Tallgrass Energy shareholders on Thursday backed a buyout by a Blackstone-led group that valued the U.S. oil pipeline operator at $6.3 billion, a rare case of a pre-market crash deal going ahead without a price cut. Terms were struck ahead of this year’s collapse in...
Buyout firms are halting sale processes for European technology companies worth nearly $20 billion, as the market turmoil starts to crimp dealmaking in an industry that’s been a bright spot amid the coronavirus pandemic. Buyout firms are halting sale processes for...
Dan Loeb’s Third Point said its bets on Prudential Plc, Ray-Ban maker EssilorLuxottica SA and Sony Corp. were a drag in the first quarter and contributed to a 16% decline on investments along with a bad bet on the aerospace sector. The New York-based hedge fund has...
The biggest U.S. companies will slash their cash spending this year amid the uncertainty of the coronavirus pandemic, according to Goldman Sachs Group Inc. “We forecast S&P 500 cash spending will decline by an annual record 33% during 2020 as firms prioritize...
Private equity-backed firms will be able to access the U.K. government’s emergency loan scheme and borrow up to 50 million pounds ($62 million) in state-guaranteed debt. U.K. Chancellor of the Exchequer Rishi Sunak widened one of the government’s coronavirus business... 