Guitar Center Inc. said it agreed to be acquired by private equity firm Bain Capital Partners LLC for about $2.1 billion, including assumed debt.
Risk aversion triggered by troubles with U.S. mortgage securities rippled across financial markets on Wednesday, depressing European and Asian stocks and boosting safe haven government bonds.
Stock index futures indicated a lower open on Wednesday on concern over a rising Japanese yen, a signal that free-flowing liquidity that has fueled gains in global equity markets could dry up.
Carlyle Group, a U.S. private equity firm, is considering a stock market listing similar to last week's initial public offering by rival Blackstone, Dow Jones Newswires reported on Wednesday.
Gold on Wednesday hit its lowest in more than three months and silver fell to its weakest in more than five months as commodities were hit by the latest wave of risk aversion in global financial markets.
Shareholders in the London Stock Exchange are expected to support the bourse's decision to buy Milan-based Borsa Italiana, LSE Chief Executive Clara Furse said on Wednesday.
Bear Stearns Asset Management CEO Richard Marin is taking a stronger role in managing its two troubled hedge funds and tapped mortgage unit head Thomas Marano to save one of the funds, two sources familiar with the decision said.
Blackstone Group LP units slid 5.2 percent on Tuesday, closing below the $31 price the private equity giant fetched in its initial public offering last week, as investors fretted the private equity boom may have peaked.
Stocks closed down for a third session on Tuesday as higher bond yields raised concerns about borrowing costs and more fallout from the subprime mortgage market kept investors on edge.
Stocks closed down for a third session on Tuesday as higher bond yields raised concerns about borrowing costs and more fallout from the subprime mortgage market kept investors on edge.
With about $62 billion of new junk bonds poised to flood an uneasy market in coming months, debt investors and the corporate buyout firms that borrow from them may be in for a long, hot summer.
It's time to sit down and have a nice long talk with your financial adviser, especially if she works at a bank or brokerage firm.
Blackstone Group LP units tumbled more than 6 percent in Tuesday morning trade, falling below the $31 price the private equity giant fetched in its initial public offering last week.
Bear Stearns Cos. Inc. is not currently planning to bail out a second hedge fund that has suffered big losses, a source close to the matter said on Tuesday.
Stock index futures rose on Tuesday before data on new home sales, which is expected to show a decline in May.
European and Asian stocks fell on Tuesday while government bonds and the yen rose as concerns about the U.S. mortgage market and warnings about currency borrowing prompted investors to cut back on risky assets.
U.S. private equity firm Texas Pacific Group is expected to bid for Singapore's microchip-testing firm United Test and Assembly Center as part of a consortium, banking sources said on Tuesday.
Asset management firm BlackRock Inc. said it agreed to acquire the fund of funds business of Quellos Group LLC for up to $1.7 billion, in a move to expand its alternative investment operations.
The yen rose broadly on Tuesday, pulling away from multi-year lows versus the dollar and euro after Japanese, South Korean and New Zealand officials raised concerns about the low-yielding currency's recent weakness.
All five commissioners of the U.S. Securities and Exchange Commission are to appear on Tuesday at a Congressional hearing that is expected to explore hedge fund activities, access to corporate proxy statements and so-called soft-dollar arrangements.
South Korea's National Pension Service is interested in buying a majority stake in Korea Exchange Bank (KEB) from Lone Star, but has had no formal talks with the U.S. investment firm, a senior fund executive said.
The Upper Deck Co. said on Monday it would launch a hostile tender offer to acquire baseball trading card company Topps Co. Inc. for about $425 million.
