An Insider Buyout at Kenneth Cole Fashion entrepreneur Kenneth Cole offered to buy out his namesake company in a $ 280 million deal. But his effort could be a fraught one, testing the limits of his majority ownership against minority shareholders.
Continue reading …In Retreat, Sears Set to Unload Stores After seven years of trying to rebuild the iconic retailer Sears, hedge-fund manager Edward S. Lampert reversed course and said Sears Holdings will unload more than 1,200 stores in an effort to raise up to $ 770 million.
Continue reading …Lansdowne drops UK from name of .5 billion hedge fund LONDON (Reuters) – Lansdowne Partners, one of Europe’s biggest hedge fund firms, is to rename its flagship $ 7.5 billion UK Equity fund, reflecting its overseas investments and allowing it to invest…
Continue reading …Wynn Defends Ouster of Investor Wynn Resorts defended its move to oust major shareholder Kazuo Okada, saying the board acted out of an obligation to protect the company and its shareholders.
Continue reading …Bullish hedge funds hike their bets in 2012 rally LONDON (Reuters) – Hedge funds are cranking up their bets in equities and credit in 2012′s buoyant markets in the belief that the euro zone, U.S. and Chinese economies will fare better than many were…
Continue reading …Falcone’s Telecom Troubles Mount As troubles grew for Harbinger hedge-fund manager Philip Falcone, he held a conference-call with investors but offered no details on how he planned to overcome a regulatory setback for LightSquared Inc.
Continue reading …Kellogg Adds Snacks Kellogg’s $ 2.7 billion deal with Procter & Gamble to buy Pringles potato crisps aims to satisfy a hunger for more diversification and instantly makes it a player in overseas snacking.
Continue reading …Japan Crisis Transforms Natural-Gas Market Japan’s increasing demand for natural gas, an outgrowth of its sudden move away from nuclear power in the wake of last year’s earthquake, is beginning to remake the globe.
Continue reading …Exelon’s Deal With First Solar in Doubt Exelon said a $ 1.36 billion solar-power plant deal with First Solar has hit a delay, stemming from problems with the project’s federal loan guarantee.
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