Tag:
Reverse Merger
Latest Headlines
Latest Headlines
Bad news piles up on John Paulson
Hedge fund kingpin John Paulson got swept up in the China reverse merger mania regarding one stock, Sino-Forest, in which he built a 14 percent stake.
Unfortunately, Muddy Waters, a Hong Kong-based research outfit, released a research report that argued the company was a fraud, and the stock l
Crackdown on Chinese reverse mergers
Reverse mergers have long been a controversial backdoor way for a company to list on the public markets in the United States. The basic idea is to merge a publically traded shell company with a private company, and, presto, that private company instantly becomes a listed company on an established
KKR's timing stokes questions
The New York Times weighs in with a lengthy piece on Kohlberg's Kravis Roberts decision to go public via a reverse merger with its Dutch financial affiliate. It notes that Henry Kravis has been thinking about how to go public for about five years. It offers an interesting account of how the de
Former Goldman Sachs star stumbles
It was big news when Steven Mandis, a protégé of former Treasury Secretary Robert Rubin, left Goldman Sachs for Halcyon in 2004. He was a rising star in the hedge-fund industry and in New York society. Two funds he managed were down about 20 percent as of July, and investors were none too pleased.
KKR to go public after all
Kohlberg Kravis Roberts has found a way to go public after all. Recall that its attempt last year was scotched by Blackstone Group 's poor aftermarket performance and a sudden downturn in the credit markets. But the storied private equity firm has announced a deal that calls for it to buy i
