In a stinging blow to the British financier Guy Hands, a jury has cleared Citigroup of any wrongdoing over its role in the sale of EMI Group, the ailing music company.
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DealBook: Citigroup Prevails in Lawsuit Over EMI Deal
The Blackstone Group and the Carlyle Group demonstrated on Thursday that the private equity industry is thriving amid a weak economy – but they did so in nearly opposing ways.
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DealBook: Cheap Debt Fuels Private Equity Revival
Berkshire Hathaway announced that it has hired Todd Combs of Castle Point Capital to manage a “significant portion” of its investment portfolio.
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DealBook: Buffett Hires a Portfolio Manager
The American International Group said that its chief executive, Robert H. Benmosche, has been diagnosed with cancer and is undergoing “aggressive” treatment.
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DealBook: A.I.G. Chief Is Diagnosed With Cancer
A deal for CommScope, which could be worth more than $2.4 billion, could be announced within days, people briefed on the matter told DealBook.
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DealBook: Carlyle Nears Deal for CommScope
While the firm’s headline numbers beat estimates, expectations have been fading for weeks over a quarter that saw bond and equity markets fall.
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DealBook: Goldman Sachs Tops Estimates in a Weak Third Quarter
The all-stock deal will create one of the largest utilities in the United States, serving 3.5 million customers.
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DealBook: Northeast to Buy NStar for $4.3 Billion
The flamboyant British financier Guy Hands accuses Citigroup of deceiving him during the auction of the EMI Group, which Mr. Hands’s private equity firm bought for $6.7 billion in 2007.
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DealBook: Trial to Amplify the Citi-EMI Discord
Pfizer agreed to buy the maker of pain medication for $3.6 billion in cash, in the giant drug maker’s first major deal since its blockbuster purchase of Wyeth last year.
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Pfizer to Buy King Pharmaceuticals for $3.6 Billion
The deal is one of the most prominent investments by TPG in some time, while giving C.A.A. money it can use to expand into new ventures like sports.
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C.A.A. to Sell 35% Stake to TPG
Barnes & Noble on Tuesday fended off a proxy challenge from billionaire investor Ron Burkle, holding on to the seat held by its chairman, Len Riggio, left.
DealBook: Goldman Sachs Tops Estimates in a Weak Third Quarter
Tuesday, October 19th, 2010
