Corvex and Related Fund have been trying to takeover CommonWealth REIT but has been thwarted by the provisions in the REIT bylaws.
Finance/Venture
Einhorn is now a verb not just a noun
Being Einhorned is a new term in financial circles. Very few hedge fund managers receive as much hype and attention as David Einhorn would get with just a simple interview.
Anadarko Trades Cancelled by NYSE
Anadarko trades cancelled due to glitch in system. In an expected move, the New York Stock Exchange has announced it would be cancelling the trades of Anadarko Petroleum Corp after a glitch in the system had cut the market value of the firm by 99%.
Loan Refinanced for Atlantis, the Palm
A new syndicated loan worth US$850 million has been approved to help refinance the debts of Atlantis, the Palm.
ECB Further Cuts Interest Rates
ECB cuts interest rates to nearly zero to help bank liquidity amidst the current Eurozone recession.
Latest News
Blackstone, believing in the high risk high reward appetite of the market, is creating a fund for the riskiest of trades.
The New York Life Insurance Co is set to divest itself of its Taiwanese business with the sale to be done.
S&P downgrades Berkshire Hathaway from AA plus to AA. Standard and Poor's, the renowned credit rating agency, has announced that it would be cutting Berkshire Hathaway's rating from 'AA plus' to 'AA'.
Vikram Pandit, the former CEO of Citigroup would be part of the JM Financial management team to grow the business.
When break even price achieved for Lloyds TSB shares, then Britain would be able to divest its shareholdings in the bank.
BitPay Inc receives another US$2 million in seed money. Bitcoin's payment processor, BitPay Inc. , announced on Thursday that it was able to raise additional US$2 million from its initial capital growth financing round headed by the Founders Fund.
Erste Group Bank has confirmed the ability to pay off state bailout funds but did not provide a schedule for the same.
Five Arrows Credit Solutions of Rothschild has concluded its first closure. In an announcement, Rothschild disclosed that its merchant banking arm, Five Arrows Credit Solutions, has concluded its primary closing with the estimated commitment of EUR235 million or US$302.
Bayside Capital and LBO France invest in Consolis. In an announcement today by Bayside Capital, it disclosed that a venture fund administered by Bayside had concluded a venture in Consolis, a renowned European producer of assembled concrete products.
