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October 13, 2008 10:53:30 AM CDT

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Stories related to: buyout

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Stories 21 - 40 of 42

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  • October 2007

    • Ex-Sallie Mae Suitor Tries to Dodge Breakup Fee in Court

      MarketWatch  |  Oct 16, 07 4:13 AM CDT

      Ex-Sallie Mae Suitor Tries to Dodge Breakup Fee in Court

      (Newser) - The group that offered to buy out educational lender Sallie Mae for $25 billion is now seeking court approval to back out and avoid paying a $900 million break-up fee. The investor group, including Bank of America and JPMorgan Chase, is arguing that recent legislation will reduce the student loan corporation's profits, which investors see as "material adverse circumstances" and grounds to get out of the deal without penalty. More »

    • Sallie Mae Sues Spooked Suitors

      New York Times  |  Oct 9, 07 5:45 AM CDT

      Sallie Mae Sues Spooked Suitors

      (Newser) - College student lender Sallie Mae is suing a group of private equity firms and banks that are backing out of a $25-billion buyout deal. The group—J.C. Flowers & Company, Friedman Fleischer & Lowe, JP Morgan Chase and Bank of America—had set a deadline of today for negotiating new terms, or they'll walk away from the deal, despite a $900-million breakup fee, reports the New York Times . More »

  • August 2007

    • Home Depot Deal Renovated

      Wall Street Journal  |  Aug 27, 07 5:37 AM CDT

      Home Depot Deal Renovated

      (Newser) - The sale of Home Depot's wholesale supply unit—threatened by the credit crisis —is going ahead after tense negotiations between Home Depot, private equity firms buying the company and banks providing the financing. Home Depot slashed its price 18% to $8.5 billion and guaranteed some of the loans to close the deal, the Wall Street Journal reports.      More »

    • Murdoch’s Shadow Looms at Journal

      Los Angeles Times  |  Aug 24, 07 2:25 PM CDT

      Murdoch&rsquo;s Shadow Looms at Journal

      (Newser) - Rupert Murdoch is on a yacht in the Mediterranean, but his presence is already being felt at the newspaper in lower Manhattan he doesn't own yet.  The media baron rolled up his sleeves and called three reporters at the Wall Street Journal —which he bought for $5 billion last month—asking them to reconsider leaving the paper. More »

      Tags

      Rupert Murdoch  • Wall Street Journal  • acquisitions  • newspaper  • buyout

    • Banks Might Derail Home Depot Deal

      Wall Street Journal  |  Aug 24, 07 7:10 AM CDT

      Banks Might Derail Home Depot Deal

      (Newser) - The pending sale of part of Home Depot took an ugly turn last night as three banks and three private equity firms entered into a showdown over financing. Home Depot dropped its asking price by over $1 billion, but the banks involved—JPMorgan Chase, Lehman Brothers and Merrill Lynch—have threatened to withdraw from a deal that may become the  first casualty of the credit crunch. More »

    • Trib Deal Could Come Undone

      New York Times  |  Aug 20, 07 3:21 PM CDT

      Trib Deal Could Come Undone

      (Newser) - The Tribune Company’s shareholders are meeting tomorrow to approve Sam Zell’s $8.2 billion takeover, but whispers persist on Wall Street that the deal will crumble. A disappointing stock price, concerns about the fading newspaper business, and a sagging credit market have convinced some analysts that Zell’s offer of $34 a share will be lowered to ease the company’s debt. More »

      Tags

      Wall Street  • Chicago Cubs  • acquisitions  • buyout  • Tribune Company  • Sam Zell  • takeover  • Los Angeles Times  • Newsday  • New York Times Company

    • MSFT Grabs AQNT for $6B

      CNET  |  Aug 13, 07 3:30 PM CDT

      MSFT Grabs AQNT for $6B

      (Newser) - Microsoft completed the largest buyout in its history today, snatching up online advertising firm aQuantive for $6B. Microsoft closed the deal on Friday and will dole out $66.50 in cash for each share of the Seattle-based company, which will de-list from the Nasdaq after nearly doubling in value after its filing today, CNET reports. More »

      Tags

      Google  • Microsoft  • Nasdaq  • Yahoo  • advertising  • acquisitions  • AOL  • buyout  • aQuantive

  • July 2007