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...Public buyouts of private equity-backed companies was a theme during the quarter, led by Pioneer Natural Resources’s $6.4bn acquisition of DoublePoint Energy, and including Southwestern Energy’s $3bn deal...
...Muriel Siebert had died in 2013, and Ms Gebbia bought the stake from her estate using a Nevada LLC called Kennedy Cabot Acquisition, in addition to a handful of shares purchased from minority shareholders...
...Over that period they have also outperformed shares in other leading Marcellus gas producers including Cabot Oil & Gas, Range Resources and EQT itself....
...Cabot was acquired by JC Flowers in May last year from rival buyout group AnaCap in a £500m transaction....
...Cabot’s owner, London-based AnaCap, declined to comment on the terms of the transaction....
...In May it acquired a stake in Cabot, Britain’s biggest debt collector, in a move to buy distressed consumer loans from banks....
...The planned acquisition of UK debt collector Cabot by New York-buyout house JC Flowers announced earlier this month has highlighted private equity funds’ appetite for distressed consumer loans that banks...
...Other natural gas stocks were lifted by the news, with Cabot Oil & Gas putting on 4 per cent to $33.84, Range Resourcesclimbing 4.6 per cent to $42.59 and Petrohawk rising 3.6 per cent to $18.40....
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