Hints and tips:
...A US judge has dealt a blow to Apollo Global Management, Angelo Gordon and other big creditors in the bankruptcy of mattress maker Serta Simmons Bedding, in a ruling that could settle a fierce dispute on...
...Hoarding dollars — the proverbial hiding cash under the mattress — is a national pastime....
...High returns meant high risk and First Boston suffered significant paper losses on bridge loans extended to such companies such as Ohio Mattress, Campeau and Long John Silver’s....
...Reaching for new funds to see it through the pandemic, mattress company Serta Simmons Bedding took $200m in new loans from a slim majority of creditors who, in addition to putting in the fresh money, saw...
...Serta Simmons, the mattress company owned by Advent International, said complaints by a lender group led by Apollo over a recent rescue financing that left the group co-founded by Leon Black, pictured above...
...Some, such as Mattress Firm, have told landlords that they will fail to make required rent payments for April....
...Casper is one of nearly 200 mattress sellers. Even with its hip branding, it has struggled to stand out....
...“But I think just as important and maybe even more important is ambient sensors: bedside devices, under-mattress sensors, sensors integrated into toilet seats.”...
...Ares has previously invested in General Nutrition Centers, Samsonite and mattress manufacturers Serta and Simmons....
...The $39bn purchase of railroad company Burlington Northern Santa Fe, Berkshire’s largest ever, is a prime example....
...Rick Webb, chief executive of Watco, owner of several shortlines, said the company was “blessed” to own energy-linked operations including the Yellowstone Valley railway in the Bakken region....
...Coal has traditionally accounted for between 20 and 25 per cent of traffic for many big US rail companies....
...equity seminar in Dublin that attracted 200 industry operators this week, has been involved in several restructuring-style private equity deals in recent months, including Blackstone’s acquisition of the Burlington...
...When Burlington Northern Railroad Company spun off its energy and lumber group, Burlington Resources, arbs simultaneously bought one stock while selling short the other....
...are well-known cases of tertiary buy-outs hitting the wall, such as Gala Coral, which was taken over by its lenders last month, triggering £700m ($1bn) losses for its buy-out owners, and Simmons, the US mattress...
...S&P decided to move now because few other large companies other than Burlington are scheduled to be taken out of the index later this year, David Blitzer, chairman of S&P’s index committee, told the Wall...
...The move came as Standard & Poor’s said on Tuesday it would add Berkshire to its flagship S&P 500 index as the company prepares to acquire railroad operator Burlington Northern Santa Fe....
...Even Warren Buffett, the billionaire investor, turned to veteran banker Roger Altman’s boutique firm Evercore, along with Goldman Sachs, to help him with his $26bn takeover of Burlington Northern Santa Fe...
...You can’t buy the Burlington Northern – Warren Buffett has scooped that up – and most other choices offer tempting returns, but potential bullets as well. Buy some utilities....
...Analysts have focused most intently on Conoco’s acquisition of Burlington Resources for $33.9bn in 2005, which Mr McMahon notes came in at a cost of $17 a barrel of proved reserves when the industry enterprise...
...Some may prefer the proverbial mattress but money markets have traditionally been a low-yielding yet stolidly safe investment....
...“The Chinese people have three forms of investment habits: they put it under the mattress because they don’t trust banks, put it in their business, or gamble it widely....
...Quito newspaper El Comercio on May 14 reported that two – Perenco of France and Burlington Resources of the US – had gone to the World Bank’s International Centre for Settlement of Investment Dispute, joining...
...Gas-centred deals such as Chevron’s 2005 acquisition of Unocal, ConocoPhillips’ 2006 purchase of Burlington Resources and Eni’s buy-out of Dominion’s assets in the Gulf of Mexico last year underline the...
...Buffett’s company has concentrated heavily on BNSF, where it is by now much the biggest shareholder, but it has also taken stakes in Union Pacific and Norfolk Southern....
International Edition