Amvescap seeks to buy Perpetual for 1.87 billion euros

Article Abstract:

Amvescap PLC is engaged in advanced negotiations to acquire Perpetual PLC. Amvescap is negotiating to acquire Perpetual for over 1.1 billion pounds (1.87 billion euros).

United Kingdom, Strategy & planning, Investment advice, Investment Advisory Services, Investment advisers, AMVESCAP PLC, Perpetual PLC, AVZ

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BCE's $32.6 billion buyout reinforces a private-equity trend

Article Abstract:

Canada telecommunications firm BCE Inc. will be acquired by Madison Dearborn Partners, Providence Equity Partners Inc., and the investment unit of Ontario Teachers' Pension Plan in the largest private equity buyout ever. The deal, valued at $48.5 bil, includes the acquisition price of $32.6 bil plus $15.9 bil in minority interests, debt, and preferred equity.

Communications, Broadcasting and Telecommunications, Telephone Communication, Venture Capital Companies, Miscellaneous Intermediation, Financial Services, Finance and Insurance, DEPOSITORY INSTITUTIONS, Investors, not elsewhere classified, Investment Funds & Trusts, Canada, Company acquisition/merger, Communications industry, BCE Inc., Ontario Teachers' Pension Plan, Madison Dearborn Partners L.L.C., Providence Equity Partners Inc.

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McLeodUSA gets a $1 billion infusion

Article Abstract:

Forstmann Little & Co. will make an investment of $1 billion (956.4 million euros) to acquire 12% of McLeodUSA Inc. McLeod is a telephone carrier. The investment represents Forstmann's largest expansion into the telecommunications industry. The deal is expected to finance McLeodUSA's business strategy. The carrier will have the capital for rapid expansion and to gain a competitive edge over its rivals.

Comment:

Forstmann Little to make investment of $1 billion (956.4 million euros) to acquire 12% of McLeodUSA

United States, Asset sales & divestitures, Wired Telecommunications Carriers, Telephone Communications, Telephone services, Abstract, McLeodUSA Inc., Forstmann Little and Co.

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