Tag:
bidders
Latest Headlines
Latest Headlines
Frank Quattrone gets the best deals for targets
Frank Quattrone is definitely back.
The controversial investment banker who fought a knock-down drag-out with criminal prosecutors---and won!---has been the banker in the middle of some of hottest deals in the tech industry recently. According to Breakingviews , he's been amazingly successf
Risk arbs suffer losses as bids come up short
The revival of strategic deal-making machinery on Wall Street had risk arbitrageurs sensing opportunity. The nearly three-week bidding war between Hewlett-Packard and Dell 3Par in 2010 certainly whetted appetites and sparked lots of activity by risk arb hedge funds, which were sensing a return to
Richard Bove sticking to his guns on Lehman Brothers
Ladenburg Thalmann analyst Richard Bove is sticking to his guns on Lehman Brothers. He made headlines--again--not too long ago for his buy recommendation, which was driven by his belief that a hostile bidder will emerge. He still believes that is true. He says the potential bidders are private equ
Citigroup wins PA turnpike auction
We've noted that private equity firms were gung-ho to get into infrastructure projects. The latest sign: Citi Infrastructure Investors and two partners--Abertis Infraestructuras and Criteria CaixaCorp, both of Spain--offered $12.8 billion for the rights to lease the Pennsylvania state turn
JP Morgan to buy Bear Stearns
Two dollars a share. Hard to believe. But that shows you the extent to which Bear Stearns really was on the brink. It was a frenetic weekend of activity. CNBC reported early that JC Flowers and JP Morgan Chase officials met with Bear Stearns officials on Saturday. They were assumed to
Morgan Stanley advising unsolicited bids
The Bear Hug is back, thanks in large part to Morgan Stanley . The New York Times notes three instances of unsolicited bids. Microsoft's $45 billion offer for Yahoo, Electronic Arts' $2 billion bid for Take-Two Interactive and most recently, United Technologies' $3 billion offer for Diebol
Primer: auction rate bonds
The New York Times explains that the auction rate market was invented by a Lehman banker in 1984. "The idea was to issue long-term securities that could pay their buyers interest rates only a little above short-term rates." The key mechanism: periodic auctions that constantly reset rates. If
Goldman Sachs to the rescue?
The travails of Northern Rock, the ailing British bank, have been big news in the U.K. Taking center stage in the drama: Goldman Sachs . After the bank ran into trouble with its mortgage exposure, the Bank of England, the Treasury and the Financial Services Authority tapped Goldman Sachs to lo
Tide turning toward ICE in takeover battle?
It looks like the Intercontinental Exchange may be building even more momentum in its bid to buy the
Do takeover defenses lead to higher bids?
The Financial Times has an interesting take on the battle for ABN Amro . It sees the
