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Stock Market & Financial Investment News

News Breaks
May 20, 2014
04:55 EDTTCPC, TCPC, IVR, IVR, BLK, BLK, MITT, MITT, PMT, PMT, CG, CG, CMO, CMO, GBDC, GBDC, TCRD, TCRD, HTS, HTS, CYS, CYS, WD, WDWells Fargo to hold a conference
2014 Specialty Finance Conference to be held in New York on May 20-21.
News For TCPC;CYS;HTS;TCRD;GBDC;CMO;CG;PMT;MITT;BLK;IVR;WD From The Last 14 Days
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September 1, 2015
10:04 EDTGBDCOn The Fly: Analyst Upgrade Summary
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05:45 EDTGBDCApollo Investment downgraded to Hold from Buy at Cantor
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05:42 EDTGBDCGolub Capital upgraded to Buy from Hold at Cantor
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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
12:33 EDTBLKDividend-rich blue chips look attractive amid market volatility, Barron's says
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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 26, 2015
09:01 EDTBLKBlackRock to acquire FutureAdvisor, terms not disclosed
BlackRock has entered into a definitive agreement to acquire FutureAdvisor. FutureAdvisor will operate as a business within BlackRock Solutions. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2015. The financial impact of the transaction is not material to BlackRock earnings per share. Terms were not disclosed.
07:39 EDTBLKPiper Jaffray lowers estimates for asset managers below consensus
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August 25, 2015
06:16 EDTCGKKR, Carlyle bid for Tesco's South Korean unit, Reuters reports
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August 24, 2015
11:41 EDTGBDCGolub Capital upgraded to Outperform from Market Perform at Wells Fargo
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August 23, 2015
12:50 EDTBLKBlackRock shares could return 20% in one year, Barron's says
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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 19, 2015
08:30 EDTPMTPennyMac Mortgage announces $150M share repurchase program
PennyMac Mortgage Investment Trust announced that its Board of Trustees has authorized a share repurchase program under which the company may repurchase up to $150M of its outstanding common shares of beneficial interest.
06:13 EDTBLKSnapdeal secures $500M in investment round led by Alibaba, Softbank
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August 18, 2015
06:53 EDTCGPrivate equity firms dominate bidding for Airbus defense assets, Bloomberg says
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