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Leveraged Buyout

Report: Energy Future Plan May Wipe KKR, TPG, GS

A plan being discussed to reorganize Energy Future Holdings Corp will all but wipe out owners KKR & Co, TPG Capital and Goldman Sachs Capital Partners, Bloomberg reported, citing three people with direct knowledge of the negotiations.The private-equity firms may accept as little as 1 percent of the equity in debt-laden Energy Future Holdings after it completes a Chapter 11 restructuring, the report said. (http://r.reuters.com/dum28v)Energy Future was formed after KKR, TPG and the unit of Goldman Sachs Group Inc led a record leveraged buyout of former TXU Corp in 2007.Energy Future was expected to report that its auditor had determined it could not survive as a going concern, a finding that would have triggered a default on its loans and a likely bankruptcy filing.However, the company said on Monday it has extended a deadline to file its annual report, giving it more time to negotiate with creditors as it seeks an agreement to reduce its crushing debt of more than $40 billion.Sources cl...

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  2. Ruby Tuesday Races 7% Higher on LBO Buzz

    Shares of Ruby Tuesday (NYSE:RT) shot up 7% on Monday on reports the restaurant chain hired an investment bank to explore a possible sale amid slumping revenue.Accor...

  3. Activist Urges A&F to Part Ways With Longtime CEO

    Activist investor Engaged Capital fired off a letter to Abercrombie & Fitch's (NYSE:ANF) board of directors on Tuesday urging the teen apparel maker to find a new CE...

  4. Hilton Eyes Record Hotel IPO With $2.4B Offering

    Hilton Worldwide increased the size of its initial public offering on Monday, saying it plans to raise up to $2.4 billion in what would be the largest offering by a ...

  5. Crocs Cruises 15% Higher on Buyout Buzz

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  6. BlackBerry's $4.7B Sale Implodes, Shares Dive

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  7. EFH restructuring talks expand, forge on ahead of looming payment

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  8. US Airways shares down

    FBN's Jo Ling Kent breaks down afternoon market news.

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    Safeway (NYSE:SWY) is reportedly garnering interest from a handful of buyout firms, setting the stage for what could become one of the largest leveraged buyouts sinc...

  10. Insight: Getty captures risks of Fed's easy money policy

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  11. KKR writes new check to help First Data refinance debt

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  12. Invest in high-yield bonds?

    TF Market Advisors managing partner Jeremy Hill weighs in on the markets.

  1. Alternative Asset Manager Ares Files For IPO

    Credit investment and private equity firm Ares Management LP filed to go public on Monday in what would be the first initial public offering by a major alternative a...

  2. Energy Future Trying to Reach Debt Deal

    Texas power generator Energy Future Holdings Corp is in last-minute talks with creditors to reach a debt-restructuring deal and may consider delaying the filing of i...

  3. Carlyle hires JPMorgan's Cavanagh as co-president

    Private equity firm Carlyle Group LP on Tuesday named as co-president and co-chief operating officer JPMorgan Chase & Co's Michael Cavanagh, who had been considered ...

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  5. Warren Buffett admits to rare investing blunder

    Warren Buffett on Saturday said he made a "big mistake" investing in a utility that was the subject of one of the biggest leveraged buyouts ever, but now may be on t...

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    First of a two-part seriesYour business depends largely on ticket sales, but a marquee attraction you sell tickets to has killed and injured people.A documentary fil...

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