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Investor Group

All articles tagged with #investor group

finance1 year ago

"Challenges and Rescues: NYCB's Shaky Ground and $1 Billion Lifeline"

New York Community Bancorp (NYCB) lost 7% of its deposits in one month, dropping to $77.2 billion as of March 5, following a $1 billion capital infusion led by Steve Mnuchin's investor group. The bank's stock rose nearly 6% after the announcement, and Fitch Ratings viewed the capital infusion positively. Former Treasury Secretary Mnuchin's firm, along with other investors, will take control of NYCB, with former Comptroller of the Currency Joseph Otting becoming the new CEO. The bank plans to reduce its dividend and evaluate opportunities to reduce commercial real estate concentration, while emphasizing that deposit performance has been resilient despite recent challenges.

via Yahoo Finance|
#capital-infusion#deposits#finance
business2 years ago

Macy's receives $5.8 billion buyout offer, shares surge

Shares of US department store Macy's have surged on hopes of a $5.8bn buyout deal, as an investor group has offered to pay $21 for each share of the retailer that they do not already own. Macy's, which operates more than 720 stores in the US, has faced years of struggle due to declining sales, increased competition, and store closures. The offer values the firm's shares about 20% more than their previous worth, and reports of the deal have also boosted shares of rivals such as Kohl's and Nordstrom.

via BBC.com|
#business#buyout-deal#department-store
business2 years ago

Investor Group Offers $5.8 Billion to Take Macy's Private

An investor group, including Arkhouse Management and Brigade Capital Management, has submitted a bid to take Macy's private at a value of $5.8 billion, which is over $1 billion more than its current market value. The bid represents a 32% premium on Macy's closing share price and comes during the crucial holiday shopping season. While the investor group's plans for financing the rest of the deal are unclear, department stores have been targeted by investors looking to capitalize on prime real estate. Macy's has been struggling to compete with digital retail rivals and is seeking to improve its online buying experience.

via The New York Times|
#business#department-stores#investor-group
business2 years ago

Investor Group's $5.8 Billion Bid Aims to Acquire Macy's, Reports WSJ

An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy's private, in response to increased competition from online rivals. The group, which already holds a significant stake in Macy's, submitted a proposal to acquire the remaining stock for $21 a share. Macy's board has met to discuss the offer, but it is unclear how the retailer views the proposal.

via Reuters|
#arkhouse-management#brigade-capital#business
business2 years ago

LSEG investors raise £2.9 billion from share sale

Investors including Blackstone and Thomson Reuters are launching a sale of approximately 28.3 million shares, worth around $2.9 billion, in the London Stock Exchange Group (LSEG). This follows a previous sale in May as the investor group aims to offload its stake in LSEG. The consortium, which includes CPPIB and GIC, plans to sell a total of about 43.1 million shares over time through the offering, a directed buyback, and a sale of call options. LSEG also plans to buy back approximately £750 million worth of limited-voting ordinary shares.

via Reuters|
#blackstone#business#investor-group