- Private equity firm Centerbridge Partners LP has reached a tentative deal to buy bankrupt telecommunications firm LightSquared Inc for $3.3 billion, the Wall Street Journal reported on Wednesday, quoting people familiar with the matter.
- Hotel operator Hilton Worldwide Inc raised $2.34 billion in its IPO on Wednesday, returning to the public markets some six years after Blackstone Group LP took it private in one of the largest deals of the leveraged buyout boom.
NEW YORK - Morgan Stanley has launched a formal effort to sell its controlling stake in U.S. oil terminal and transport business TransMontaigne, four sources said on Wednesday, following other Wall Street powerhouses in yielding to intense regulatory pressure to get out of commodity investments.
- Hilton Worldwide Inc , the world's largest hotel operator, raised roughly $2.34 billion in its initial public offering on Wednesday after pricing shares toward the high end of the range.
- Food services provider Aramark Holdings Corp raised $725 million from its initial public offering after its shares were priced at the low end of its planned $20 to $23 price range, an underwriter told Reuters.
NEW YORK - Broadhaven Capital Partners, a 13-person investment bank that has advised on some of the biggest deals in the exchange space in recent years, is gearing up to expand.
LONDON - U.S. activist investor Sandell Asset Management demanded British transport operator FirstGroup split off its U.S. business, which owns the yellow school buses that operate across the country, in order to invest in its domestic arm.
LONDON - Morgan Stanley has launched a formal effort to sell control of its U.S. oil pipeline and terminal business TransMontaigne, sources said on Wednesday.
NEW YORK - Broadhaven Capital Markets, a 13-person investment bank that has advised on some of the biggest deals in the exchange space in recent years, is gearing up to expand.
MADRID/MEXICO CITY - Spanish lender Popular said on Wednesday it would raise up to 450 million euros ($620 million) by selling shares in the bank to new Mexican investors, allowing it to boost its solvency ratio and secure a stake in a small Mexican bank.
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.