Exclusive: TPG, Madison Dearborn final bidders for NFP - sources
NEW YORK - Private equity firms TPG Capital and Madison Dearborn Partners are the two finalists bidding for National Financial Partners , a New York-based wealth management company with a market value of nearly $900 million, people familiar with the matter said.
Found 1 month ago on channel Reuters
PBR Owner Making a Bid for Twinkies
The private-equity firm that owns Pabst Blue Ribbon beer is planning to bid on the Hostess cake brands division – which includes Ding Dongs, Ho Hos, Drake’s Devil Dogs, and…Twinkies. Could a PBR-like revival be in the snack cake’s future? PBR and Twinkies may not seem similar. One is a cheap-but-popular beer, especially beloved in hipster urban neighborhoods. The other a once-pervasive childhood staple with a bit-role in the Hostess bankruptcy proceedings. But both are iconic legacy brands that were once very much in demand. PBR has been revived. Twinkies ain’t doing so well. (MORE: 10 Tips for Getting the Most Out of College Aid) For PBR, 2001 was the low point. After winning awards more than a century earlier (we’re talking 1880s) and seeing production peak in 1977, the brand began a slow decline into obscurity. Over a span of about 25 years, Pabst went from making 18 million barrels to 1 million. That was right before the company discovered a subset of Americans who were really ...
Dish Network Makes $5.15B Bid for Clearwire
NEW YORK — Satellite TV provider Dish Network is offering to buy wireless network operator Clearwire — which agreed to sell itself to Sprint in December — for $3.30 per share, or $5.15 billion. Clearwire Corp. said it will discuss the unsolicited offer with Dish. However Sprint, which owns 51 percent of Clearwire, said it would have to sign off on Dish’s offer and that it does not intend to do so. Under the proposed deal, Dish Network Corp. would buy about 24 percent of Clearwire’s spectrum assets for $2.2 billion, and Clearwire would build and manage a wireless network for Dish. Dish would also provide up to $800 million in additional financing to the struggling Clearwire. (MORE: Google Brings Free Public WiFi to Its New York City Neighborhood) In December Sprint Nextel Corp. offered to buy the remaining 49 percent of the Bellevue, Wash., company for $2.90 per share. It later raised the offer to $2.97 per share, or $2.2 billion. Sprint is third-largest U.S. cellphone company and ...
Private equity firms to buy Duff & Phelps for $665 million
NEW YORK - A group of private equity firms, including the Carlyle Group , struck a deal on Sunday to buy financial advisory and investment banking firm Duff & Phelps Corp for about $665.5 million.
Found more than 1 month ago on channel Reuters
Rare pink diamond sells for $39 million at auction
A rare pink diamond once owned by Indian royalty has sold for $39.3 million at auction in New York City. The price for the 34.65-carat diamond that sold at Christie's on Tuesday was the second-highest ever for a jewel sold at auction. The seller and buyer were anonymous. The gem nicknamed the Princie Diamond was discovered 300 years ago in the Golconda mines in India. It once belonged to the ...
Found 1 month ago on channel MSNBC