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Blackstone Group's 90 percent plunge in first quarter profits sent another shudder down the spine of the private equity industry. The Carlyle Group's credit fund woes certainly aren't helping things,... Read more...
Lazard Freres & Co., which is advising TXU, has informed a special committee at th energy company that it doesn't think a superior buyout proposal will emerge, dashing hopes of a Read more...
Stephen Schwarzman, co-founder of the Blackstone Group, has a lot to celebrate these days. For one thing, he's on the verge of winning a bidding war that would reign as the largest buyout ever.... Read more...
In their search for undervalued firms, Apollo Management and the Texas Pacific Group have arrived at the foot of the gambling industry: They have offered to buy Harrah's for $15 billion in cash,... Read more...
Another big deal for a marquee corporate name may be coming soon: United Airlines has hired Goldman Sachs. The parent of United has spoken about the likelihood and need for consolidation in the... Read more...