Entries tagged "URI"
What duties, if any, does a potential acquiror of a company owe to the target's shareholders? Amida Capital Management II LLC posed that question Wednesday by filing suit against Cerberus Capital Management LP in the U.S. Southern District of New York. ...
An arbitrage firm is suing Cerberus Capital Management LP for fraud over the buyout shop's failed purchase of United Rentals Inc., saying the firm's statements cost it millions of dollars, according to press reports. ...
Kicking off the week of May 12, the $1.3 billion take-private of Cumulus Media Inc. bit the dust after its would-be buyers (chairman, president and CEO Lew Dickey and Merrill Lynch & Co.'s private equity arm) and the Atlanta-based radio broadcaster could not renegotiate terms. Cumulus may be the latest, but SLM Corp. kicked off a wave of terminations blamed on everything from the credit markets to material adverse changes in a company's business to an inability to renegotiate on favorable terms. So many stalled deals, in fact, have left PE firms excluded from some auctions, sending targets into the...
