Jeffrey Goldfarb is a New York-based assistant editor with a focus on Wall Street, private equity, M&A and the media industry. Before becoming a columnist, Jeffrey wrote about banking, deals, international trade, healthcare and the Internet. From London, he oversaw Reuters’ reportage on the European media sector and later ran the corporate finance team. Jeffrey joined Breakingviews in November 2007, where he helped lead the service’s coverage of the financial crisis. Jeffrey has a master’s in journalism from Columbia University and a bachelor’s degree in finance from The George Washington University.
- Tel: +1 646 223 6098
- E-mail: email@example.com
The buyout firm’s traded units are at last nearing their $31 debut price of 2007. The recovery coincides with a profitable float of the hotelier, a $27 bln deal Blackstone struck the same year. While the results diverge for investors, both speak to private equity’s timing nous.
After fending off a hostile bid from Jos. A. Bank, Men’s Wearhouse is now proposing to buy its smaller rival. Cost savings worth up to $1.1 bln cover much of the price and the combined company would be less indebted. Structured this way, the deal is financially more fashionable.
Charter wants to buy its larger $60 bln rival, which probably means larding the combined company with debt. Obvious synergies are worth only about $3 bln today. That implies crafty cable magnate John Malone, Charter’s minority owner, may have other ideas to make a merger work.
- TV industry technophobia is a bad 1980s rerun
- Private equity titans revel in Great Separation
- Review: Buffett clan puts up a good food fight
- Eight questions for three Buffetts
- Mark Zuckerberg's new IPO religion wins disciples
- Fantasy sports re-engineered as fantasy investment
- Silicon Valley storms into Washington data void