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BLOOMBERG: Chirico’s 4am Ice Cream Seals $3 Billion Tommy Hilfiger Deal

BLOOMBERG: Chirico’s 4am Ice Cream Seals $3 Billion Tommy Hilfiger Deal

  • News
  • March 16, 2010

by Cotten Timberlake (Bloomberg) -- It took Phillips-Van Heusen Corp. Chief Executive Officer Emanuel Chirico more than 2 years and 15 pints of ice cream to seal the $3 billion takeover of Tommy Hilfiger BV. “It just seemed natural to us,” Chirico, 52, said yesterday in an interview after announcing the agreement to buy the clothing comp... Read More

NY TIMES: Junk Bond Avalanche Looms for Credit Markets

NY TIMES: Junk Bond Avalanche Looms for Credit Markets

  • News
  • March 15, 2010

By Nelson D. Schwartz When the Mayans envisioned the world coming to an end in 2012 — at least in the Hollywood telling —they didn’t count junk bonds among the perils that would lead to worldwide disaster. Maybe they should have, because 2012 also is the beginning of a three-year period in which more than $700 bi... Read More

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