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LiveVox To Become Second CCaaS Public Company With SPAC Deal
Thursday, January 14, 2021 - 4:41pm | 440Read More...CCaaS LiveVox is going public with SPAC Crescent Acquisition Corp (NASDAQ: CRSA) in a deal valuing the company at $840 million. The SPAC Deal: Golden Gate Capital will own 59% of the company after the merger. Current Crescent Acquisition Corp shareholders will own 30% of the company after the...
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BlackRock To Purchase Custom Index Provider Aperio For $1B To Boost Portfolio Management Services
Tuesday, November 24, 2020 - 12:00am | 327Read More...Investment management company BlackRock Inc (NYSE: BLK) has agreed to absorb operations of wealth management company Aperio Group along with the employees. Aperio is backed by private equity firm Golden Gate Capital. What Happened: The $1.05 billion acquisition deal will be settled...
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7 Companies That Could Be Acquired In 2017
Tuesday, December 20, 2016 - 11:00am | 1099Read More...M&A activity and the rumors surrounding it provide trading opportunities for investors. Both news and rumors generate positive sentiment, as deals reinforce corporate America's faith in profit growth. Traders can capitalize through different strategies in the wake of M&A news. Adopting...
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How 'Serial Issuers' Of Debt And Equity Win: Morgan Stanley, Darden And Triple-Net REITs
Friday, July 10, 2015 - 1:00pm | 971Read More...When companies such as Darden Restaurants, Inc. (NYSE: DRI) that own restaurant locations spin the real estate out as REITs, how does that add value for shareholders? On Thursday, Morgan Stanley analyst John Glass and his team published "Restaurants and REITs" to help investors understand the...
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Is Darden's REIT Announcement A Recipe For Success?
Tuesday, June 23, 2015 - 5:49pm | 805Read More...Next year in addition to soup, salad, seafood and breadsticks, there will be a new item on the shareholder menu at $8.7 billion cap Darden Restaurants, Inc. (NYSE: DRI). Darden intends to spin-out a large percentage of its owned restaurants into a new REIT to be owned by shareholders. Darden...
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Shares of Ann Jump 12% Amid Buyout Speculation
Wednesday, May 6, 2015 - 5:41pm | 126Read More...Shares of Ann Inc (NYSE: ANN) jumped over 12 percent in after-hours trading amid a report that Golden Gate Capital may acquire the company. According to Reuters, the deal would value the company at approximately $2 billion versus its market cap of $1.72 billion. A deal could be completed as...
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Bain Capital, Golden Gate Allegedly Competing To Acquire Ann Taylor Parent Company
Wednesday, March 4, 2015 - 1:24pm | 172Read More...Shares of Ann Inc (NYSE: ANN) were up 8 percent Wednesday after Reuters reported that two private equity firms are allegedly competing to acquire Ann. The firms involved are Bain Capital LLC and Golden Gate Capital Corp, a source familiar with the issue said. Others could become interested soon,...
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Ann Inc Spikes Amid News Of Discussions With Golden Gate Capital
Wednesday, October 15, 2014 - 8:03am | 175Read More...Ann Inc (NYSE: ANN) spiked upward in after-hours trading Tuesday on news that Golden Gate Capital filed an amended Schedule 13D with the SEC. The 13D filing added the existence of a non-disclosure agreement between Golden Gate Capital and Ann Inc. Shares of Ann Inc increased approximately 7...
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Market Wrap for Friday, May 16: Stocks Rally Out Of Thursday's Valley
Friday, May 16, 2014 - 5:01pm | 717Read More...A late day rally led markets higher to recover some value lost during Thursday’s sell off. Major Indexes The Dow Jones Industrial Average rose surged 44.5 points, or 0.27 percent to close at 16,491. The S&P 500 added 7.01 points, or 0.37 percent to close at 1,878. The Nasdaq rose 21....
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Darden Restaurants To Sell Red Lobster Business To Golden Gate Capital For $2.1 Billion
Friday, May 16, 2014 - 9:37am | 338Read More...Shares of both Darden Restaurants (NYSE: DRI) and American Realty Capital Properties (NASDAQ: ARCP) are seeing some activity in Friday's premarket amid news the former will sell its Red Lobster unit and the latter will purchase the unit's real estate assets. Darden Restaurants said it has agreed...
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Golden Gate Takes Activist Role in Ann; Shares Soar 15%
Friday, March 21, 2014 - 10:55am | 91Read More...Shares of Ann (NYSE: ANN) have surged 15 percent higher to $42.81, after Golden Gate Capital revealed a 9.5 percent stake in the company in a 13-D filing Thursday afternoon. In the filing, Golden Gate said the investment firm was in the “early stages of discussions” with Ann and “look forward to...
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Collective Brands Split is Good for the Sole
Tuesday, May 8, 2012 - 3:05pm | 529Read More...Collective Brands (NYSE: PSS) is pairing off, and Sperry's could be the first to venture out on its own. Bloomberg revealed today that Chief Executive Officer of Wolverine World Wide (NYSE: WWW), Blake Krueger, said the top sider distributor is looking to open up its own retail stores, many of...
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Oppenheimer Reiterates Perform on Pacific Sunwear
Thursday, December 8, 2011 - 8:37am | 116Read More...Oppenheimer maintains its Perform rating on Pacific Sunwear of California, Inc. (NASDAQ: PSUN) as the company is seen making strides in the right direction. Oppenheimer notes, “PSUN reported 3Q non-GAAP EPS of $(0.10) ex. 1x charges and assuming a 37% norm. tax rate vs. our/consensus of $(0.18...
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$1.8 Billion Takeover Bid Proposed to Lawson (LWSN)
Monday, March 14, 2011 - 12:19pm | 137Read More...Infor Global Solutions and Golden Gate Capital have proposed a $1.8 billion takeover deal for Lawson Software (NASDAQ: LWSN). For this price, the two bidders would be paying for shares at a 2.5% discount, equaling $11.25 a share. Shares o Lawson had closed at $11.55 on Friday. Lawson had hired...
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Market Roundup (ZLC, AAPL, C, GS, AMR, BX)
Wednesday, April 21, 2010 - 3:27pm | 333Read More...Sources have stated that Citigroup (NYSE: C) is set to take advantage of "pent-up demand" by selling securities backed by 255 new mortgages, marking the first such sale in two years. The ratio of the original value of the mortgages to property value is 60.4%. Blackstone (NYSE: BX) is said to be...
