Updated throughout the day.
Posts Tagged private equity
Citigroup, Inc. (NYSE: C) was surprisingly small for a reaction today considering that when banks rise it tends to rise even more. Thomson Reuters, via PEHub, reported today that Citi has agreed to sell a portfolio of private equity interests for more than $900 million. The report cited “multiple sources” calling Lexington Partners the buyer. [[ This is a content summary only.
It was during the most recent meltdown that we gave a list of companies where the stocks could still double, and Citigroup Inc. (NYSE: C) was one of them. Bill Ackman’s Pershing Square has sent out a letter to its fund holders dated June 8 and among the big changes is that Ackman disclosed the [[ This is a content summary only
Updated throughout the day A number of private equity firms are considering bids for the Royal Bank of Scotland’s Global Merchant Services division. (WSJ) US regulators will examine high frequency trading more closely (WSJ) CKE Restaurants has received a new buy-out offer better than previous ones. (CNBC) Douglas A.
These are the top analyst upgrades and downgrades seen this Wednesday morning from Wall Street research calls: AGA Medical Holdings (NASDAQ: AGAM) Started as Outperform at Baird. Align Technology (NASDAQ: ALGN) Reiterated Buy (call on weakness) at Brean Murray.
According to the annual pay survey done by AR: Absolute Return+Alpha magazine and reviewed by The New York Times, the top 25 hedge fund managers made $25.3 billion in 2009. David Tepper was at the top of the list with a $4 billion pay day. His main fund was up 130% last year
The New York Post, not the single most reliable source for business news, says Radio Shack (RSH) is looking for a private equity buyer or an M&A transaction with a larger company like Best Buy (BBY). The paper reports that JPMorgan Chase “appears poised to lead the sales process for RadioShack.” Another alternative that the [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Research firm Trucar expects Toyota (TM) to spend $395 million on incentives this month. The company’s incentive per car will be 37% higher than in February and 47% higher than they was in March 2009. Auto research firm Edmunds predicts that Toyota’s sales will be up 82% from February and that the Japanese car company’s market share [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Reuters: The Nikkei topped 11,000 for the first time since October 2008 Reuters: The White House will announce housing aid for those having difficulty with making their mortgage payments. Reuters: A Fed agency is looking at certain Calpers transactions. Reuters: GM is expected to repay $1 billion to the Treasury.
Tower International, Inc., or Tower Automotive LLC, has just filed to come public in an IPO. The company dis not list any shares or or terms and did not list an exchange or a proposed stock ticker. This can change by the IPO date, but for filing purposes it listed to sell up to $100 [[ This is a content summary only.
