Hellman & Friedman LLC
Image Entertainment, Inc. (NASDAQ: DISK) announced that representatives of Image Entertainment and Nyx Acquisitions, Inc., an affiliate of Q-Black, LLC, agreed in principle to a third amendment to the amended merger agreement. Under the latest amendment, Image will receive a $1 million payment into its operating account on April 7, 2009 from Nyx. The $1 million payment will not form part of the merger consideration, and will be immediately available ...
According to reports from the Wall Street Journal, a half-dozen or so bidders have emerged for AIG's (NYSE: AIG) asset-management business, but the sale could become complicated by client withdrawals and declines in asset ...
According to a Reuters report, Barclays (NYSE: BCS) is currently in talks with numerous firms, including Goldman Sachs (NYSE: GS), related to the sale of the British ...
WASHINGTON--(BUSINESS WIRE)-- The Private Equity Council today announced that its members have adopted a set of comprehensive responsible investment guidelines that they will apply prior to investing in companies and during their period of ownership. The guidelines cover environmental, health, safety, labor, governance and social issues. The guidelines grew out of a dialogue between PEC members and a group of the world's major institutional investors, which took place under the umbrella of the United Nations-backed Principles for Responsible Investment (PRI). ...
StreetInsider.com has put together its 'Top 15 For 2008' which chronicles our view of the most significant news on Wall Street during the tumultuous year.
Number 14: M&A Wreckage
With the turmoil in the credit markets, 2008 was a horrible year for mergers and acquisitions. Not only were new deals not getting done, deals that were already announced were falling apart left and right. Dealogic said global deal volume was down 29% from a record 2007. Of the deals that did get done, some were fire-sales including Bank of America's (NYSE: BAC) buyout of Merrill Lynch (NYSE: MER) and Wells Fargo's (NYSE: WFC) buyout of Wachovia (NYSE: WB).
Some of the biggest M&A blow-ups in 2008
- The mega-takeover of BCE Inc. (NYSE: BCE) was cancelled.
- The most famous deal that didn't get done in 2008 was from laughingstock Yahoo! (Nasdaq: YHOO). Yahoo! turned down a $31 per share deal ...
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Notable Mergers and Acquisitions of the Day 12/04: PRU/WFC, COF, ITWO/JDAS
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Neuberger to Be Acquired by Management
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Lehman (LEH) to Sell 100% of Investment-Management Branch; Narrows Private Equity List to 3 Buyers
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KKR, Hellman & Friedman, Bain Capital Top Bidders for Lehman's (LEH) Asset Management Arm -FT
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Getty Images (GYI) Acquired by Private Equity Firm, Stock Ceases Trading After Market Close
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S&P Announces Changes to U.S. Indices (IDXX for GYI, BCPC for IDXX)
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Unusual 11 Mid-Day Movers 2/25: TTWO, GTXI, CRME, GYI Higher; IMM, SMSI, ANAD Lower
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Notable Mergers and Acquisitions of the Day 2/25 (ERTS/TTWO, GYI, DAL/NWA, CAL/UAUA)
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Pre-Open Movers 2/25: Take-Two (TTWO) Soars On Offer from EA, Getty Images (GYI) Up on Buyout
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Getty Images (GYI) To Be Acquired By Hellman & Friedman for $34/Share
