Unstructured Finance

For the gadget that has everything

August 31, 2007

bag.jpgWhen it’s time to accessorize, don’t forget your gadgets! For the gadget that has everything now come pouches, bags and sleeves to clothe your iPod, XBox or laptop. At the Magic Marketplace apparel trade show in Las Vegas this week, Tandy Brands Accessories, a major accessories supplier for retailers like Target, Wal-Mart Stores, Kohl’s and J.C. Penney, launched its NextGen line.  

Come labor on: arbs bet LBOs get done

August 31, 2007

wpe47480.jpgArbitrage spreads, which measure the difference between the current and offered price of an acquisition target, have tightened on some closely watched leveraged buyouts — meaning investors are betting Wall St. will get to work closing the deals. 

Slowest August since ’04

August 31, 2007

3157582-main_beach-east_hampton.jpgHistorically, August is a dull month for dealmakers as Wall Street heads to the Hamptons and European CEOs go on holiday. But this August marked the slowest pace for mergers since 2004, according to research firm Dealogic.

TXU checks off buyout hurdles

August 31, 2007

txu.jpgIt’s been a good week for TXU. The Texas power company was saved from having to jump one hurdle between it and the closing of its $32 billion buyout and easily made it past another.

DealZone M&A Briefing: Lone Star, Gottschalks

August 31, 2007

accredited1.jpgLone Star Funds, which has been seeking to abandon its purchase of Accredited Home Lenders Holding Co, is set to buy the struggling subprime mortgage lender for a reduced price of $8.50 a share. Accredited shares closed on the Nasdaq at $6.31 on Thursday.
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Vivendi dismissed recent speculation it was interested in buying German Pay TV broadcaster Premiere.
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DealZone M&A Briefing: Lone Star, Gottschalks

August 31, 2007

accredited1.jpgLone Star Funds, which has been seeking to abandon its purchase of Accredited Home Lenders Holding Co, is set to buy the struggling subprime mortgage lender for a reduced price of $8.50 a share. Accredited shares closed on the Nasdaq at $6.31 on Thursday.
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Vivendi dismissed recent speculation it was interested in buying German Pay TV broadcaster Premiere.
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Blackberry buy — an addictive rumor

August 30, 2007

bberry.jpgMicrosoft late on Wednesday announced a deal to buy Parlano, a company that makes an online chat room application, for an undisclosed amount. 

California style, via South Korea

August 30, 2007

surfer.jpgAbercrombie & Fitch, Hollister, American Eagle … seems like there are a lot of retailers out there that cater to teens and young adults. Right?

Milk prices trump product recalls in parent’s worries

August 30, 2007

Which is more worrisome to U.S. parents at the moment — a slew of Chinese-made products being recalled or the rising price of a gallon of milk? It’s the milk, according to Britt Beemer, chairman of America’s Research Group, which tracks consumer behavior and surveys shoppers on a weekly basis.
 
While he said that about 6 percent of parents surveyed in recent weeks have said they are concerned about the recalls and another 30 percent say they’re “slightly concerned”, 65 percent of parents say their supermarket prices have gone up dramatically. 
 milk.jpg
“They’re talking about the fact that they’re paying $2 more for a gallon of milk today than they did a year ago,” he said. “They just can’t believe the inflation they’ve seen at the supermaket.”
 
He said that while the product recalls are troubling (Read the latest recall), very often parents are not even aware if a toy they have in their home is affected by a recall. And with so many recalls being announced, he said, it is hard for parents to keep track of them all.
 
But Beemer said that when it comes to higher grocery prices, shopppers have no doubt that they are being affected.
 
“They tell us they feel like they’re spending at least $20 more a week for groceries this year than they were a year ago,” he said.
 
And then could be bad news headed into the holiday season.
 
“I don’t want to be that lone wolf crying in the wilderness, but I do think we could see a Christmas season this year where retail sales are flat,” he said.

Clean energy spending moves beyond green hype

August 30, 2007

windmill1.jpgThere may be a lot of hype out there, but overall, venture capital and private equity firms are indeed putting more money into the green energy sector.