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KKR cancels plans for $500 million offering
Aug 09, 2010 19:26 EDT
NEW YORK (Reuters) - Private equity firm Kohlberg Kravis Roberts & Co <KKR.N> said on Monday it has canceled plans to sell $500 million of new common units, less than one month after it listed on the New York Stock Exchange.
NYSE busts trades after botched Bancorp share swap
Jul 27, 2010 22:06 EDT
NEW YORK (Reuters) - A botched share swap last month in which 10 times more US Bancorp <USB.N> shares were issued than planned, angering and confusing investors, led the NYSE on Tuesday to cancel three days of trades in the stock.
ResCap auction advances but hurdles remain
Jul 26, 2010 18:10 EDT
NEW YORK (Reuters) - An auction of Ally Financial's Residential Capital has advanced into the second round, with some would-be buyers circling the assets, but a sale of the mortgage lender faces hurdles, sources familiar with the matter said.
KKR shares slip 3 percent in long-awaited debut
Jul 15, 2010 18:17 EDT
NEW YORK (Reuters) - The long-anticipated U.S. stock debut of Kohlberg Kravis Roberts & Co <KKR.N> proved a disappointment on Thursday as investors shied away from the private equity firm that made its name with the leveraged buyout of RJR Nabisco in 1988.
Wide investor audience awaits KKR
Jul 15, 2010 07:27 EDT
NEW YORK/BOSTON (Reuters) - Kohlberg Kravis Roberts & Co's <KKR.AS> long-awaited listing on the Big Board brings a wide investor audience to the iconic private equity firm and could be a bellwether for rivals looking to follow suit.
Blackstone to manage BofA's Asia property fund: sources
Jul 12, 2010 07:26 EDT
NEW YORK/SINGAPORE (Reuters) - Blackstone Group will manage a $2-billion-plus Asian real estate fund of Bank of America-Merrill Lynch, in a deal that will close in the third quarter, sources familiar with the situation told Reuters.
BP in talks with Apache and others on assets: source
Jul 12, 2010 01:28 EDT
NEW YORK/LONDON (Reuters) - Under-pressure BP Plc <BP.L><BP.N> is in talks with U.S. oil and gas company Apache Corp <APA.N> and other companies over potential asset sales, a source familiar with the situation said on Sunday, as it weighs how to pay costs related to the Gulf of Mexico oil spill.
KKR heads for summer NYSE listing on July 15
Jul 06, 2010 16:19 EDT
NEW YORK (Reuters) - Storied buyout firm Kohlberg Kravis Roberts & Co <KKR.AS> will end its long wait for a New York Stock Exchange listing on July 15, joining rival Blackstone Group LP <BX.N>, which made its debut three years ago.
Google to buy travel software co ITA for $700 million
Jul 02, 2010 08:55 EDT
SAN FRANCISCO/WASHINGTON (Reuters) - Google Inc plans to buy one of the Web's key providers of airline travel software for $700 million, potentially raising new antitrust concerns for the world's largest Internet search engine.
Google to buy travel software co ITA for $700 million
Jul 02, 2010 08:55 EDT
SAN FRANCISCO/WASHINGTON (Reuters) - Google Inc plans to buy one of the Web's key providers of airline travel software for $700 million, potentially raising new antitrust concerns for the world's largest Internet search engine.
Google-ITA deal talks unnerves travel bosses
Jun 29, 2010 20:40 EDT
NEW YORK (Reuters) - Google Inc's talks to buy ITA Software, an airline IT and services provider, has travel executives worried that the search engine giant could wield too much power in their industry.
Senate jobs bill would hike fund manager tax
Jun 08, 2010 18:06 EDT
WASHINGTON (Reuters) - Senate Democrats on Tuesday proposed to raise taxes on profits made by investment fund managers as part of a larger bill aimed at boosting the sluggish economy.
Senate jobs bill would hike fund manager tax
Jun 08, 2010 18:06 EDT
WASHINGTON (Reuters) - Senate Democrats on Tuesday proposed to raise taxes on profits made by investment fund managers as part of a larger bill aimed at boosting the sluggish economy.
Providence to acquire MMC's Kroll in $1.13 billion deal
Jun 07, 2010 18:21 EDT
NEW YORK (Reuters) - Marsh & McLennan Cos Inc <MMC.N> agreed to sell investigations unit Kroll to a firm led by former Marsh CEO Michael Cherkasky for $1.13 billion, less than the amount the insurance broker paid for it six years ago.
UK's Pru seeks 10 percent price cut to save AIA deal: report
May 30, 2010 16:41 EDT
LONDON (Reuters) - Prudential <PRU.L> investors will back the group's bid for AIG's <AIG.N> Asian life insurance arm provided it can negotiate a 10 percent cut in the deal's $35.5 billion price tag, the Sunday Times reported.
Fidelity National deal may reach about $15 billion: source
May 12, 2010 10:16 EDT
NEW YORK (Reuters) - A private equity deal for Fidelity National Information Services Inc <FIS.N>, currently being negotiated, could be worth around $15 billion if a buyout is agreed, a source familiar with the situation said on Tuesday.
Blackstone, THL, TPG pursue Fidelity National
May 06, 2010 17:20 EDT
NEW YORK (Reuters) - Three big private equity firms have teamed up to bid for Fidelity National Information Services Inc <FIS.N>, sources familiar with the situation said on Thursday, a deal that, if completed, would rank as the biggest leveraged buyout since the financial crisis hit.
Goldman stock "dead money" at best, Calamos says
Apr 28, 2010 13:49 EDT
BEVERLY HILLS, California (Reuters) - Calamos Investments sold its Goldman Sachs Group Inc <GS.N> holdings when the news of the civil fraud charges against the bank hit, fearing the stock was at best "dead money," Co-Chief Investment Officer Nick Calamos said on Wednesday.
Nielsen's PE owners plan IPO for the firm: source
Apr 26, 2010 14:14 EDT
NEW YORK (Reuters) - Private equity owners of Nielsen are planning an IPO for the market research company and expect to start interviewing banks, according to a source familiar with the situation.
Pay czar sees signs Wall Street changing pay habit
Apr 26, 2010 14:00 EDT
BEVERLY HILLS, CA (Reuters) - Pay czar Kenneth Feinberg sees early signs some Wall Street firms are voluntarily toughening up on the way they pay executives, but he cautions it remains to be seen whether such behavior becomes permanent.
