GM's mortgage unit deal brings in $9-billion

Article Abstract:

General Motors Corp. sells General Motors Acceptance Corp.'s commercial real estate division to Kohlberg Kravis Roberts & Co. Five Mile Capital Partners LLC and Goldman Sachs Capital Partners. The reasons behind the deal are presented.

United States, Acquisitions & mergers, Consumer Lending, Personal credit institutions, Parent-to-subsidiary activities, Consumer Finance Institutions, Subsidiary-to-parent activities, TRANSPORTATION EQUIPMENT, Mergers, acquisitions and divestments, Company acquisition/merger, Consumer finance companies, General Motors Corp., GM, Transportation equipment industry, General Motors Acceptance Corp., Kohlberg Kravis Roberts & Co., Subsidiaries, divisions and units, Goldman Sachs Capital Partners (New York, New York)

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Stelco signals it intends to go it alone

Article Abstract:

The details on hiring of BMO Nesbitt Burns Inc. by Stelco Inc. to save the company from restructuring are examined.

Financial management, Organizational history, Blast furnaces and steel mills, Finance, Appointments, resignations and dismissals, Steel industry, Company restructuring/company reorganization, Reorganization and restructuring, Company financing, Company organization, Stelco Inc., BMO Nesbitt Burns Inc.

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