Not even investors fleeing mutual funds that buy junk-rated U.S. corporate loans is enough to keep Cerberus Capital Management LP from tapping the market to finance its $9.2 billion bid for Safeway Inc.
Seibu Holdings Inc. President Takashi Goto is seeking to relist Japan’s biggest hotel chain after a nearly 10-year hiatus. Now he needs to court investors made wary by two other recent IPOs that flopped.
Cerberus Capital Management LP, the private-equity firm that focuses on distressed assets, signed a nondisclosure agreement with BlackBerry Ltd., gaining access to financial information it could use to formulate a bid for the smartphone maker, said a person with knowledge of the situation.
Cerberus Capital Management LP’s pursuit of grocery chain Supervalu Inc. has stalled because the private-equity firm has had trouble obtaining the funds for a leveraged buyout, said people familiar with the matter.
Remington Arms Co., the gunmaker acquired by Cerberus Capital Management LP in 2007, said its chief executive officer resigned, almost a year after parent company Freedom Group Inc. filed for an initial public offering.