Key Developments: Goldman Sachs Group Inc (GS)

GS on New York Consolidated

2 Oct 2014
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$0.76 (+0.42%)
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Latest Key Developments (Source: Significant Developments)

Quadrangle and Goldman Sachs Capital Partners to sell Get to TDC
Monday, 15 Sep 2014 04:34am EDT 

Quadrangle Capital Partners II and Goldman Sachs Capital Partners:Announce signing of a definitive agreement to sell Get A/S, fiber-based entertainment and communications provider of video, broadband and voice over IP services in Norway, to TDC A/S for an enterprise value of 13.8 bln Norwegian Krone.Transaction is expected to close in the Q4 2014.Goldman Sachs International and Deutsche Bank AG served as financial advisors to Get.  Full Article

Goldman Sachs Group Inc announces agreements with FHFA
Friday, 22 Aug 2014 05:15pm EDT 

Goldman Sachs Group, Inc:Says it has reached agreements with the Federal Housing Finance Agency (FHFA) to resolve all federal and state securities law claims brought by FHFA with respect to residential mortgage-backed securities (RMBS) purchased by Fannie Mae and Freddie Mac over the 2005-2007 period.Under the terms of the agreements, Goldman is repurchasing the RMBS for $3.15 billion.Costs of resolving these matters are substantially covered by reserves as of the second quarter of 2014.  Full Article

Goldman Sachs Group Inc declares dividend
Tuesday, 15 Jul 2014 07:35am EDT 

Goldman Sachs Group Inc:Says On July 14, declared a dividend of $0.55 per common share to be paid on Sept. 29 to common shareholders of record on Aug. 29.  Full Article

Goldman Sachs Group Inc and Bain Capital Partners agree to $121 mln settlements in LBO antitrust violations case
Wednesday, 11 Jun 2014 06:55pm EDT 

Robins, Kaplan, Miller & Ciresi L.L.P:Says that Goldman Sachs Group Inc and Bain Capital Partners have agreed to pay a total $121 mln in settlement of the firm's class of plaintiffs clients in Dahl v. Bain Capital Partners.Bain has agreed to a settlement for $54 mln, and Goldman Sachs agreed to a $67 mln settlement, as two of seven defendants in that case.Plaintiffs are former shareholders of certain public companies who sold their shares to defendant private equity firms in large leveraged buyouts (LBOs) announced between 2003 and 2007.  Full Article

Blackstone Group and Goldman Sachs merchant banking division to acquire Ipreo from KKR
Monday, 14 Apr 2014 08:30am EDT 

Blackstone Group and Goldman Sachs:Says funds managed by Blackstone and Goldman Sachs Merchant Banking Division to acquire Ipreo Holdings LLC from affiliates of Kohlberg Kravis Roberts & Co. L.P. (KKR).Kohlberg Kravis Roberts & Co. L.P. to retain minority ownership stake in the business.Ipreo was advised by BofA Merrill Lynch, Morgan Stanley, and Citigroup.Legal counsel was provided to Ipreo and KKR by Simpson Thacher & Bartlett.Financing for transaction is being led by Goldman Sachs & Co. and BofA Merrill Lynch, with Credit Suisse, Deutsche Bank, Morgan Stanley and RBC Capital Markets.  Full Article

Goldman Sachs Group and Goldman Sachs Australia Group ceases to be substantial shareholder in Australand Assets Trust
Friday, 11 Apr 2014 03:47am EDT 

Australand Assets Trust:Says the Goldman Sachs Group, Inc. on behalf of itself and its subsidiaries (Goldman Sachs Group) including its significant subsidiaries and Goldman Sachs Holdings ANZ Pty Limited and its subsidiaries (Goldman Sachs Australia Group) has ceased to the substantial holder of the company.  Full Article

Goldman Sachs and Vestar Capital Partners in Partnership to acquire Hearthside Food Solutions
Wednesday, 19 Mar 2014 08:00am EDT 

Goldman Sachs Group Inc and Vestar Capital Partners:Signs definitive agreement to acquire Hearthside Food Solutions.Terms were not disclosed.Transaction is expected to close in second quarter of 2014.Goldman Sachs and Vestar will own equal stakes in company going forward.  Full Article

Goldman Sachs investigated in New York currency trading probe-Reuters
Tuesday, 4 Feb 2014 07:00pm EST 

Goldman Sachs Group Inc:Benjamin Lawsky, New York's financial services superintendent, has opened an investigation into manipulation of the currency markets by banks and is requesting documents from more than a dozen institutions-Reuters.According to a source familiar with the matter, Lawsky has asked for documents from Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Lloyds Banking Group Plc, RBS, Societe Generale and Standard Chartered.  Full Article

NY court lets lawsuit against Goldman Sachs Group Inc over Timberwolf CDO proceed - Reuters
Thursday, 30 Jan 2014 04:23pm EST 

Goldman Sachs Group Inc:A New York state appeals court on Jan. 29, refused to dismiss a $1.07 billion lawsuit accusing Goldman Sachs Group Inc of selling securities as the financial crisis began that it expected to lose value - Reuters.The lawsuit, brought by Australian hedge fund Basis Yield Alpha Fund, says Goldman made misleading statements and omissions about collateralized debt obligations known as Timberlake and Point Pleasant.It claims Goldman sold the securities as a way to offload subprime mortgages it knew were toxic and sought to profit from the same securities by shorting them.In its ruling, a five-judge appeals panel said a lower court rightly declined to dismiss the fraud claims, rejecting Goldman's view that they should be thrown out because of disclosures and risk disclaimers in its offering circulars.  Full Article

Libya sues Goldman Sachs Group Inc over losing trades-Reuters
Thursday, 30 Jan 2014 11:25am EST 

Goldman Sachs Group Inc:The Libyan Investment Authority (LIA) last week filed a law suit against the Goldman Sachs Group Inc in London's high court-Reuters.Seeking to cancel a series of equity derivatives trades between January and April 2008 and the repayment of premiums paid to Goldman Sachs for its services.In court documents seen by Reuters on Thursday, the LIA said Goldman took advantage of the fund's "financially illiterate' staff, who had placed trust and confidence in the bank.A spokesperson for Goldman said ,'We think the claims are without merit, and will defend them vigorously.  Full Article


Goldman's Petershill II fund takes stake in hedge fund Caxton

LONDON/BOSTON - Goldman Sachs Group Inc has bought a 10 percent stake in hedge fund Caxton Associates, its third investment for its recently launched Petershill II fund, two sources familiar with the move said on Wednesday.

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