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SPOTLIGHT: Texas trial

This could get interesting. The Clear Channel trial is set to take place in a Texas state court. Citigroup, Morgan Stanley, and others who balked at financing the $19 billion deal on behalf of Bain Read more...

Banks still balking at Clear Channel deal

The Clear Channel saga continues, and it may end in court. At issue: Bank financing for the nearly $20 billion deal. The two buyout firms--Bain Capital and Thomas H. Lee Partners--seem willing to go Read more...

More on hedge funds vs. private equity funds

There seems to be a bit more tension these days between hedge funds and private equity funds. One example: The $8 billion buyout of Aramark Corp. Goldman Sachs, CCMP Capital Advisors and J.P. Read more...

Hedge funds prevail, ClearChannel bid to go higher

Shareholders of ClearChannel were widely expected to reject a buyout offer from Thomas H. Lee Partners and Bain Capital. A few shareholders, notably Highfields Partners, made a huge stink about Read more...

Analyst at odds with PE firms

Victor Miller has been ranked the No. 1 analyst for radio and TV by Institutional Investor for the past five years. So it is a big deal that he has concluded that an offer by Thomas H. Read more...

Benefits of private equity firm IPO are clear

When you think about it, it makes a lot of sense for private equity executives to rail against Sarbanes-Oxley and at the same time consider a public offering. True, they will have some compliance Read more...

Clear Channel deal morphs into test of wills

Has a great private equity firms vs. shareholders battle begun? Well, it sure has when it comes to Clear Channel Communications. Shareholders have been more than pissed about the $18.7 billion Read more...

Battle for Home Depot taking shape?

Nothing would get Wall Street's juices flowing like a good old-fashioned buyout battle. People are still wondering whether the Read more...

Private equity firms eye newspapers

There are three clubs with designs on the Tribune Company: Providence Equity Partners, Madison Dearborn Partners and Apollo Management; Thomas H. Lee Partners and the Texas Pacific Group; and the Read more...

Private equity club collusion probe sparks concern

These firms have received two-page letters from the Justice Department asking some pointed questions Read more...