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The Blackstone Group is considering an offer for carmaker Chrysler Group, according to The Detroit News. Other possible bidders could include General Motors, Cerberus Capital, Carlyle Group, Apollo Management and Ripplewood Holdings. www.blackstone.com
Universal American Financial Corp. (NYSE: UHCO) said that its board of directors has rejected an $18.15 per share buyout offer from a group that includes CEO Richard Barasch, Capital Z Partners, Lee Equity Partners, Perry Capital and Welsh, Carson, Anderson & Stowe. The deal would have valued UAF at around $1.06 billion. The board said […]
The Compass Group has acquired Aeroglide Corp., a Cary, N.C.
GS Capital Partners may participate in The Carlyle Group's proposed $5.46 billion buyout of Taiwan's Advanced Semiconductor Engineering, according to The Commercial Times of Taipei.
Alltel Corp. (NYSE: AT) has been shopping itself to fellow carriers like AT&T, Verizon and Spring Nextel, according to The Wall Street Journal. The report adds that Verizon has discussed an Alltel acquisition with several private equity firms. Alltel's current market capitalization is approximately $22 billion. www.alltel.com
Palm Inc. (Nasdaq: PALM) has retained Morgan Stanley to explore strategic options, according to The Wall Street Journal. This could include anything from a sale, a stock buyback or a PIPE deal. www.palm.com
Merlin Entertainments Group, the Legoland theme-park operator controlled by The Blackstone Group, has agreed to acquire wax museum operator Tussauds Group from Dubai International Capital. The deal is valued at approximately $1.9 billion, with DIC retaining a 20% stake. www.blackstone.com
JLL Partners has agreed to acquire US$150 million worth of convertible preferred shares in Patheon Inc. (TSX: PTI), an Ontario
Friedman Fleischer & Lowe of San Francisco has acquired VIP Sales Company Inc., a Tulsa, Okla-based processor and distributor of frozen food products. No financial terms were disclosed. RSM EquiCo Capital Markets advised VIP on the sale. www.vipfoods.com
H.I.G. Capital has acquired approximately 7.9 million shares, or around 49.7%, of staffing services company Westaff Inc. (Nasdaq: WSTF) from shareholders including company founder W. Robert Stover. The deal was valued at around $45 million. H.I.G. partnered in the transaction with Michael Willis, a serial staffing industry entrepreneur who has founded both Talent Tree Inc. […]
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