Tuesday, 16 September 2014
Last updated 7 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.
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…
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