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Capital Markets

  • November 21, 2014

    Dillard's Sets $500M Buyback Amid Activist Pressure

    Fashion retailer Dillard's Inc., under pressure from an activist shareholder to unlock value by spinning off its real estate assets into a real estate investment trust, unveiled a buyback plan Friday authorizing the company to repurchase up to $500 million of its stock.

  • November 21, 2014

    Israeli Pesticide Co. Delays $486M IPO Over Weak Markets

    Israeli pesticide company Adama Agricultural Solutions Ltd., which intended to list on the New York Stock Exchange for $486.5 million to help fund acquisitions, postponed its initial public offering on Thursday, saying that the market isn't good for such a move right now.

  • November 21, 2014

    Armstrong Teasdale Reps Peak Resorts In $90M Public Debut

    Ski resort operator Peak Resorts Inc. raised $90 million in an initial public offering to kick off trading on the Nasdaq on Friday, hitting the low end of its target for a rebooted IPO to snag capital to pay down resort development and acquisition costs as it pursues growth strategies.

  • November 21, 2014

    Fed Examining Stricter Rules For Bank Commodity Operations

    The Federal Reserve is considering additional rules for bank holding companies trading in commodities after the major investment banks built up dangerously large positions in commodities since the financial crisis, according to Fed governor Daniel K. Tarullo's testimony Friday before the U.S. Senate's Permanent Subcommittee on Investigations.

  • November 21, 2014

    SEC Grows Global Whistleblower Empire As Bounties Boom

    The sun never sets on the U.S. Securities and Exchange Commission’s whistleblower program. But judging from fresh data about tips the agency receives from around the world, if you are an SEC whistleblower seeking a potential payday, chances are you’re from the Golden State.

  • November 21, 2014

    Yum Brands Sets Aside $1B For Buybacks Through 2016

    Yum Brands Inc., the world's largest restaurant company, which owns KFC, Taco Bell and Pizza Hut, on Thursday said that it would set aside $1 billion to buy back shares from investors through May 31, 2016, saying it had good cash flows and wants to keep raising its dividend.

  • November 21, 2014

    PE-Backed Neff Falls Short Of Target With $157M IPO

    Private equity-backed Neff Corp. raised just over $157 million in an initial public offering Friday, selling nearly 10.5 million shares at $15 apiece and falling short of the $220 million goal laid out by the Florida-based construction equipment rental company in September.

  • November 21, 2014

    TerraForm Sells $350M In Stock To Back First Wind Buy

    TerraForm Power Inc., SunEdison Inc.’s renewable energy power plant operating unit, said Friday that it is selling $350 million in stock to raise cash to help fund its portion of their $2.4 billion acquisition of First Wind Holdings LLC.

  • November 20, 2014

    The Practice Areas Putting You At Risk For Malpractice Suits

    Law firms are always on guard against risk, but there are a few practice areas they aren't watching closely enough, experts say. Here, experts talk about the five practice areas that are increasingly getting law firms sued.

  • November 20, 2014

    Ex-PetroTiger Counsel Disbarred For Role In Bribery Scheme

    A New York state appeals court on Thursday ruled to disbar the former general counsel of PetroTiger Ltd. for a federal felony conviction stemming from his role in a scheme to bribe a Colombian official in exchange for approval of a $39 million oil services contract.

  • November 20, 2014

    US Leveraged Buyouts Are On The Decline

    Even as U.S. merger and acquisition activity stands at a record, the number of leveraged buyouts is hovering at multiyear lows, according to a report from S&P Capital IQ, as corporate buyers return to the fore, putting up more cash and stock to get deals done.

  • November 20, 2014

    Valeant Unveils $2B Buyback Plan After Failed Allergan Deal

    Canadian drug giant Valeant Pharmaceuticals International Inc. has approved the repurchase of $2 billion in securities, outlining the plans to boost shareholder value Thursday — just days after its $55 billion bid to buy Botox maker Allergan Inc. fell through.

  • November 20, 2014

    Synchrony Financial Mobilizes For $7.5B Debt Offering

    Synchrony Financial, the retail credit company spun out of General Electric Co., plans to raise $7.5 billion through an offering of debt securities, marking the company’s first public offering after raising $2.9 billion in its market debut in July.

  • November 20, 2014

    CFTC Commissioner Slams Finance Regulation 'Explosion'

    Commodities Futures Trading Commissioner J. Christopher Giancarlo on Thursday criticized his agency and other regulators for their “regulatory explosion” following the financial crisis, saying misguided and flawed rules have driven derivatives transactions away from the U.S., wrongly hurt smaller market participants and discouraged legitimate risk-taking.

  • November 20, 2014

    Wedbush Pays $2.4M To Settle SEC's Market Access Case

    Wedbush Securities Inc. and two executives have agreed to pay the U.S. Securities and Exchange Commission $2.44 million to settle charges related to the firm's allegedly willful violations of the SEC's market access rule, the agency announced Thursday.

  • November 20, 2014

    BBVA Raises $2.5B To Beef Up Stake In Turkish Bank Garanti

    Banco Bilbao Vizcaya Argentaria SA said Thursday that it will finance its up-to-€1.99 billion ($2.5 billion) purchase of an almost 15 percent stake in Turkish bank Garanti Bank with the proceeds from a new share issue.

  • November 20, 2014

    Enbridge Fund Issues $955M In Debt To Back Pipeline Deal

    Enbridge Income Fund said Thursday it closed on a CA$1.08 billion debt offering ($955 million) that will partly finance an acquisition of natural gas pipeline interests from Canadian energy company affiliate Enbridge Inc., plus refinance existing debt.

  • November 20, 2014

    Perrigo Plans $900M Offering To Raise Cash For Omega Buy

    Perrigo Co. PLC said Thursday that it plans to sell $900 million in stock to fund its planned €3.6 billion ($4.5 billion) acquisition of Belgium’s Omega Pharma Invest NV as the Ireland-based maker of over-the-counter drugs and health products broadens its European market presence.

  • November 20, 2014

    Market Rumors: Alibaba, CGN Power, Medibank

    Alibaba launched a debut $8 billion bond offering amid strong demand, while CGN Power, China's largest nuclear plant operator, has sold a significant chunk of its upcoming $3 billion IPO in Hong Kong to cornerstone investors.

  • November 20, 2014

    SEC Shakes Would-Be Dark Pool Marketplace's Suit, For Now

    The U.S. Securities and Exchange Commission on Wednesday escaped a suit by a company that wants to set up a virtual marketplace for automated dark pools, the controversial securities exchanges, as a South Dakota federal court said the company must await final SEC action on its application.