Michael Freitag News
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Private equity bidders for Billabong International Ltd. are seeking to buy Australia’s largest surf- wear company for as little as 50 Australian cents a share, two people with knowledge of the matter said.
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Patriot Coal Corp.’s creditors want to investigate Peabody Energy Corp.’s 2007 spinoff of the coal producer, saying the transaction rid Peabody of $600 million in health-care and environmental liabilities.
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Two Patriot Coal Corp. bondholders, claiming the majority of its 99 units in bankruptcy don’t have obligations to unions and retirees, are seeking the appointment of a trustee to oversee how assets are distributed.
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Not even two competing bids for Billabong International Ltd. are enough to convince traders the Australian surfwear maker will be able to seal a deal.
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Billionaire Carl Icahn ’s offer for Blockbuster Inc. has attracted a second group of liquidators, Great American Group Inc. and Tiger Capital Group LLC, to join his auction bid for the bankrupt movie-rental company , two people familiar with the matter said.
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Talbots Inc., which posted the worst returns of any U.S. retailer in the past decade, is now offering some of the biggest potential gains for traders willing to bet a deal with Sycamore Partners LP will finally close.
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Dish Network Corp. won an auction for bankrupt Blockbuster Inc. ’s movie-rental business with a $320 million bid that beat offers from Carl Icahn and other investors.
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Georgia Gulf Corp., North America’s largest maker of vinyl construction products, is poised to secure the biggest takeover price increase in the U.S. as signs grow that the housing slump has bottomed.
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Bank of America Corp.’s proposed $8.5 billion settlement over mortgage-securitization trusts is being probed by New York Attorney General Eric Schneiderman, who is seeking client information from more than 20 companies, Bloomberg News’ Karen Freifeld reports.
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Immucor Inc., the leading maker of tests to screen blood before transfusions, agreed to sell itself to private-equity firm TPG Capital for $1.97 billion.
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