DLJ Merchant Banking Partners News
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Blackstone Group LP, the world’s largest private equity firm, was the industry’s biggest dealmaker in 2011 with $26.8 billion in transactions, according to Bloomberg Rankings.
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RathGibson Inc. , the steel-tube maker controlled by DLJ Merchant Banking Partners , won court approval of its reorganization plan, selling virtually all of the company’s assets for about $93 million.
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Professionals working for old General Motors Corp . will be waiting for some of their fees as the result of a May 21 ruling by the bankruptcy judge in New York.
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Nestle SA said its health-science unit agreed to buy Prometheus Laboratories Inc., a maker of treatments for cancer and gastrointestinal illnesses, as the world’s largest food company invests in personalized nutrition.
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Charles Schwab Corp. sued units of Bank of America Corp. ’s Merrill Lynch & Co., UBS AG and Bear Stearns Cos. over claims they lied or omitted information about mortgage-backed securities Schwab bought from them.
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Clorox Co. , the maker of household- cleaning products, agreed to sell its STP and Armor All auto- care brands to private-equity firm Avista Capital Partners for about $780 million in cash.
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Newspaper publisher Tribune Co. filed a Chapter 11 plan yesterday to implement the settlement with some creditors that was announced on April 8. The plan and settlement won’t be approved if the holders of $3.6 billion in pre-bankruptcy secured debt made valid arguments in their bankruptcy court filing yesterday.
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Philadelphia Newspapers LLC , the publisher of the Philadelphia Inquirer and Philadelphia Daily News, will be the subject of a June 24 confirmation hearing for approval of the reorganization plan where pre-bankruptcy secured lenders will take ownership.
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Metro-Goldwyn-Mayer Inc. , distributor of the James Bond and Rocky movies, filed for bankruptcy in Manhattan federal court after rejecting a takeover bid by Lions Gate Entertainment Corp. and billionaire Carl Icahn .
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Hewlett-Packard Co. , accusing Oracle Corp. of harassing its new chief executive officer, refused to accept service of a subpoena requiring Leo Apotheker to testify at a trial over SAP AG’s downloading of Oracle software.
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