Brad Meikle
CBS Corp Chief Executive Leslie Moonves is discussing ways to buy out the broadcaster’s controlling shareholder, National Amusements Inc, ahead of a potential deal with Viacom Inc, the New York Post reported, according to Reuters.
Shares in Rexam Plc, the world’s second-largest beverage can maker by revenue, rose as much as 12 percent after two U.K. newspapers reported there was market chatter about U.S. private equity firms’ potential interest in the company, Reuters reported.
Bank of America Merill Lynch has poached AJ Murphy from Goldman Sachs to be co-head of global leveraged finance, a role she is returning to after just a year, according to an internal memo and sources close to the situation.
Apollo Global Management LLC is in advanced talks to acquire Protection 1 in a deal that could value the U.S. home security company at close to $1.5 billion, including debt, according to people familiar with the matter, Reuters reported.
Apollo Global Management LLC is exploring a sale or initial public offering of Great Wolf Resorts Inc, the largest U.S. operator of indoor water parks, according to people familiar with the matter, Reuters reported.
Two jumbo M&A loans totaling $12 billion in the challenging retail sector are giving a volatile and cautious U.S. leveraged loan market its first test of the year, as increased government scrutiny makes it more difficult to syndicate riskier deals, Reuters reported.
Caesars Entertainment Corp supports demands by creditors for an independent examiner to review recent deals by the casino company’s bankrupt operating unit, it said in court documents, Reuters reported.
It’s hard to beat today’s frothy fundraising market for jumping ship to raise a debut fund. But Stephen Schwarzman, chairman, CEO, and co-founder of Blackstone Group, this weekend cautioned young professionals to think twice before taking the plunge.
(Reuters) - A Delaware judge ruled on Friday that Permira Advisors paid a fair value of $32 per share to acquire Ancestry.com Inc and rejected hedge fund claims the price should have been as high as $47 per share.
(Reuters) - Republican Mitt Romney opted out of the 2016 presidential race on Friday after considering whether to run for a third time, telling supporters it is time for the next generation of Republican leaders to seek the White House.