Jeffrey Goldfarb is the U.S. Editor of Breakingviews. Based in New York, he coordinates coverage in the region, while frequently writing about Wall Street, private equity, M&A and the media and tech industries. Before becoming a columnist in 2007, he covered banking, mergers, international trade, healthcare and the internet for Reuters and BNA. From London, Jeffrey led the European corporate finance team for Reuters and coverage of the continent's media sector. He has a master's in journalism from Columbia University and a bachelor's degree in finance from The George Washington University. Follow Jeffrey on Twitter @jgfarb
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As companies flex their stock and synergy muscles in this year’s M&A revival, private equity firms have resorted to buying mainly from each other. So-called pass-the-parcel deals tend to generate weaker returns. Limited partners could justifiably seek curbs on their use.
U.S.-based data protection firm SafeNet may slash its tax rate as part of a cross-border deal. Instead of doing so by acquiring overseas, though, it is simply selling itself to Dutch digital security company Gemalto. It shows the limitations of a possible ban on inversions.
Blackstone, KKR and TPG are paying $325 mln to resolve allegations that they conspired to limit buyout prices. Three other firms previously settled for less. Carlyle is holding out for now. Legally, there’s safety in numbers. Yet they can’t even agree on how to resolve the case.
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- Gannett split puts digital on wrong side of divide
- Vladimir Putin is the new bad weather
- Time Warner can justifiably hold out for more
- Unilever teaches a valuable lesson on gluttony
- Carlos Slim shoved right where he wants to go
- Doubling down on First Data may be KKR's best bet