Some of the names on the move ahead of the open.» Read More
Some of the names on the move ahead of the open.
*Blackstone, KKR, TPG to apportion settlement. The payment by Blackstone Group LP, KKR& Co LP and TPG Capital LP will benefit shareholders of some merger targets during a buyout boom that predated the 2008 financial crisis, and was disclosed in a Thursday court filing.
Aug 7- Three private equity firms have agreed to pay $325 million to settle a lawsuit accusing them of colluding with rivals to keep prices down on corporate takeovers prior to the financial crisis by agreeing not to outbid each other.
Aug 7- Blackstone Group LP, KKR& Co LP and TPG Capital LP have agreed to settle a U.S. lawsuit accusing them of conspiring not to outbid each other and other buyout firms on takeovers of companies, a person familiar with the matter said.
Aug 6- Kellogg Co has hired an adviser to evaluate a bid for cookies and snacks maker United Biscuits Ltd, a source familiar with the matter said. Sky News reported earlier on Wednesday that Kellogg was working with investment bankers from Barclays on a possible 2 billion pound bid for United Biscuits.
Aug 6- The owners of UK- based United Biscuits Ltd are not in sale talks with Kellogg Co, a source familiar with the matter said, responding to a report that the cereal company was considering making an offer for the maker of McVitie's biscuits.
Aug 6- Kellogg Co is considering a 2 billion pound offer for United Biscuits, the UK- based maker of McVitie's, Sky News reported. Sky News said Kellogg was working with investment bank Barclays on a possible deal.
Aug 6- Apollo Global Management LLC said on Wednesday its second-quarter earnings fell 6 percent, missing most analysts' expectations, as it sold fewer of its private equity holdings while taxes and expenses rose. Blackstone Group LP, KKR& Co LP and Carlyle Group LP all posted bumper profits for the quarter.
Blackstone Advisory Partners Vice Chairman Byron Wien tells CNBC that the fundamentals are sound but investors have become too complacent.
Byron Wien, Blackstone Advisory Partners, provides his outlook on the markets, and explains why the recent sell-off signals a correction in an ongoing bull market.
WASHINGTON, Aug 5- U.S. and African companies and the World Bank on Tuesday pledged more than $17 billion in investments in construction, energy and information technology projects in Africa to showcase U.S. economic interest in the fast-growing region.
WASHINGTON, Aug 5- U.S. companies pledged new investment in Africa on Tuesday as part of $14 billion in construction, clean energy, banking, and information technology projects to be unveiled by U.S.
NEW YORK, Aug 5- Vivint Inc, the home security and solar-energy provider owned by private equity firm Blackstone Group LP, has confidentially filed for an initial public offering of its solar business, according to people familiar with the matter.
NEW YORK, Aug 4- Private equity firm GTCR LLC is looking to sell home security company Protection 1 for more than $1.5 billion and has tapped Morgan Stanley to assist with the effort, according to people familiar with the matter. Another buyout firm, Blackstone Group LP, acquired home security company Vivint Inc for more than $2 billion in 2012..
*Dubai World proposes to make 1st big repayment early, delay 2nd. DUBAI, Aug 1- Economic recovery in Dubai is pushing both creditors and debtors to weigh new strategies in the $25 billion restructuring of state-owned Dubai World, one of the Middle East's largest ever debt deals.
*Q2 post-tax ENI of 73 cents/ share vs estimated 74 cents. July 30- Carlyle Group LP said on Wednesday its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fees, highlighting the growth potential of its private equity business in Europe.
*Post-tax Q2 ENI per unit of 62 cents vs Street view of 65 cents. NEW YORK, July 24- Private equity firm KKR& Co LP said on Thursday that its second-quarter earnings more than tripled year-on-year, close to most analysts' expectations, as a string of lucrative asset sales led to its highest dividend on record.
*Post-tax Q2 ENI per unit of 62 cents vs Street view of 50 cents. KKR said post-tax economic net income per adjusted unit was 62 cents in the second quarter, up from 18 cents a year ago and higher than the 50 cents average forecast by analysts in a Thomson Reuters poll.
July 23- Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico's highway, water and electricity authorities even as some big U.S. mutual funds launch a legal battle to squelch a new law that authorizes a restructuring.
The "Fast Money" traders share their final trades of the day.