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Stock Market & Financial Investment News

News Breaks
January 31, 2013
13:06 EDTCG, DUFClearBridge urges Duff & Phelps to pursue higher offer during 'go shop' period
In an open letter to Duff & Phelps, long-term shareholder ClearBridge Investments urged the company's board and its advisors to "exhaustively pursue all alternatives, including a higher offer price, during the "go shop" period" of its deal to be acquired by a consortium comprising controlled affiliates of or funds managed by The Carlyle Group (CG), Stone Point Capital LLC, Pictet & Cie and Edmond de Rothschild Group.
News For DUF;CG From The Last 14 Days
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August 31, 2015
07:04 EDTCGCarlyle Group agrees to acquire Blyth for $98M
Carlyle Group (CG) and Blyth (BTH) announced they have entered into a definitive agreement under which Carlyle Group will acquire all of Blyth's outstanding shares of common stock in a transaction valuing Blyth at $98M, equating to $6.00 per share, which represents a premium of approximately 105% over the closing price of Blyth common stock on Friday, August 28 and a premium of 65% over Blyth's 30-day average share price as of such date. The transaction has been unanimously approved by Blyth's board and will be completed by means of a tender offer followed by a merger. Under the terms of the definitive agreement, an affiliate of Carlyle Group will commence a tender offer for all of Blyth's outstanding shares of common stock at $6.00 per share in cash. The tender offer is conditioned on Blyth's stockholders tendering at least a majority of Blyth's outstanding shares in the tender offer, early termination or expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. The acquisition is expected to close in Q4. The financing for the transaction will come from Carlyle Equity Opportunity Fund, a $1.1B U.S. middle-market buyout fund. Robert B. Goergen, Blyth's chairman of the board, and Robert Goergen, Jr., Blyth's president and CEO, who beneficially own approximately 38% of Blyth's outstanding shares of common stock, have committed to support the tender offer.
07:02 EDTCGCarlyle Group agrees to acquire Blyth for $98M
August 30, 2015
21:43 EDTCGCarlyle Group explores sale of Landmark Aviation for $1.7B, Reuters says
Carlyle Group has been exploring a sale of Landmark Aviation in a deal that could be valued as high as $1.7B, Reuters reported Friday, citing people familiar with the matter. Sources said Carlyle initially considered a public listing, but began considering an outright sale over the last few months. Reference Link
August 28, 2015
07:31 EDTCGCarlyle in takeover talks with Innovation Group, Sky News reports
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06:56 EDTCGCarlyle has little luck with hedge funds, WSJ reports
Carlyle Group has often seen the hazards of running hedge funds, with its Carlyle Capital fund becoming a harbinger for the 2008 financial crisis and its Blue Wave Partners hedge fund ending abruptly a few months later, the New York Times says. As recently as last week, the company announced that its credit-focused hedge fund Claren Road Asset Management faced roughly $2B in investor redemption requests, the report says. Though the company makes money in its core buyout business as well as in other areas, its track record with hedge funds has been murky at best, the report says. Reference Link
August 25, 2015
06:16 EDTCGKKR, Carlyle bid for Tesco's South Korean unit, Reuters reports
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August 21, 2015
07:36 EDTCGKKR, Affinity teaming up to bid for Tesco's South Korean unit, Reuters reports
KKR (KKR) is teaming up with Affinity Equity Partners to bid for Tesco's (TSCDY) South Korean unit, Reuters reports, citing sources. Another bidder, Carlyle (CG), is teaming up with Singapore's GIC, the sources say. The Tesco unit is valued at about $6B. Reference Link
August 20, 2015
18:59 EDTCGGoogle, Amazon, private equity compete for Indian data center unit, ET says
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August 18, 2015
06:53 EDTCGPrivate equity firms dominate bidding for Airbus defense assets, Bloomberg says
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August 17, 2015
17:20 EDTCGCarlyle Group sees Q3 impairment charge of $100M-$175M
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17:15 EDTCGCarlyle Group's Claren Road seeing withdrawals of 48% of assets, Bloomberg says
According to a person with knowledge of the matter, investors in Carlyle Group's Claren Road Asset Management asked to withdraw about 48% of the hedge fund's $4.1B in assets following losses this year, Bloomberg reports. Reference Link
14:55 EDTCGCarlyle Group's Claren Road seeing withdrawals of 48% of assets, Bloomberg says
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