The Deal
Saturday, November 21, 
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Entries tagged "Chicago Cubs"

Cubs not only MLB team to face bankruptcy

The Chicago Cubs join two other MLB teams -- the Baltimore Orioles and the Seattle Pilots -- who were been purchased out of bankruptcy.


Florida Panthers deal on thin ice

An apparent deal between Sports Properties Acquisition and the National Hockey League's Florida Panthers is not going anywhere, according to the Miami Herald.


Ricketts deal for Cubs advances another base

The Ricketts family reached an agreement to acquire the Chicago Cubs but still needs approval from Major League Baseball owners and the federal bankruptcy court.


Will the Cubs get tagged out by bankruptcy?

The long and winding auction for the Chicago Cubs could be headed into the dugout.


Cubs auction still in the park?

More rumors than ever are circulating around the auction for the storied Major League Baseball team the Chicago Cubs.


Report: Cubs back in talks with Utay, Hindery

A Reuters report that the Cubs are no longer exclusively negotiating with Tom Ricketts and are now talking with investors Marc Utay and Leo Hindery, once again, seems highly unlikely.


Chicago Cubs deal goes into extra innings

CNBC says the sale of the Chicago Cubs to the Ricketts family is still being negotiated, although a banker tells The Deal the process is moving along 'as planned.'


TD Ameritrade stock sale will partly pay for Cubs

The Ricketts family sold 34 million shares of TDAmeritrade that will be used to pay for the $900 million purchase of the Chicago Cubs.


Cubs auction isn't the only game in town

Chicago fans are hoping that the Ricketts family's race toward home plate in the auction for the Chicago Cubs baseball team will help it break the curse that kept the team from a title for so long, but dealmakers involved in the sale of other Major League franchises are using it as a yardstick.  ...


Ricketts emerges as the front-runner for the Cubs

It appears that the the Chicago Cubs are headed into the hands of one the hometown favorites, as Chicago financier Tom Ricketts is expected to be named the winner of the auction for the storied baseball team. Multiple press reports say that the current owner Tribune Co. chose Ricketts, the president of bond dealer Incapital LLC, as the winner with a bid rumored to be around $900 million. ...


Tribune still hasn't revealed winner of Cubs auction

As of late Thursday afternoon, Tribune Co. has not informed any of the bidders for the Chicago Cubs who the winner is, according to one source close to the process. There has been previous speculation that Tom Ricketts is the favorite to win. The bids could be anywhere between $850 million and $950 million. The other two bidders are Hersch Klaff and Marc Utay....


Tribune selects favorite Cubs bidder

The Tribune Co. has selected its prefered bidder for the Chicago Cubs from amongst three finalists, according to today's Chicago Tribune.Tribune Co. and its investment banker, J.P. Morgan Chase & Co., have removed the names from the bids. The unsecured creditors committee will review the offers at a meeting Thursday. ...



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Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


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Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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