Leveraged Buyouts

A lawsuit filed this week as part of Mervyn's Chapter 11 bankruptcy reorganization alleges that the retailer's "valuable" real estate assets—store-owned locations and below-market leases—were stripped of their value and used partly to...

Action Products International Inc. Friday's close: $1.65, down 26.01 percent for week Orlando-based Action Products said last week that it completed its purchase of B.E. Overseas Investment Group. As part of the deal, Neil Swartz, founder and chief...

King Pharmaceuticals Inc. said Friday that rival Alpharma Inc. has rejected a $1.4 billion buyout offer, but the drugmaker indicated it is prepared to take the bid directly to shareholders in a move to expand its product offerings. King Pharmaceuticals...

Wall Street investors eyed SunTrust Banks Inc. and other regional banks today after their stock prices rose last week amid a churn of speculation in the market. Atlanta-based SunTrust -- the nation's 7th-largest bank and the largest in Central Florida --...

Wall Street capped a volatile week with sharp gains Friday as oil prices tumbled and after Federal Reserve Chairman Ben Bernanke said inflation pressures are likely to moderate. The Dow Jones industrial average rose nearly 200 points. Speculation that...

Allstate agreed to a settlement with the state Friday requiring the insurer to pay a $5 million fine, reduce homeowner premiums in Florida by 5.6 percent within 30 days and sell 100,000 new homeowner policies within three years. In exchange, the Florida...

Chicago insurance broker Aon Corp., moving to expand the reinsurance side of its operations, agreed Friday to pay $1.58 billion to acquire British reinsurance broker Benfield Group Ltd. Over the past several years, Aon President and Chief Executive...

Chicago-based insurance broker Aon Corp., moving to expand the reinsurance side of its operations, agreed Friday to pay $1.58 billion to acquire British reinsurance broker Benfield Group Ltd. It's at least the second reinsurance deal that Aon has done...

Iomai Corp., a Gaithersburg biotech, announced yesterday that its shareholders approved plans to be acquired by Australia's Intercell AG for $189 million. The transaction, which is subject to unspecified closing conditions, is expected to be completed...

WASTE MANAGEMENT HIKES BUYOUT OFFER | Waste Management, the nation's largest trash hauler, is boosting its buyout offer for rival Republic Services by 9 percent to $37 per share. Houston-based Waste Management says it is willing to pay about $6.99...

Clear Channel Communications Inc., the largest U.S. radio broadcaster, said Bain Capital Partners LLC and Thomas H. Lee Partners LP completed their $17.9 billion buyout of the company. The buyers valued the transaction at $24 billion, including debt. The...

Waste Management Inc. has raised its unsolicited buyout offer for Republic Services Inc. by 9 percent, to $6.73 billion, escalating a takeover battle among the nation's largest trash haulers. Monday's sweetened offer of $37 a share comes less than a...