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Stock Market & Financial Investment News

News Breaks
June 12, 2014
06:34 EDTCG, BX, KKR, GSGoldman Sachs to pay $67M to settle LBO collusion suit, Reuters reports
Goldman Sachs (GS) will pay $67M to settle its portion of a lawsuit accusing private equity firms of colluding not to outbid each other in leveraged buyouts from 2003 to 2007, Reuters reports. As part of the settlement, Bain Capital will pay $54M. Remaining defendants include Carlyle (CG), Blackstone (BX), KKR (KKR), TPG Capital and Silver Lake Partners. Reference Link
News For GS;BX;CG;KKR 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
06:55 EDTGSGoldman Sachs upgraded to Buy from Hold at Evercore ISI
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06:35 EDTGSCiti plans to rebuild equities franchise, Reuters reports
Citigroup (C) is planning to rebuild its equities franchise in an effort to capitalize on a retrenchment by rivals in the face of new rules created to make the financial system less risky, Reuters reports, citing people familiar with the bank's plans. It may be tough to overcome leaders such as Goldman Sachs (GS), Morgan Stanley (MS), and JPMorgan Chase (JPM), that have long dominated the sector, the report says. Citi is aiming to profit from a retreat of rivals slow to adapt new rules forcing banks to keep more capital, the report says. Deutsche Bank (DB), Credit Suisse (CS), and Barclays (BCS) are among others rebuilding their investment banking businesses, the report adds. Reference Link
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 27, 2015
06:46 EDTGSFed ups scrutiny of U.S. bank payment systems, WSJ reports
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06:34 EDTGSBanks, investors may suffer from margin calls, WSJ reports
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06:23 EDTGSGoldman hiring 'several hundred' employees for Warsaw units, Reuters reports
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August 26, 2015
07:39 EDTBX, KKRPiper Jaffray lowers estimates for asset managers below consensus
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06:19 EDTBXBlackstone seeking commercial properties in China, WSJ reports
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August 25, 2015
19:48 EDTBXWirecard joins bidding for Worldpay with $9.4B offer, Bloomberg says
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06:16 EDTKKR, CGKKR, Carlyle bid for Tesco's South Korean unit, Reuters reports
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August 24, 2015
05:47 EDTGSStocks with implied volatility movement; DIA GS
Stocks with implied volatility movement; Diamonds Fund ETF (DAI) 25, Goldman Sachs (GS) 31 according to iVolatility.
August 21, 2015
17:28 EDTBXBlackstone acquires majority stake in Stearns Holdings
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07:36 EDTCG, KKRKKR, 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 EDTCG, BX, KKRGoogle, Amazon, private equity compete for Indian data center unit, ET says
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06:10 EDTBXWeather Channel said to hire banks to explore sale, Bloomberg reports
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06:07 EDTGSSamsung Bioepis picks Citi, Goldman as lead managers for IPO, Reuters says
Samsung Bioepis has selected Citigroup (C) and Goldman Sachs (GS) as the lead managers for its planned listening on Nasdaq next year, a source tells Reuters. Morgan Stanley (MS) and Credit Suisse (CS) will also take part in the listing for Samsung's (SSNLF) biosimilar drug development arm, the source says. Reference Link
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