Monday, 1 September 2014
Last updated 3 days ago
Oct 28 2013 | 11:58am ET
Harbinger Capital Management's Philip Falcone is fighting tooth and nail to hold on to his satellite company. MHR Fund Management's Mark Rachesky is ready to unload his.
MHR is set to put Loral Space & Communications up for sale, contacting potential buyers. MHR owns 38% of Loral, which itself owns 62.8% of Canadian satellite company Telestat, and Rachesky serves as the company's chairman.
No investment bank has been hired yet, the New York Post reports. The tabloid adds that Rachesky is expected to seek a big premium for Loral, a demand that could sink the sale.
It wouldn't be the first time: Rachesky cancelled a 2011 auction for Loral—one which drew bids from the Carlyle Group, Kohlberg Kravis Roberts and Providence Equity Partners—when it produced a top offer of $6 billion.
This time around, Rachesky is expected to seek more than $100 per share for Loral, a $30 premium for a stock that is already up 26% this year.
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…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...