“There’s an enormous deal coming next week and I think you should try to get a piece of it,” said Jim Cramer.» Read More
Nov 20- Devon Energy Corp struck a deal to buy privately held GeoSouthern Energy's assets in the Eagle Ford shale region of south Texas for $6 billion in cash. Private equity firm The Blackstone Group was an investor in GeoSouthern.
NEW YORK, Nov 20- Investors in New York City's debt have had it good. He also has to cut a deal with city unions who are demanding up to $8 billion in retroactive pay increases as part of a new contracts that outgoing Mayor Michael Bloomberg has left for his successor.
Crocs wants to go private and is talking with several private equity firms, including Blackstone. Its shares gained more than 9 percent.
NEW YORK, Nov 13- Crocs Inc, known for its colorful clogs, has hired investment bank Moelis& Co to explore strategic alternatives, including a leveraged buyout, two people familiar with the matter said on Wednesday.
Nov 13- Crocs Inc, known for its colorful clogs, is considering going private, among other strategic options, a person familiar with the matter said on Wednesday. The company has held talks with a small group of private equity firms, including Blackstone Group LP and KKR& Co LP, the person said, asking not to be identified because the discussions are confidential.
Nov 13- Shares of Extended Stay America Inc rose as much as 19 percent in their market debut on Wednesday, valuing the hotel chain at about $4.8 billion as investors bet on the recovery in the U.S. hotel sector.
Investing in private equity funds may not be so great after all, according to new research.
NEW YORK, Nov 8- Private equity firm KKR& Co LP is in advanced talks to acquire Brickman Group Holdings Inc, the largest U.S. commercial landscaping company, two people familiar with the matter said on Friday, in a deal projected at around $1.5 billion.
Some of the names on the move ahead of the open.
*Sold shares at 315 pence each, upper half of range. *Stock opened 3.2 percent higher on London market debut. LONDON, Nov 8- Shares in Merlin Entertainments jumped more than 12 percent in debut trade on the London stock market on Friday, to value the Madame Tussauds and amusement parks operator at around 3.5 billion pounds.
*Stock opened 3.2 percent higher on London market debut. LONDON, Nov 8- Shares in Merlin Entertainments rose more than 12 percent in debut trade on the London stock market on Friday to value the Madame Tussauds and amusement parks operator at around 3.5 billion pounds.
Merlin Entertainments priced its stock market float at 315 pence per share Friday.
LONDON, Nov 8- Madame Tussauds owner Merlin Entertainments priced its London stock market listing at 315 pence per share on Friday, valuing the private equity-backed company at 3.2 billion pounds.
Nov 6- Carlyle Group LP on Wednesday posted an 11 percent drop in third-quarter profit as it generated less cash from asset sales for its shareholders than it has done in any other quarter as a publicly listed alternative asset manager.
Nov 4- Ireland's Velti Plc said it would sell its mobile marketing business in the United States, Britain and India to a unit of Blackstone Group LP, and that it had filed for bankruptcy under Chapter 11 for its remaining U.S. operations.
Nov 4- Velti Plc said it would sell its mobile marketing business in the United States, the UK and India to Blackstone Group LP, and that it filed for bankruptcy under Chapter 11 for its remaining U.S. operations.
"I'd say we're kind of in the fifth inning of this recovery," John Rogers of Ariel Investments says.
Crown said in a statement that it would buy Mivisa from investment funds managed by affiliates of The Blackstone Group LP, N +1 Mercapital and management. Mivisa has 10 manufacturing facilities, including six in Spain and one in Morocco, Crown said.
Oct 31- Hotel chain Extended Stay America Inc said it expects to sell 28.3 million common shares at $18- $21 each in an initial public offering, valuing the company at as much as $4.2 billion.
Take a look at some of Wednesday's midday movers: