- Research In Motion (RIMM) to buy from sell and Gap (GPS) to hold from sell at Citigroup.
- Archer Daniels (ADM) and Airgas (ARG) to buy from hold at Jefferies.
- NCR Corp. (NCR) to conviction buy from neutral at Goldman.
- Valero Energy (VLO) to top pick from sector perform and Western Refining (WNR) to outperform from underperform at RBC Capital.
- Fred's (FRED) to overweight from neutral at JP Morgan.
- Marsh & McLennan (MMC), Willis Group (WSH) and Brown & Brown (BRO) to equal weight from underweight at Barclays.
- Host Hotels (HST) to outperform from neutral at RW Baird.
- La-Z-Boy (LZB) to strong buy from market perform at Raymond James.
CCMP posts
FeedAnalyst Calls: ADM, BBY, ETN, FDO, HNZ, GPS, MAR, NCR, RIMM, VLO ...
Continue reading Analyst Calls: ADM, BBY, ETN, FDO, HNZ, GPS, MAR, NCR, RIMM, VLO ...
Eddie Bauer makes it official, files for bankruptcy
Eddie Bauer Holdings Inc. has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court of the District of Delaware.
Reports have private equity firm CCMP Capital Advisors as the likely buyer of the company. A flailing brand image and lousy consumer spending combined with the company's $426.7 million debt load helped to drag the company into insolvency. In the first quarter of 2009, the company lost $44.5 million.
Reports have private equity firm CCMP Capital Advisors as the likely buyer of the company. A flailing brand image and lousy consumer spending combined with the company's $426.7 million debt load helped to drag the company into insolvency. In the first quarter of 2009, the company lost $44.5 million.
Continue reading Eddie Bauer makes it official, files for bankruptcy
Private equity gunning for Asia
The Asian markets have been underrepresented in terms of private equity activity. But that's going to change fast.This week, for example, Bain Capital raised a $1 billion Asian fund (this is the first one for the firm). This is according to a report from the Associated Press.
The main focus will be in China and Japan. No doubt, there are lots of companies to choose from. Although, dealing with the regulations will not be easy.
And, according to a report in Reuters, CCMP is in the process of raising a $3 billion Asian fund. The firm does have lots of experience in the region though. Its Asia Opportunity Fund II has a size of $1.6 billion.
Oh, and it looks like KKR is raising an Asia Fund and is targeting a cool $4 billion or so.
Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.
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