BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Boston Globe's future remains uncertain]]>http://www.bloggingstocks.com/2009/10/11/boston-globe-s-future-remains-uncertain/http://www.bloggingstocks.com/2009/10/11/boston-globe-s-future-remains-uncertain/http://www.bloggingstocks.com/2009/10/11/boston-globe-s-future-remains-uncertain/#commentsFiled under: , , , ,

The next step remains uncertain for what will go down in history as among the worst newspaper acquisitions.

On Friday, the deadline for submitting bids for the Boston Globe, which is owned by The New York Times Company (NYSE: NYT), passed. Two major contenders were expected to write figures on slips of paper and slide them across the proverbial desk: Platinum Equity, a Beverly Hills-based private equity firm and owner of the San Diego Union-Tribune, and Stephen E. Taylor, whose family sold the Globe in 1993.

Continue reading Boston Globe's future remains uncertain

Boston Globe's future remains uncertain originally appeared on BloggingStocks on Sun, 11 Oct 2009 15:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>beverly hillsbostonboston globegoldman sachs groupgsinthenewsnewspaper industrynewspapersny timesnytnytimesplatinum equitySun, 11 Oct 2009 15:10:00 EST<![CDATA[Platinum Equity joins auction for The Boston Globe]]>http://www.bloggingstocks.com/2009/08/10/platinum-equity-joins-auction-for-the-boston-globe/http://www.bloggingstocks.com/2009/08/10/platinum-equity-joins-auction-for-the-boston-globe/http://www.bloggingstocks.com/2009/08/10/platinum-equity-joins-auction-for-the-boston-globe/#commentsFiled under:

Platinum Equity, the private equity firm that recently bought The San Diego Union-Tribune, has joined the bidding to acquire The Boston Globe from The New York Times Co. (NYSE: NYT).

The New York Times reported that "Platinum, based in Beverly Hills, bid $35 million and would assume $59 million in pension liabilities, according to people briefed on the process, who asked not to be named because they were not authorized to discuss the matter."

Continue reading Platinum Equity joins auction for The Boston Globe

Platinum Equity joins auction for The Boston Globe originally appeared on BloggingStocks on Mon, 10 Aug 2009 11:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>inthenewsNew York Times Co.NYTPlatinum EquityThe Boston GlobeMon, 10 Aug 2009 11:40:00 EST<![CDATA[Carl Icahn gets a second chance to acquire Delphi]]>http://www.bloggingstocks.com/2009/06/14/carl-icahn-gets-a-second-chance-to-acquire-delphi/http://www.bloggingstocks.com/2009/06/14/carl-icahn-gets-a-second-chance-to-acquire-delphi/http://www.bloggingstocks.com/2009/06/14/carl-icahn-gets-a-second-chance-to-acquire-delphi/#commentsFiled under: , , ,

Activist investor Carl Icahn is reportedly interested in taking another run at Delphi Corp. after a federal judge ordered the bankrupt auto parts supplier to open the sale of its assets to potential bidders, in addition to the previous offer from private-equity firm Platinum Equity.

Icahn's auto-parts company, Federal-Mogul Corp. (NASDAQ: FDML), had held discussions with Delphi, but the Presidential Task Force on the Auto Industry, which was set up by the Obama administration to oversee the restructuring of the U.S. auto industry, preferred the Platinum Equity deal.

Continue reading Carl Icahn gets a second chance to acquire Delphi

Carl Icahn gets a second chance to acquire Delphi originally appeared on BloggingStocks on Sun, 14 Jun 2009 15:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Carl IcahnDelphiFDMLFederal-MogulGeneral MotorsGMGMQinthenewsPlatinum EquityPresidential Task Force on the Auto IndustryTropicanaSun, 14 Jun 2009 15:10:00 EST<![CDATA[Ryerson's lackluster deal]]>http://www.bloggingstocks.com/2007/07/24/ryerson-s-lackluster-deal/http://www.bloggingstocks.com/2007/07/24/ryerson-s-lackluster-deal/http://www.bloggingstocks.com/2007/07/24/ryerson-s-lackluster-deal/#commentsFiled under:

In February, Ryerson (NYSE: RYI) announced that it retained UBS Investment Bank (NYSE: UBS) to explore "strategic alternatives." Yes, Wall Street interpreted this as the prelude to a leveraged buyout.

As a result, the shares of Ryerson, which is a major distributor of metals, increased from $30 to $44.

Well, today we got the details of the deal. The price tag? $34.50. The buyer is private equity firm, Platinum Equity.

What's more, to market the deal, UBS contacted more than 50 prospective acquirers.

Interestingly enough, Ryerson has been the target of activist hedge fund, Harbinger Capital. The firm was able to elect a majority of board members to Ryerson and it was enough pressure to get a deal done.

So far today, the shares of Ryerson are down $0.99 to $33.97.

If you want to see some more M&A transactions, click here.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

Ryerson's lackluster deal originally appeared on BloggingStocks on Tue, 24 Jul 2007 14:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Harbinger CapitalHarbingerCapitalPlatinum EquityPlatinumEquityRyersonRYIUBSTue, 24 Jul 2007 14:20:00 EST