Thursday, 25 December 2014
Last updated 23 hours ago
Aug 14 2013 | 9:29am ET
Paulson & Co. appears poised to buy legendary piano-maker Steinway Musical Instruments in a rare private-equity style move for the hedge fund.
Paulson earlier this week offered about $475 million for the Waltham, Mass.-based company, roughly 8.5% more than the $438 million bid made by p.e. firm Kohlberg & Co. last month. Kohlberg said yesterday that it would not match Paulson's bid.
The 45-day "go-shop" period initiated by the Kohlberg deal expires today, making it unlikely that a rival buyer will scoop Steinway from Paulson's hands.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.