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What to make of the bidding for Lehman Brothers?

Few would have guessed this: Bank of America, JC Flowers & Co. and China Investment Company (the Chinese sovereign wealth fund) are considering a possible joint bid for Lehman Brothers, reports... Read more...

What does KKR see in Neuberger Berman?

According to CNBC, Kohlberg Kravis Roberts has emerged as the leading candidate to buy Neuberger Berman, the mutual fund company owned by Read more...

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 Read more...

Sallie Mae deal to go to court?

The biggest deal casualty of the credit crisis has been Sallie Mae. It looks like now that the next step in the ugly confrontation is a trial in Delaware. The latest is that the once-commited... Read more...

SPOTLIGHT: JC Flowers and Northern

Rock Private equity firm JC Flowers may step up as a competitor to Richard Branson and enter the auction for Northern Rock. Not sure what the firm sees, but it's really a valuation game. Read more...

Almost buyers want out of Sallie Mae break up fee

I guess this is a sign that the dance is over. There has been hope that J.C. Flowers and Bank of America and JP Morgan would find a way to compromise with Sallie Mae over the terms of the $25... Read more...

Sallie Mae saga continues

Sallie Mae announced a third-quarter loss of $344 million that seems to confirm what the banks and J.C. Flowers said about the effect of new legislation. But Sallie Mae chairman Albert Lord seems to... Read more...

More on the lower offer for Sallie Mae

So the deal isn't dead yet. Despite a lot of posturing and cut-short meetings, a group led by J. C. Flowers has made a new offer for Sallie Mae--$50 a share in cash. The previous offer was $60 a... Read more...

Sallie Mae deal to be canceled?

Well, the Sallie Mae deal may end up being the first huge victim of the crisis. The New York Times says J. C. Flowers & Company and Friedman Fleischer & Lowe have informed Sallie Mae that... Read more...

Private equity seeking more financial services deals

It was big news when Al de Molina, formerly a big wig at Bank of America, signed on with... Read more...