In business jargon, it seems like round has come back around. We're hearing a resurgence of the defense-minded phrase "circling the wagons," as well as the extremely slippery phrase "circle back," which changes its meaning completely depending on who's saying it.
Three years after it went private in a management buyout, Texas-based Kinder Morgan, which provides transportation and storage for oil and natural gas, has filed for an initial public offering worth as much as $1.5 billion. Is stock-market appetite returning?
Booz Allen Hamilton Holding has priced its IPO at $17 a share, setting its $238 million offering at the low end of its range. The offering from the management and technology consulting firm, which largely serves government clients, apparently failed to inspire prospective investors.
Defense consulting firm Booz Allen Hamilton, which is majority-owned by the Carlyle Group, has filed for a $300 million IPO.
