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.
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.
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.