Federated Investors Buys Cash Business
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Asset management company Federated Investors Inc. on Thursday said it will buy Alliance Capital Management Holding LP&#39;s cash management business.
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A dot-com enabler for small financial institutions is rolling in the dough.
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All the right ingredients for a leveraged buyout.
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There has been a leveraged-buyout boom, in part because of financial alchemy that allows those who put up the cash to think they have investment-grade investments.
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With so few mergers and acquisitions these days and with fees for them shrinking, bankers have found a new way to milk more cash out of deals: working with both buyer and seller.
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Nuveen Investments Inc. , a  money manager with clients including institutional and wealthy  investors, on Wednesday said it agreed to be acquired by an  investor group led by private equity firm Madison Dearborn  Partners LLC for about $5.75 billion in cash.
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- Station Casinos Inc.  said it agreed to be acquired by privately held Fertitta Colony Partners LLC for $90 per share, or $5.4 billion in cash.
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Lone Star Funds, the buyout firm founded by John Grayken, plans to sell a stake in Korea Exchange Bank for as much as $1.1 billion after its move to divest entirely was derailed last year by a legal dispute. Lone Star is offering 73.1 million shares, or 11.3 percent of Korea Exchange, for 13,150 to 13.750 won ($14.19 to $14.84) a share, according to an e-mail message sent to fund managers by the Credit Suisse Group, the investment bank arranging the sale. Shares in Korea Exchange fell 1.7 percent, to 14,600 won, up 14 percent this year. Lone Star, based in Dallas, has struggled for two years to sell the controlling stake it bought in 2003 as Korean prosecutors contend that the firm purchased the shares at an artificially low price. The sale of part of the Seoul-based bank would allow Lone Star to return money to investors while the case is pending and retain a majority stake.
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These companies are buying back their shares. Should you join them?
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The online payment processor gets investors excited with its acquisition of Authorize.Net.
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HSBC is interested in buying the $3 billion (1.6 billion pound) store and credit card operations of US retailer Federated Department Stores (FD.
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More investors are trading bean commerce for e-commerce.
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The company has earned its nosebleed valuation.
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Want to buy into going-public mania? Here's a simple option.
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FORT WORTH-In a dual-pronged move, Cash America International Inc. has exited the European market after a 12-year run and has dibs on buying a competitor to get a foothold in the Western US.
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Funds run by the currency trader buy a 7% stake in the brokerage.
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The company that runs the Franklin Templeton mutual funds yesterday admitted that it allowed an investor to market-time its funds in exchange for putting $10 million into a start-up hedge fund at the firm, according to a settlement with the Massachusetts Securities Division.