News and Events

DALLAS NEWS: Struggling Zale Hires Firm to Explore Strategic Options

DALLAS NEWS: Struggling Zale Hires Firm to Explore Strategic Options

  • News
  • February 10, 2010

By Maria Halkias Cash-strapped and struggling Zale Corp. said Tuesday it is seeking outside advice to help it sort out alternatives. The Irving-based jewelry retailer said it hired Peter J. Solomon Co., a New York-based independent investment banking advisory firm to the retail industry. Zale said the firm will "advise the company in... Read More

IDD: Distressed Investors Keep Hunting for Yield

IDD: Distressed Investors Keep Hunting for Yield

  • News
  • January 21, 2010

By Matthew Sheahan and Danielle Fugazy While deals abound for high yield bond and leveraged loan investors, distressed debt opportunities have fallen precipitously over the past year. This has left some distressed investors sitting on the sidelines and others taking bigger risks in their quest for yield. Tightening spreads h... Read More

Financial Crisis Inquiry Commission Hearing: Testimony of Peter J. Solomon

Financial Crisis Inquiry Commission Hearing: Testimony of Peter J. Solomon

  • News
  • January 13, 2010

Thank you for asking me to appear before the Commission. Before I begin, I want to commend the leadership of the House and Senate for creating this bi-partisan Commission to examine the causes of the current financial and economic crisis in the United States. When I entered Wall Street in the early 1960s, securities firms and commercial ... Read More

WWD: Fashion’s M&A Scene Heating Up

WWD: Fashion’s M&A Scene Heating Up

  • News
  • January 7, 2010

  Fashion’s game of deal or no deal is heating up for 2010 and it seems almost everyone is looking to play a part. And although no one is predicting a return to the go-go days of 2006 and 2007 when buyers bid hot properties up into the stratosphere, experts said a steadier economy, easing credit markets and more realistic price tags cou... Read More

THE DEAL: Building Materials finishes Chapter 11 construction

THE DEAL: Building Materials finishes Chapter 11 construction

  • News
  • January 5, 2010

  Building Materials Holding Corp. has exited Chapter 11 protection under control of its senior lenders. The prenegotiated reorganization plan of the Boise, Idaho, company took effect Monday, Jan. 4, according to papers filed with the U.S. Bankruptcy Court for the District of Delaware in Wilmington. BMHC is a provider of building materi... Read More

BANK LOAN REPORT: New York Promises Slower HY Market

BANK LOAN REPORT: New York Promises Slower HY Market

  • News
  • January 4, 2010

PJSC Managing Director Anders Maxwell says what troubles him about the high yield resurgence is that the leveraged loan market has not recovered to anywhere near the same extent as the bond market, making it more likely that the end buyers for new junk bonds are retail buyers rather than institutional investors and that the quest for yi... Read More