Investment firm dissolves Vail Resorts stake
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VAIL, Colo. Vail Resorts Incorporated says one of its largest shareholders is dissolving its stake. Investment firm Apollo Advisors owns almost 18 percent of Vail Resorts.
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Vornado Realty Trust  said on Wednesday it has terminated its cash and stock proposal to acquire Equity Office Properties Trust , paving the way for private equity firm Blackstone Group to take over the top U.S. office landlord for $23 billion.
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NEW YORK: The owner of a popular bowling alley in Manhattan said yesterday his company was severing ties with a group tied to the late Palestinian leader Yasser Arafat and is returning its $1.3 million investment.
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Jacob Goldfield has resigned as chief investment officer of George Soros&#39; $8.3 billion hedge fund to start his own investment management company.
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The UK's investment watchdog shuts down a property investment firm that took Â£10m from 180 customers.
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Belgian-Dutch banking and insurance group Fortis said it planned to cut its 36-percent stake in its separately listed US unit Assurant, generating a gain of more than 800 million dollars (595 million euros).
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SEOUL -- US private-equity group Lone Star Funds said yesterday it was terminating a contract to sell its controlling stake in a South Korean bank, scrapping a deal worth billions of dollars amid a high-profile probe by prosecutors.
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Station Casinos Inc.  has accepted a revised buyout offer valued at about $5.5 billion from a group that includes the company's founding family and real-estate firm Colony Capital LLC, according to The Wall Street Journal.
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Ashland Inc. ASH.N on Monday said  the $3 billion deal to sell its stake in refining joint venture  Marathon Ashland Petroleum LLC to Marathon Oil Corp. MRO.N  will likely be scuttled due to an adverse ruling by the U.S.  Internal Revenue Service.
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Host Marriott Corp. said Wednesday that it is selling a majority of its stake in Courtyard hotels to an institutional investor for $92 million in a move to divest a noncore asset.
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The 322-room Tremont Boston was sold to Highland Hospitality Corp., a Virginia-based real estate investment trust that purchased the hotel along with three others for $227 million from Wyndham International Inc.
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By The News & Observer, Raleigh, N.C.  Jun. 22--RALEIGH -- Shareholders of Winston Hotels voted to sell the Raleigh real estate investment trust to an Illinois company.
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A private investment group that includes buyout specialist Kohlberg Kravis Roberts &amp; Co. on Thursday dropped its $850 million bid to acquire utility company UniSource Energy Corp.
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By RICK ORLOV\\ Staff Writer  The second major firm backing a Los Angeles Convention Center hotel withdrew Friday, leaving only Anschutz Entertainment Group to develop two luxury hotels and condominiums touted as key to the $2.5 billion l.a. live complex.
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A group of private equity investors   including Kohlberg Kravis Roberts & Co. said on Monday it had   ended talks to acquire Freescale Semiconductor Inc. FSL.N   after the chip company agreed to be bought by a Blackstone   Group-led consortium.
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An investor group that worked for more than a year to buy the state&#39;s third largest electric utility threw in the towel Thursday and pulled its approximately $3 billion offer off the table.
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One of Britain's biggest property funds shuts its doors to withdrawals after panic selling