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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Larry Fink, boss of the $4.7 trln asset manager, generally opposes activist investing. At the same time, BlackRock is finding new ways to needle corporate boards by, for example, leaning on long-tenured directors. The quiet approach can work, but it may be time to speak up.
A $45 bln sale to larger rival Comcast hangs in regulatory balance. Time Warner Cable’s stock price implies a 40 pct chance of collapse. A Breakingviews calculator shows how longer odds of success might hurt investors. The lack of a break fee would add insult to injury.
Carlyle followed rivals KKR, Apollo and Blackstone by reporting lower quarterly profit amid falling oil prices while also spotting new opportunities to invest in energy. TPG’s lawsuit against its former spokesman was the industry bombshell. It’s a looming threat for many reasons.
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