Friday, 19 September 2014
Last updated 10 hours ago
Mar 1 2011 | 12:28pm ET
Clothing retailer J. Crew Group will be acquired by a pair of private equity firms after the company’s shareholders approved the buyout.
The soon-to-be-formerly-public company’s owners accepted the $2.86 billion deal. More than three-quarters of shares voted did so in favor of TPG Capital and Leonard Green & Partners’ offer, despite the opposition of proxy advisory Institutional Shareholders Services.
J. Crew management have put on a full-court press in recent weeks to push the deal through. The company met with some of its largest shareholders, including hedge fund Paulson & Co., urging them to support the deal, despite allegations that J. Crew CEO Millard Drexler had acted improperly in his dealings with TPG.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.