|
|
News Breaks | | | | December 31, 2012 | | 09:52 EDT |  | CG, DUF, NCI, FCN | Duff & Phelps rallies after takeover, firm says better offer unlikely
Duff & Phelps (DUF), which provides financial advisory and investment banking services, is surging after the company last night announced that it had agreed to be acquired by a consortium led by private equity firm The Carlyle Group (CG) for $15.55 per share, or approximately $665.5M. In a note to investors earlier today, William Blair analyst Timothy McHugh wrote that FTI Consulting (FCN) and Navigant Consulting (NCI) probably at least considered bidding for Duff & Phelps, but ultimately decided not to do so. Therefore, the most likely outcome is that the Carlyle consortium will acquire Duff & Phelps for $15.55 per share, the analyst believes. However, it is possible that a competing bid will surface, added McHugh, who maintained an Outperform rating on Duff & Phelps. In early trading, Duff & Phelps jumped $2.54, or 19.46%, to $15.59, while FTI Consulting lost 0.74% to $32.09 and Navigant added 0.27% to $10.94. | |
|
News For DUF;FCN;NCI;CG From The Last 14 Days Check below for free stories on DUF;FCN;NCI;CG the last two weeks. |
|
|
| May 20, 2013 | | 07:50 EDT |  | CG | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link | | | May 15, 2013 | | 07:37 EDT |  | FCN | Macquarie to host a conference
 Subscribe for More Information | | | 07:11 EDT | | CG | Some buyout firms move beyond buyouts, WSJ reports
Subscribe for More Information | | | 06:08 EDT | | CG | On the Fly: Periodicals Wrap-Up
Subscribe for More Information | | | May 13, 2013 | | 10:09 EDT |  | CG | On The Fly: Analyst Downgrade Summary
Subscribe for More Information | | | 07:29 EDT | | NCI | Skillsoft to host a conference
2013 Global Skillsoft Perspectives Learning Industry Conference is being held in Orlando, Florida on May 13-16. | | | 06:44 EDT | | CG | Carlyle Group downgraded to Neutral from Buy at UBS
Subscribe for More Information | | | May 10, 2013 | | 05:53 EDT | | CG | Carlyle Group bids on stake Rio Tinto Australian copper mine, Reuters reports
The Carlyle Group (CG) submitted a bid for Rio Tinto's (RIO) 80% stake in the Northparkes copper mine in Australia, sources say, reports Reuters. Analysts have suggested Rio Tinto could receive up to $1B for the mine. Reference Link | |
|
|
|
|
|
|
