| ||||||||||||||||||||||
| ||||||||||||||||||||||
Entries tagged "Cerberus"GMAC board troubles BofA's CEO searchGMAC's ouster of CEO Alvaro de Molina does not bode well for his candidacy to succeed Bank of America's CEO Ken Lewis. Roll Call: Big profits for CIT's saviorsA look at some of the must-read news for Wednesday. Cerberus restructures fundsThe Wall Street Journal, Bloomberg News and The New York Times report that Cerberus was offering restive LPs the option of transferring their stakes to a holding company that would unwind its stakes over time. Nardelli familiar with hedge fund fireChrysler CEO Robert Nardelli is familiar with the heat that hedge funds can place on management, but he still failed to avoid trouble the second time around. Chrysler bankruptcy petition documentAfter every attempt to save Chrysler from a bankruptcy filing, the automaker succumbs and files in the U.S. bankruptcy court in southern district in New York. UBS analyst: Air Canada could face bankruptcyThe Canadian airline's agreement with credit card companies could send it crashing into bankruptcy again, notes a UBS analyst. Morris family sees possibilities for Mervyn's nameMervyn's Holdings LLC may be out of business, but the family of the department store's founder thinks a rebirth is possible. Distressed Investing 2009: Strategies for approaching distressed opportunitiesAt the TMA/The Deal's Distressed Investing Conference in Las Vegas Friday, a panel of investors including Kevin Genda of Cerbus Capital Management LP/Ableco Finance LLC, Michael Heisley of the Heico Cos. LLC, Marc Leder of Sun Capital Partners Inc. and David Shapiro of KPS Capital Partners discussed their unique strategies for pursuing distressed opportunities. David Resnick of Rothschild moderated the panel and provided his own unique perspective during the session. ... Distressed Investing 2009: Rothschild's Resnick on pursuing distressed dealsChapter 11 has forced many companies to consider selling. At the TMA/The Deal's Distressed Investing Conference in Las Vegas Friday, David Resnick of Rothschild moderated a panel and also provided insight on approaching distressed opportunities. ... GMAC becomes a bank holding company and gets $6 billionIt looks like GMAC LLC finagled its way into becoming a bank holding company after all, and got a bit more than a stocking stuffer for the holidays. The U.S. Treasury is buying $5 billion in senior preferred equity in GMAC and offered a new $1 billion loan to General Motors Corp. in an another attempt to stabilize the auto company. The $6 billion is an addition to the $17.4 billion emergency plan to bailout GM and Chrysler LLC. ... Chrysler to idle plants for a monthFacing a growing glut of cars on dealer lots, Chrysler LLC said late Wednesday it will idle its manufacturing plants from Dec. 19 until at least Jan. 19. ... Sign of the Apocalypse: Cerberus' Feinberg caught on filmA sign that the end is near, Cerberus Capital Management LP founder and CEO Stephen Feinberg was caught on film. Feinberg is notoriously private -- almost to the point of Howard Hughes levels -- and therefore is rarely seen in public or interviewed by the media. However, the dealmaker who has threatened to fire any staffer appearing in the media was caught off guard when he visited the Capitol during the congressional automaker hearings, and he not only appeared on film, but even was forced to answer a question from the Detroit News before associates whisked him away. As shocking... Top tagsYou have executed a tag search on Dealscape. On the left,you will find a comprehensive list of stories tagged "Cerberus." Below are the most-popular tags for Dealscape. On the right of the page you will find a search box to dig deeper into our content.
 Deal Video
    Community
 Elsewhere on The Deal.comDealwatch
The Deal MagazineCorporate Dealmaker
The Deal VideoCategories
Blog roll
Archives
| ||||||||||||||||||||||
| ||||||||||||||||||||||
