buyout

Borders' Bid for B&N Will Go Nowhere Fast

When Barnes & Noble announced it was looking for a buyer, we entertained the fanciful notion that its smaller rival, struggling book retailer Borders, might put in a bid. As absurd as the idea was, that buyout offer has been made. Here's why it has virtually no chance of succeeding.

Hyundai's Deal to Reacquire Hyundai E&C Under Fire

Hyundai Group landed a preliminary $4.8 billion deal to purchase South Korea's Hyundai Engineering and Construction Co., that nation's largest contractor, but concerns over whether Hyundai Group can pull the financing together is raising questions among top investors.

Is Coal Miner Massey Buyout Bait?

Shares in Massey Energy were climbing today on reports that the coal mining company was "exploring strategic alternatives" -- in other words, a possible sale.

Walmart in Talks to Buy Russian Supermarket Chain

Walmart has renewed its efforts to purchase Russian supermarket chain Kopeika, following reports that competing Russian grocer X5's interest in acquiring it has waned, according to a Reuters article.

Bain Capital to Buy Gymboree for $1.8 Billion

Children's clothing retailer Gymboree (GYMB) has agreed to be acquired by private-equity firm Bain Capital Partners for $1.8 billion in an all-cash deal, the companies said Monday.

MGM Proposes Bankruptcy Package

Movie studio Metro-Goldwyn-Mayer, home of movie franchises such as James Bond and The Pink Panther, proposed a bankruptcy plan that would reduce its debt by $4 billion and put the founders of Spyglass Entertainment in charge of the legendary studio. MGM said it is seeking lenders%u2019 votes for the plan, which would involve secured lenders exchanging more than $4 billion in debt for 95.3% of equity in the company once it emerges from Chapter 11, Reuters reported.

Sara Lee Shares Soar on Reports it Spurned KKR Offer

Food giant Sara Lee saw its shares surge over 18% in premarket trading Monday after the New York Post reported the company turned down a $12 billion buyout offer from private-equity company KKR & Co.), citing unnamed sources.

Sinochem Closer to Countering BHP's Bid for Potash

The FTC has cleared a BHP Billiton bid for Potash Corp., but that hardly matters. Authorities in the fertilizer company's home country of Canada may not approve the transaction. And it looks like BHP won't be the only bidder. The giant Chinese conglomerate Sinochem is working on an offer.

Big Tech's Buying Binge: Who Will Be Acquired Next?

IBM, Oracle, Hewlett Packard and Intel have been on a buying spree of late, and it's virtually guaranteed that they'll be purchasing more companies over the next several months. But which companies will they target next? Here are eight strong possibilities you might want to buy into.

Carlyle Group, TPG Capital Agree to Buy Australia's Healthscope

Carlyle Group and TPG Capital agreed to buy Australian private healthcare provider Healthscope Ltd for A$2 billion, or $1.7 billion. Healthscope said today that shareholders should accept the cash offer of A$6.26 a share, Bloomberg News reported. The offer values the company at A$2.7 billion including debt.

Apollo Digests CKE Restaurants in $694 Million Deal

CKE Restaurants, operator of Carl's Jr. and Hardee's, has accepted Apollo's $694 million offer, spurning an earlier bid from THL Partners. The bidding war suggests that private equity operators are getting more aggressive with deal-making.

Kraft: A Sweeter Bid for Cadbury?

When Kraft offered $16 billion for Cadbury in September, the U.K. food company rejected it as insultingly low, and investors agreed. Now, with time running short and with rumors of other suitors in the hunt, the word is out that Kraft will increase its bid within days.

Private Equity Creates Big Returns, Big Controversy

Now that private equity is no longer producing monster returns, it's time to assess its value. By using debt, buyout shops have taken over struggling companies and enriched investors. But critics say the practice leads to more layoffs and the "flipping" of companies.