M & A wrap: Corzine: I don’t know where the money is
Former MF Global chief Jon Corzine apologized to customers, employees and investors who have suffered because of the brokerage firm’s collapse, but said he does not know where missing customer money is. “Their plight weighs on my mind every day — every hour,” Corzine said in lengthy remarks prepared for delivery before a House panel.
New York Times’ Deal Professor has 10 questions for Corzine.
Alibaba Group is seeking up to $4 billion in debt financing, sources told Reuters, in a deal expected to help the Chinese e-commerce giant buy back a 40 percent stake in the company owned by Yahoo.
Private equity firms are looking to hire in growth areas so that they deliver the returns investors seek.
Swisher Hygiene, already dubbed by the Deal Journal as the country’s most acquisitive public company of 2011, has struck yet another deal.