capital

Unum Group Reportedly Discussed Sale to Canada's Sun Life Financial

Published on Wed, 03/09/2011 - 11:42
By Stephanie Shyu in General Interest, SLF.TO, UNM, capital, financial, insurance, news, sale, sun life financial, unum, unum group, Mergers & Acquisitions
capital, financial, insurance, news, sale, sun life financial, unum, unum group

Unum Group (UNM), the largest U.S. disability insurer, reportedly weighed a recent sale to Canada's Sun Life Financial Inc. (SLF.TO) before talks broke down. With a market capitalization of about US$8 billion, Chattanooga, Tenness

By Stephanie Shyu
sshyu@fnno.com

Virgin Media announces repurchase of common stock

Published on Wed, 03/09/2011 - 11:38
By Stephanie Shyu in General Interest, capital, company, financial, market, news, price, return, shares, stock, virgin media, News Update
capital, company, financial, market, news, price, return, shares, stock, virgin media

Virgin Media announced the repurchase of 137,074 shares of common stock on March 8th as a part of the company's capital return program previously announced on July 28 2010. The highest price paid per share was $28.00 and the lowes

By Stephanie Shyu
sshyu@fnno.com

J. Crew Acquisition by TPG Capital and Leonard Green & Partners Completed

The two private equity firms had earlier made a $43.50-per-share buyout offer, which JCG shareholders in a special meeting held on March 1, 2011, approved. JCG common stock will be delisted from the New York Stock Exchange.

TPG Capital had taken a majority stake in the company in 1997 and remained majority shareholder until JCG went public in 2006.

Shares are up 0.18% to $43.59.

acquisition, apparel, bid, buyout, capital, clothing, common stock, deal, financial, investment, ipo, jcg, jcrew, leonard green, merger, nyse, private equity, purchase, retailer, sale, shareholders, shares, tpg capital, trade

J.Crew Group (JCG) announced today that its $3 billion deal to be purchased by two private investment firms, TPG Capital and Leonard Green & Partners, has been completed.

By Stephanie Shyu
sshyu@fnno.com

Fortress Investment Group Topped Q4 EPS Estimates, AUM Rose

Assets Under Management increased 42% year-over-year to $44.6 billion as of December 31, 2010, from $31.5 billion as of December 31, 2009. The large increase was due primarily from the acquisition of Logan Circle Partners in April

CEO Daniel Mudd said, "Our fourth quarter and full year results were very solid, and reflect broad momentum that has carried into 2011.

acquisition, analyst, assets, business, capital, ceo, consensus, daniel mudd, earnings, economy, eps, fig, financial, fortress, funds, investment, investors, logan circle, management, merger, nyse, shares, trade, traders, wall street

Fortress Investment Group (NYSE:FIG) reported Q4 EPS $0.24, ex-items, ahead of consensus estimates of $0.15 per share.

By Stephanie Shyu
sshyu@fnno.com

YRC Worldwide Halted, Says Reaches Pact on Restructuring That Will Dilute Existing Equity Holders

Published on Mon, 02/28/2011 - 15:33
By Stephanie Shyu in General Interest, yrcw, capital, company, debt, equity, halted, liquidity, market, restructure, shares, stakeholders, stock, trade, yrc worldwide, yrcw, News Update

The non-binding term sheet provides YRCW with new and additional capital, a substantial improvement in its liquidity position, conversion of some of its debt obligations into equity and the replacement or restructuring of certain

capital, company, debt, equity, halted, liquidity, market, restructure, shares, stakeholders, stock, trade, yrc worldwide, yrcw

YRC Worldwide (YRCW) shares are halted. The company says it reached an agreement in principle, in the form of a non-binding term sheet, with certain of its key stakeholders providing for a comprehensive restructuring plan for YRCW

By Stephanie Shyu
sshyu@fnno.com

NYT Reports Delia's Put Itself On Its Auction Block

Published on Fri, 02/25/2011 - 11:45
By FNNO Staff in General Interest, auction, capital, Delia's, market, recession, Mergers & Acquisitions
Delia's, capital, market, auction, recession

The New York Times reported that cataloger Delia's put itself on the auction block, citing unidentified people familiar with the matter. It isn't yet clear if the deal will come together. The company is also considering other opti

By FNNO Staff
fnnonline@gmail.com

Duncan Energy Downgraded to Sector Perform from Outperform at RBC Capital

Shares closed at $40.40.

acquisition, analyst, bid, buyout, capital, dep, duncan, energy, enterprise products, epd, financial, m&a, offer, rating, rbc, sector, shares, stock, trade, wall street

Duncan Energy Partners (DEP) is reportedly downgraded to Sector Perform from Outperform at RBC Capital, after the company received a $42 per share buyout offer from Enterprise Products (EPD).

By Stephanie Shyu
sshyu@fnno.com

Energy Sector Update: February 14th, 2011

assets, business, buy, capital, cash, comtex, energy, hawk, hercules offshore, hero, market, news, seahawk drilling, shares, stock, trade, update

"Energy shares are higher in mid-day trading but crude oil futures are slipping as concerns over political issues in Egypt ease. In sector news Seahawk Drilling (HAWK) is sharply lower after it said it has filed for bankruptcy pro

By Stephanie Shyu
sshyu@fnno.com

Sector Update: Financials- February 14th, 2011

Published on Mon, 02/14/2011 - 10:20
By Stephanie Shyu in General Interest, cs, bonds, business, capital, comtex, credit suisse group, cs, market, news, shares, stock, trade, update, value, Consumer Sector Report

Credit Suisse Group (CS) is an exception, trading up 3% before the market open. The company has agreed to issue 6 bln Swiss francs ($6.2 bln) of contingent convertible bonds, which will satisfy 50% of the contingent capital requir

The CoCo bonds are being sold to Qatar Holding LLC and The Olayan Group.

bonds, business, capital, comtex, credit suisse group, cs, market, news, shares, stock, trade, update, value

"Financial heavyweights are mostly lower in pre-market trade.

By Stephanie Shyu
sshyu@fnno.com

Glu Mobile Topped Q4 Estimates, Top Line Down 18% (GLUU)

Niccolo de Masi, Chief Executive Officer of Glu: "We are pleased with our solid fourth quarter results, reflecting the progress we are making with our freemium, social mobile games strategy.

advertising, capital, ceo, earnings, games, games network, glu mobile, gluu, growth, industry, loss, nasdaq, niccolo de masi, quarter, revenues, shares, smartphone, social, users

Glu Mobile (NASDAQ:GLUU) reported a Q4 loss of $0.02 per share, more narrow than consensus estimates for a loss of $0.08 per share. Revenues fell 18% year-over-year to $15.6 million, topping consensus estimates of $14.03 million.

By Peter Chu
pchu@fnno.com

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