reserves
Dell stock buyout plan seen as unfair. The Dell privatization plan is facing stiff criticism from hedge fund manager David Einhorn. Einhorn, who is in the midst of battle with Apple over that technology innovator's US$137 billion cash fund, is using the buyout of Dell shares as a cash policy that is unfriendly to its shareholders.
Russia said that the government is still not receiving any requests to buy Qatar-controlled VTB. Russia has said that it did not receive any requests from sovereign wealth fund from Qatar to purchase shares in state-controlled bank VTB, accounting to Russian First Deputy Prime Minister Igor Shuvalov.
KKR values Gardner Denver at US$3.7 billion. KKR and Co LP, the private equity firm has submitted a bid offer of US$75 per share for industrial machine maker Gardner Denver Inc.
Business software maker Compuware Corp is exploring a sale and talking to buyout firms to gauge takeover interest
