Paritosh's Feed
Sep 30, 2011

Payment processor Visa Argentina for sale -sources

Sept 30 (Reuters) – Visa Argentina, a payment processor
owned by a group of banks including Banco Santander Rio SA
(RIO.BA: Quote, Profile, Research, Stock Buzz), is for sale and could fetch more than $500 million,
sources familiar with the situation said.

Morgan Stanley (MS.N: Quote, Profile, Research, Stock Buzz) is advising on the auction, which is
still in the early stages, the sources said.

Sep 28, 2011

Carlyle, Blackstone chiefs downbeat on US economy

NEW YORK, Sept 28 (Reuters) – The heads of two of the
world’s most powerful private equity firms issued a dire report
on the U.S. economy on Wednesday, signaling problems for
political leaders and their own firms’ ability to realize
profit on their portfolios.

“We never really emerged from the last recession,” Carlyle
Group [CYL.UL] co-founder David Rubenstein said at a breakfast
session at Lincoln Center that also featured Blackstone Group
(BX.N: Quote, Profile, Research, Stock Buzz) Chief Executive Stephen Schwarzman.

Sep 26, 2011

Transatlantic in talks with new bidder

By Paritosh Bansal and Ben Berkowitz

(Reuters) – Transatlantic Holdings Inc (TRH.N: Quote, Profile, Research, Stock Buzz) said on Monday it entered into deal talks with an undisclosed bidder, adding a fresh twist in a months-long takeover saga and sending the reinsurer’s shares up sharply.

For nearly four months, Transatlantic has been the subject of a bidding war, as the former arm of American International Group Inc (AIG.N: Quote, Profile, Research, Stock Buzz) balanced an agreed deal and at least two unsolicited offers.

Sep 23, 2011

Credit reporting firm TransUnion for sale -sources

Sept 23 (Reuters) – TransUnion’s owners are pursuing a
possible sale that could fetch roughly $2 billion for the
credit information firm, sources familiar with the matter
said.

TransUnion, which is owned by private equity firm Madison
Dearborn Partners and Chicago’s Pritzker family, said in July
it planned to raise up to $325 million in an initial public
offering.

Sep 23, 2011

Credit reporting firm TransUnion for sale: sources

By Paritosh Bansal

(Reuters) – TransUnion’s owners are pursuing a possible sale that could fetch roughly $2 billion for the credit information firm, sources familiar with the matter said.

TransUnion, which is owned by private equity firm Madison Dearborn Partners and Chicago’s Pritzker family, said in July it planned to raise up to $325 million in an initial public offering.

Sep 22, 2011

JPMorgan takes top spot in U.S. league tables

NEW YORK, Sept 22 (Reuters) – Chris Ventresca, JPMorgan
Chase’s (JPM.N: Quote, Profile, Research, Stock Buzz) co-head of North American M&A, still remembers
the banker he worked for on his first deal as a young associate
back in 1994.

It’s easy. The banker, Henry Harnischfeger, is still at
JPMorgan and doing deals.

Sep 22, 2011

Dealtalk: UTC CEO wins over Goodrich after long courtship

NEW YORK (Reuters) – Three years ago after an aborted hostile bid for teller machine maker Diebold Inc (DBD.N: Quote, Profile, Research, Stock Buzz), United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz) Chief Executive Louis Chenevert pledged he would put forward a friendly face the next time.

In striking a $16.5 billion deal to acquire aircraft systems maker Goodrich Corp (GR.N: Quote, Profile, Research, Stock Buzz) on Wednesday, Chenevert made sure he got Goodrich’s Marshall Larsen on his side.

Sep 22, 2011

UTC CEO wins over Goodrich after long courtship

NEW YORK, Sept 22 (Reuters) – Three years ago after an
aborted hostile bid for teller machine maker Diebold Inc
(DBD.N: Quote, Profile, Research, Stock Buzz), United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz) Chief Executive Louis
Chenevert pledged he would put forward a friendly face the next
time.

In striking a $16.5 billion deal to acquire aircraft
systems maker Goodrich Corp (GR.N: Quote, Profile, Research, Stock Buzz) on Wednesday, Chenevert made
sure he got Goodrich’s Marshall Larsen on his side.
[ID:nS1E78L0BK] [ID:nS1E78K26R]

Sep 22, 2011

United Tech to buy Goodrich for $16.5 bln

Sept 21 (Reuters) – United Technologies Corp has
reached a $16.5 billion cash deal to acquire aircraft components
maker Goodrich Corp , in what would be the diversified
U.S. manufacturer’s biggest deal in a decade.

United Tech said on Wednesday it would pay $127.50 a share
for Goodrich, a 47 percent premium over the stock’s closing
price last Thursday. It also includes $1.9 billion in assumed
debt.

Aug 31, 2011

Bankers may lose big if AT&T deal collapses

LONDON/NEW YORK, Aug 31 (Reuters) – U.S. antitrust
regulators may have dealt a body blow to an already fragile
mergers and acquisitions market with their decision to block
AT&T Inc’s (T.N: Quote, Profile, Research, Stock Buzz) $39 billion deal to buy T-Mobile USA.

For AT&T and T-Mobile’s advisers, the immediate cost if the
deal collapses would be about $150 million in fees.