United States

Funds News Headlines

Court finds Petsmart buyout fair in blow to appraisal strategy

Private equity firms paid fair value for PetSmart Inc when they bought the retailer for $8.7 billion in 2015, a Delaware judge ruled on Friday, dealing a blow to hedge funds that try to wring cash from merger deals through a strategy known as appraisal.


Exclusive: Trump son-in-law had undisclosed contacts with Russian envoy - sources

WASHINGTON U.S. President Donald Trump’s son-in-law and close adviser, Jared Kushner, had at least three previously undisclosed contacts with the Russian ambassador to the United States during and after the 2016 presidential campaign, seven current and former U.S. officials told Reuters. | Video