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Leveraged Buyout

At the Heart of DC's Fight with Apple

"They offload Apple's tax burden onto other taxpayers – in particular, onto working families and small businesses. The lost tax revenue feeds a budget deficit that has reached troubling proportions, and has helped lead to round after round of budget slashing and the ill-advised sequestration now threatening our economic recovery."-- Sen. Carl Levin (D-Mich.)"Tell me one of these politicians up here that doesn't minimize their taxes. Tell me a chief financial officer that you would hire if he didn't try to minimize your taxes legally. Tell me what Apple has done that is illegal."I am offended by a government that uses the IRS to bully groups such as the Tea Party but I am also offended by a government that convenes a hearing to bully one of American's success stories."I am offended by the 'spectacle' of dragging in here executives from an American company that is not doing anything illegal. If anyone should be on trial here, it should be Congress."I frankly think the Committee should ap...

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    After backing off from a potential bidding war over Dell (NASDAQ:DELL), billionaire investor Carl Icahn reportedly plans to join forces with the PC maker's largest o...

  2. Energy Future 1st-Quarter Loss Widens On Hedging Impacts

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  9. Blackstone Group Ends Bid For Dell: Report

    Blackstone Group LP has ended its efforts to acquire Dell Inc. less than a month after saying it would try to top a rival leveraged buyout bid, according to a report...

  10. Barclays Booted Off Softbank's Sprint Financing Team

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  11. Icahn agrees to limit Dell stake, can team up on bid

    Billionaire investor Carl Icahn has agreed to limit his investment in Dell Inc and in return can team up with other shareholders on a potential bid for the personal ...

  12. Texas power company Energy Future proposes prepackaged bankruptcy

    Texas power company Energy Future Holdings, formerly known as TXU Corp, has proposed a prepackaged bankruptcy that would restructure $32 billion of debt, but no deal...

  1. Pen Pals: Dell Committee Writes Another Letter to Icahn

    For the second time in a week, the special committee running Dell's (NASDAQ:DELL) buyout process fired off a letter to billionaire Carl Icahn on Monday that requeste...

  2. Kirkland builds leading M&A practice on big hires, deals

    The $23 billion sale of ketchup maker H.J.Heinz Co to Berkshire Hathaway Inc and buyout firm 3G Capital, Avis Budget Group's takeover of Zipcar, and the $6.9 billion...

  3. ResCap creditors, Ally nearing deal on billions in claims

    Creditors of bankrupt Residential Capital LLC are nearing a deal to settle billions of dollars of claims against the mortgage lender's parent, Ally Financial Inc , a...

  4. Warburg Pincus raises $11.2 billion for new buyout fund

    Private equity firm Warburg Pincus raised $11.2 billion for its latest fund, one of the largest private equity funds since the global financial crisis.The New York-b...

  5. Carlyle, FountainVest to Hold Focus Media Stakes after Deal

    Carlyle Group LP and China-focused private-equity firm FountainVest Partners are set to be the two biggest shareholders in Focus Media Holding Ltd. after the adverti...

  6. Southeastern, Icahn in Talks about Dell Directors

    Southeastern Asset Management Inc. and investor Carl Icahn are talking about teaming up to nominate directors to the Dell Inc. board as part of an effort to derail t...

  7. PE Firms Reveal $6.9B Buyout of BMC Software

    In one of the largest leveraged buyouts of the year, a group of private-equity firms unveiled on Monday a $6.9 billion takeover of IT management solutions company BM...

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