Some of Thursday's midday movers:» Read More
Aug 29- Carlyle Group LP has agreed to pay $115 million to settle a lawsuit accusing it of conspiring with other buyout firms not to outbid each other on some takeovers that occurred prior to the financial crisis, a person familiar with the matter said on Friday. Washington, D.C.- based Carlyle declined to comment.
Aug 27- Energy Future Holdings, the big Texas power company that filed for bankruptcy in April, said it will present a proposal for auctioning the company after it scrapped an earlier plan to exit Chapter 11 under control of unsecured creditors.
*KKR& Co and TPG Capital in rival $3.1 bln takeover bids. SYDNEY, Aug 21- Australia's Treasury Wine Estates Ltd, the world's No. 2 winemaker, swung to its first annual net loss and missed analysts' forecasts as the takeover target grappled with massive oversupply in its U.S. arm and sales fell globally.
*KKR teams up with Rhone Capital for $3.1 bln takeover offer. HONG KONG, Aug 12- A KKR& Co- led takeover of Australia's Treasury Wine Estates Ltd would likely lead to a long and drastic overhaul, resulting in a much smaller but more profitable company, bankers familiar with the matter said.
Some of the names on the move ahead of the open.
SYDNEY/ HONG KONG, Aug 11- Private equity giant TPG Capital Management LP made a $3.1 billion approach for Australia's Treasury Wine Estates Ltd, a source said, setting the scene for a possible bid war for the world's No.2 winemaker with rival KKR& Co..
*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- 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.
Treasury Wine Estates is opening its books to Kohlberg Kravis Roberts & Co after the private equity giant hiked its takeover offer to $3.15 billion.
*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.
July 24- Energy Future Holdings, the largest power company in Texas, asked a judge to extend the period in which it controls its Chapter 11 bankruptcy and said it is scrapping its original debt-cutting plan in favor of an auction of its Oncor unit.
*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.
Even as traders monitor the world's hot spots, corporate earnings news could be a positive for stocks in the week ahead.
Billionaire investor Leon Cooperman gave 12 stock recommendations at the Delivering Alpha conference Wednesday.
NEW YORK, July 16- KKR& Co LP's co-founders Henry Kravis and George Roberts have indicated they intend to stay at the buyout firm for at least five more years, but two men- Scott Nuttall and Joseph Bae- are emerging as front-runners to eventually succeed them.
Private equity firm KKR continues to expand its offerings, this time buying a stake in hedge fund firm BlackGold.
July 11- Silver Lake Partners LP has agreed to pay $29.5 million to settle a lawsuit that accused several large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis.