8:09am ET
Retail
Best Buy Still a Buyout Target
Best Buy Co. Inc. (NYSE: BBY) is still a buyout candidate. That is what Reuters has said in a report. Founder Richard Schulze and four named private equity firms have reportedly started…
APO Coverage Page 10
8:38am ET
Industrials
DuPont Sells Paint Unit, Will Cut “Overhead” Later (DD, CG, APO, KKR, SYT)
Following a months-long auction process, E.I. du Pont de Nemours and Co. (NYSE: DD) has agreed to sell its performance coating unit (DPC) to the Carlyle Group (NASDAQ: CG) for $4.9 billion…
8:23am ET
Investing
Top Analyst Upgrades & Downgrades (AMD, AXP, APO, BPI, COF, LNG, CQP, JCP, LTD, LNKD, MM, NWSA, NCT, NTRS, LUV, STT, AMTD, TIVO, TROW, TSN, AAPL, PCX, ANR, CNX)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. Advanced Micro Devices. Inc. (NYSE: AMD) Maintained Neutral and cut target to…
8:14am ET
Investing
The Next Mergers & Buyouts For 2012
As of late last week we had many potentially imminent buyouts that could have hit the market. When we were just finishing the report draft on Friday is when the Amylin Pharmaceuticals,…
2:47pm ET
Banking, finance, and taxes
Huntsman Back In M&A Play! Private Equity Deal Returns From Dead (HUN, APO, BAC, KKR, DD, DOW)
Huntsman Corporation (NYSE: HUN) is rumored to be back in play. If you will recall, this was the subject of a private equity buyout back during the private equity bubble and its $6.5…
11:33am ET
Banking, finance, and taxes
Carlyle Aims For Value In Private Equity IPO Pricing (CG, BX, APO, KKR)
Carlyle Group (NASDAQ: CG) is originally being viewed as a mixed debut for an initial public offering. The market remains a bit cautious when it comes to investing into private equity outfits…
10:14am ET
Banking, finance, and taxes
Great Wolf Bidding Gets a Boost (WOLF, APO)
Pretty much as expected, the bidding for Great Wolf Resorts Inc. (NASDAQ: WOLF) is heating up. Last week the company got an offer from K-9 Acquisition Inc., an affiliate of Apollo Global…
Paul Ausick 10:33am ET
Banking, finance, and taxes
Private Equity Firms in Water Fight (APO, WOLF)
In mid-March, private equity giant Apollo Global Management LLC (NYSE: APO) offered to acquire Great Wolf Resorts Inc. (NASDAQ: WOLF), owner of 11 water parks and resorts, for $5/share and the assumption…
Paul Ausick 2:41pm ET
Commodities & Metals
Shake-up Coming in the Diamond Business? (BHP, HWD, KKR, APO, AAUKY)
The Ekati diamond mind in northern Canada could be about to change hands. BHP Billiton plc (NYSE: BHP), which owns 80% of the mine, is reportedly in discussions with several potential buyers,…
11:58am ET
Investing
Apollo Buys Great Wolf Resorts (APO, WOLF)
An affiliate of asset management giant Apollo Global Management LLC (NYSE: APO) has agreed to acquire water-park resort owner Great Wolf Resorts Inc. (NASDAQ: WOLF) for $5/share, or about $165 million in…
Paul Ausick 7:31am ET
Investing
24/7 Wall St. Top Analyst Calls of the Week (BX, APO, CMA, DELL, DANG, EXM, FSLR, GILD, LVLT, ERIC, MAR, ORCL, SUN, VVUS, WBMD)
Jon OggEach weekend we review the many analyst calls we track during the week. Some turn out to be very insightful and some turn out to be not so great. For better…
2:43pm ET
Investing
El Paso, Kinder Morgan Near $7 Billion Sale of Assets (EP, KMI, APO)
The $21 billion merger between El Paso Corp. (NYSE: EP) and Kinder Morgan Inc. (NYSE: KMI) likely depends on whether or not the proposed combination can shed some assets. Such a deal…
6:42am ET
Media
Media Digest (2/24/2012) Reuters, WSJ, FT, Bloomberg
Steve Wynn pushes major shareholder Kazuo Okada off the board of Wynn Macau. (Reuters) AIG (NYSE: AIG) makes a large profit on portfolio gains. (Reuters) Apple’s (NASDAQ: AAPL) legal fight with Proview International…
11:41am ET
Investing
Caesars, A Sham Of An IPO… Beware The Ides of March (CZR, APO, GS, WYNN, LVS)
Caesars Entertainment Corporation (NASDAQ: CZR) is beyond weird when it comes to initial public offerings. This was one of our TOP 17 IPOS TO WATCH IN 2012. We also make no secret…
1:58pm ET
Investing
BofA Drops Effort to Sell MBNA Europe (BAC, STD, COF, GS, APO)
Bank of America Corp. (NYSE: BAC) has apparently given up on its effort to sell its credit card business in the UK and Ireland, which is operated under the MBNA Europe name.…