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Tag Archives: buyout

Icahn signs confidentiality agreement with Dell

Billionaire investor Carl Icahn, who is fighting Dell Inc. founder Michael Dell’s plan to take the struggling company private, has entered a confidentiality agreement that would give him access to the computer maker’s financial records. Michael Dell, who is also ...

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FedEx officers, directors accept buyout plan

NEW YORK — FedEx Corp., the world’s second biggest package delivery company, said Wednesday that it will lose more than 10 percent of its U.S.-based executives under a voluntary buyout plan. The Memphis, Tenn., company says its personnel will leave ...

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Verizon offering buyouts to 1,700 wireline workers

NEW YORK — Phone company Verizon Communications Inc. is offering buyouts to 1,700 workers, mainly call-center employees and technicians, as it continues to shrink its wireline business. The offer applies to less than 1 percent of Verizon’s overall workforce of ...

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Tribune Co. to offer new bankruptcy plan

WILMINGTON, Del. — Tribune Co., whose plan to exit bankruptcy was rejected by a judge late Monday, will file a new proposal by Nov. 22, Chief Restructuring Officer Don Liebentritt said Tuesday in a note to employees. Tribune, owner of ...

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Blackboard to be taken private in $1.64B deal

WASHINGTON — Educational software maker Blackboard is being taken private for $1.64 billion in cash by an investor group led by affiliates of Providence Equity Partners. Under the deal’s terms announced Friday, shareholders of Blackboard will receive $45 for each ...

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Private equity firms to take over BJ’s Wholesale

NEW YORK — BJ’s Wholesale Club is being acquired by two private equity investors for roughly $2.8 billion in a widely expected deal. The nation’s third-largest wholesale club said Wednesday that Leonard Green & Partners and CVC Capital Partners will pay ...

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Hertz boosts buyout offer for Dollar Thrifty

NEW YORK — Hertz is raising the stakes in its pursuit of Dollar Thrifty Automotive Group Inc. in hopes of besting rival Avis’ efforts to acquire the Oklahoma-based car rental agency. The two vehicle rental heavyweights have been in a ...

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Attorneys argue merits of Tribune reorganization plans

WILMINGTON, Del.— Attorneys for Tribune Co. and a rival group of creditors argued the merits of their competing reorganization plans for the media conglomerate Monday before a Delaware bankruptcy judge who must decide whether either one passes muster. Judge Kevin ...

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Tribune creditors seek buyout info

WILMINGTON, Del. — Attorneys for creditors who oppose the Tribune Co.’s proposed reorganization plan are seeking more information related to the 2007 leveraged buyout that left the media conglomerate saddled with debt. A Delaware bankruptcy judge convened a hearing Monday ...

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