news

EchoStar to Acquire Mexican Satellite Operator SATMEX (terminated)

EchoStar to Acquire Mexican Satellite Operator SATMEX (terminated)

  • News
  • February 26, 2010

Satellite Services, L.L.C., a subsidiary of EchoStar Corporation (NASDAQ: SATS), and Satelites Mexicanos, S.A. de C.V. (Satmex) announced today an agreement pursuant to which EchoStar will acquire an ownership interest in Satmex. Satmex is Mexico's leading satellite operator and delivers video, audio and data services to the Americas. MV... Read More

NY TIMES: Walgreen to Buy Duane Reade

NY TIMES: Walgreen to Buy Duane Reade

  • News
  • February 17, 2010

Walgreen, the national pharmacy chain, said on Wednesday that it has agreed to buy Duane Reade Holdings, whose drugstores occupy many a New York City corner, for about $1.1 billion in cash. Walgreen is buying the 257-store chain, which is burdened by a big debt load, from the private equity firm Oak Hill Capital Partners. ... Read More

WSJ: Walgreen to Acquire Drugstore Chain Duane Reade

WSJ: Walgreen to Acquire Drugstore Chain Duane Reade

  • News
  • February 17, 2010

By JOAN E. SOLSMAN Walgreen Co. agreed to buy Duane Reade from private-equity firm Oak Hill Capital Partners for $1.08 billion, including assumed debt, making the largest U.S. drugstore chain also the market leader in New York City. Walgreen, which expects to close the purchase by the end of August, said it would retain the Duane... Read More

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