Goldman Sachs withdraws public offering
Article Abstract:
Goldman Sachs has called off its proposed initial public offering due to poor stock performance. The move was prompted by worldwide market decline and fall of brokerage stocks, the company said. The investment bank that will continue as one of Wall Street's last major partnerships reported that its pretax profit dropped by 19% in the third quarter and registered a lower credit rating from Standard & Poor. Goldman Sachs is likely to have a new proposal for its public offering and incorporation with the improvement of market conditions, according to company co-CEOs Jon Corzine and Henry Paulson.
Comment:
Has called off its proposed initial public offering due to poor stock performance
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
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Wolfgang Puck, ConAgra serve gourmet line
Article Abstract:
ConAgra Foods is expected to announce on Jan 18, 2001 that it is partnering with restaurateur Wolfgang Puck to make, sell and distribute gourmet foods including frozen entrees, pizzas and side dishes under the name of Wolfgang Puck. While the terms of the partnership were not disclosed, people close to ConAgra say the firm will pay Puck about $20 million in licensing fees in addition to a profit-sharing agreement. ConAgra, based in Omaha, NE, is the second-biggest food company in the US, while Puck's empire includes 42 restaurant sites.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2001
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Dissension at Goldman Sachs could derail IPO
Article Abstract:
Goldman Sachs' planned initial public offering (IPO) may be derailed by the reluctance of at least two members of the company's ruling executive committee to support the plan. John Thain, Goldman Sachs' CFO, and John Thornton, chairman of Goldman Sachs Asia, had in the past stated their position against the company's going public. Thornton and Thain are reportedly worried that the company's position as well respected adviser to the global corporate community may be damaged should it lose its status as an independent.
Comment:
Planned initial public offering may be derailed by opposition in ruling executive committee to support the plan
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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