Barclays

1. 'Fly' Swatted With Injunction In Brokerage News Spat

Thursday, Mar 18, 2010

A federal judge has barred Theflyonthewall.com from issuing immediate online reports regarding equity research recommendations by a group of brokerage firms following her finding that the financial news service misappropriated their “hot news” and infringed their copyrights in prior research reports.

2. Barclays Sues Ex-Lehman Units Over $34M In Fees

Wednesday, Mar 17, 2010

Barclays Capital Inc. has accused funds owned by Trilantic Capital Partners and Lehman Brothers Real Estate Partners of breaching their fiduciary duties by failing to pay millions owed in connection with the placement of private equity business.

3. Asarco Fights Barclays $9.2M 'Discretionary' Fee Bid

Wednesday, Mar 17, 2010

Asarco LLC has objected to the $9.2 million “discretionary” fee Barclays Capital PLC is seeking on top of the $13.6 million ordinary fee it earned for its role as a financial adviser during the bankruptcy.

4. Counsel Inadequate In Revlon Shareholder Suit: Judge

Tuesday, Mar 16, 2010

Criticizing the plaintiffs' original counsel for failing to take a more active role in the litigation, a Delaware judge on Tuesday appointed new lead counsel for a putative class of Revlon Inc. shareholders in a lawsuit over a takeover by the company's controlling shareholder.

5. Akin, Wachtell Advise Consol On $3.5B Dominion Deal

Monday, Mar 15, 2010

Consol Energy Inc. inked a deal Monday to purchase Dominion Resources Inc.'s Appalachian exploration and production business for $3.475 billion in cash, scoring the rights to develop nearly 500,000 acres in the Marcellus Shale formation.

6. Bloomberg Fights Subpoena In Barclays Suit V. Web Site

Thursday, Mar 04, 2010

Bloomberg LP and one of its reporters are seeking to quash a subpoena stemming from a group of brokerage units' copyright infringement lawsuit against financial Web site Theflyonthewall.com Inc., arguing that testimony about Bloomberg's news gathering and reporting techniques isn't relevant to the parties' claims and defenses.

7. THL Strikes Deal To Buy Hardee's Owner For $928M

Friday, Feb 26, 2010

CKE Restaurants Inc., owner of the of Carl's Jr. and Hardee's fast food chains, announced Friday that it has agreed sell itself to investment firm Thomas H. Lee Partners for $928 million, providing a 24 percent premium for CKE investors.

8. DOJ Blesses $1.2B Bemis-Alcan Union With Divestitures

Thursday, Feb 25, 2010

The U.S. Department of Justice has greenlighted Wisconsin-based packaging giant Bemis Co. Inc.'s $1.2 billion acquisition of Alcan Packaging Food Americas from Rio Tinto PLC, but not without requiring Bemis to sell off certain of Alcan's assets.

9. $2.6B Brookfield Deal Would Split GGP Into 2 Parts

Wednesday, Feb 24, 2010

Mall owner General Growth Properties Inc. announced Wednesday that it had received a $2.63 billion proposed equity commitment from Brookfield Asset Management Inc. as part of a plan to divide the company in two as it exits bankruptcy.

10. Barclays To Buy Citi's Italian Credit Cards Business

Thursday, Feb 11, 2010

In a move to expand its Italian credit cards business, Barclays PLC will acquire as a going concern Citibank International Bank PLC's approximately 197,000 credit card accounts in Italy, which are worth about €234 million ($319.42 million).

11. Kraft Sells $9.5B In Notes To Fund Cadbury Deal

Thursday, Feb 04, 2010

Kraft Foods Inc. on Thursday launched a four-part offering of $9.5 billion in notes to help finance its $19 billion acquisition of U.K. confectioner Cadbury PLC.

12. EU OKs $5B Deal Joining IMS Health, Investment Funds

Wednesday, Feb 03, 2010

European competition authorities have signed off on TPG Capital LP and Canada-based pension manager CPP Investment Board's $5.2 billion deal to acquire IMS Health Inc., finding that the transaction would not significantly curb competition in Europe.

13. GE Capital Launches $2.5B Securities Exchange

Tuesday, Feb 02, 2010

General Electric Capital Corp. has offered to exchange up to $2.5 billion in trust securities for subordinated debentures due in 2067.

14. Cedar Fair Investor Sues Over $2.4B Sale To Apollo

Thursday, Jan 21, 2010

A Cedar Fair LP shareholder has filed a putative class action in an attempt to block affiliates of private equity firm Apollo Investment Corp. from buying the amusement park owner for $2.4 billion, arguing that the offer severely undervalues the company.

15. Barclays Off The Hook In $60M Mortgage Fraud Suit

Tuesday, Jan 12, 2010

A federal appeals court has let Barclays Bank PLC and Barclays Capital Inc. off the hook in a Texas investment fund's $60 million mortgage-backed securities fraud action against the bank, finding that the fund was unable to state a claim.

16. Congress To Probe NY Fed's Role In AIG Disclosures

Friday, Jan 08, 2010

The House Oversight and Government Reform Committee announced on Friday that it will call U.S. Treasury Secretary Timothy Geithner to testify on whether the Federal Reserve Bank of New York improperly advised American International Group Inc. to withhold details from the public about the government's bailout of the insurance giant.

17. LB Somerset Latest Lehman Unit To File For Ch. 11

Wednesday, Dec 23, 2009

LB Somerset LLC has filed for Chapter 11 bankruptcy protection, becoming the latest unit of the failed investment bank to file for court-ordered protection.

18. Apollo Nabs Cedar Fair In $2.4B Cash and Debt Deal

Thursday, Dec 17, 2009

Dodging the fate of its bankrupt competitor Six Flags Inc., amusement park owner Cedar Fair LP has reached a deal to sell itself to an affiliate of private equity firm Apollo Investment Corp. for an estimated $2.4 billion, including the assumption of existing debt.

19. Hydraulic Fracturing Reform Could Thwart Exxon Deal

Thursday, Dec 17, 2009

Exxon Mobil Corp. may pull out of a $41 billion deal to buy XTO Energy Inc. if U.S. lawmakers outlaw hydraulic fracturing, a controversial drilling practice under scrutiny for its possible harmful effects on groundwater.

20. Forest City's Nets Arena Bond Sale A Slam Dunk

Wednesday, Dec 16, 2009

Enthusiastic investors have snapped up more than $500 million in bonds to help finance the woeful New Jersey Nets' new arena in Brooklyn, N.Y., real estate developer Forest City Enterprises Inc. has announced.