Reuters: Private Equity

Six Flags agrees to Avenue Capital bankruptcy plan

Mon, 09 Nov 2009 01:04:14 -0500

WILMINGTON, Del., Nov 9 (Reuters) - Bankrupt Six Flags Inc has submitted a new reorganization plan that represents a victory for hedge fund Avenue Capital Management, which fought an initial proposal that gave little to bondholders.

Market Chatter -- Corporate finance press digest

Mon, 09 Nov 2009 00:14:48 -0500

BANGALORE, Nov 9 (Reuters) - The following corporate finance-related stories were reported by media on Monday:

UPDATE 1-Hopu, Blackstone among bidders for AXA's China stake

Sun, 08 Nov 2009 23:35:29 -0500

* AXA's Taikang sale gets both Chinese and foreign bidders

Hopu, Hony, Bain among bidders for AXA's China stake

Sun, 08 Nov 2009 23:01:31 -0500

HONG KONG, Nov 9 (Reuters) - French insurer AXA's 15.6 percent stake in China's No.4 life insurer, Taikang, attracted foreign and domestic bidders, including Temasek and Blackstone , valuing the holding at more than $1 billion, sources told Reuters on Monday.

UPDATE 2-GE, Comcast agree on NBC Universal valuation - source

Sun, 08 Nov 2009 21:39:57 -0500

* GE, Comcast agree on valuation of around $30 bln-source

UPDATE 4-Northrop to sell $1.65 bln unit to private equity

Sun, 08 Nov 2009 20:50:26 -0500

* Follows spate of private equity deals (Adds comment on deal price in paragraph 5, second byline)

Sprint Nextel to invest more in Clearwire-WSJ

Sun, 08 Nov 2009 20:37:33 -0500

NEW YORK, Nov 8 (Reuters) - Sprint Nextel Corp . is preparing to pump at least $1 billion more into Clearwire Corp., the Wall Street Journal reported on Sunday, citing two people familiar with the matter.

Stuyvesant Town woes may pave way for loan changes

Sun, 08 Nov 2009 19:42:28 -0500

NEW YORK, Nov 8 (Reuters) - The joint venture that borrowed heavily to buy Stuyvesant Town and Peter Cooper Village in 2006 could be among the first to take advantage of changes in U.S. tax law that let borrowers seek payment relief, when it said last week that it could not keep paying interest on a $3 billion loan.

GE, Comcast agree on NBC Universal valuation - source

Sun, 08 Nov 2009 19:35:33 -0500

NEW YORK, Nov 8 (Reuters) - General Electric Co . and Comcast Corp have agreed on a valuation of around $30 billion for NBC Universal, ironing out what has been a key obstacle in talks to form a joint venture between NBC Universal and Comcast, a source familiar with the matter said on Sunday.

Reynolds in talks to buy Sweden's Niconovum-WSJ

Sun, 08 Nov 2009 19:09:18 -0500

NEW YORK, Nov 8 (Reuters) - Tobacco giant Reynolds American Inc . is in advanced talks to buy a Swedish maker of products that help people stop smoking, the Wall Street Journal reported on Sunday.