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DealBook: Penn National Says Buyout Deal Is Dissolved
The casino operator said it has terminated its $6.1 billion sale to two private equity firms, after agreeing that completing the deal would not be possible without a lengthy litigation process.
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Penn National's Silver Lining - Forbes
Penn National's Silver LiningForbes - 1 hour agoInvestors didn't cry too hard though. Penn National (nasdaq: PENN - news - people )'s shares rose $1.06, or 3.7%, to $29.66, on Thursday.Penn National loses takeover deal but gets funding guardian.co.ukCasino operator
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Buyout of Penn National May Involve Revised Terms
The buyers of Penn National Gaming and their lenders are working to negotiate the final terms of the financing commitments, people briefed on the matter said.
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Penn National Gaming Cancels Its Sale to Private Equity Firms
Another big corporate buyout fell apart as Penn National Gaming announced that it had terminated its $6.1 billion sale to two private equity firms.
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Penn Steps Down
Mark Penn is giving up his role as chief strategist with Sen. Hillary Clinton's presidential campaign in the wake of "the events of the past few days," according to ABC News."Penn realized that he needed to step down after it was discovered this past week that Penn, who also is chief
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Penn Remains in Clinton Inner Circle
Marc Ambinder: "Demoted Hillary Clinton strategist Mark Penn may no longer have the coveted title of chief strategist, but he remains a key member of the campaign's senior staff. Indeed, it is not clear precisely what Mr. Penn's demotion entails, other than a public rebuke."Said one
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Garden Says It Will Renovate, Not Move, Putting Penn Station Plan ... - New York Times
NY1Garden Says It Will Renovate, Not Move, Putting Penn Station Plan ...New York Times - 1 hour agoBy CHARLES V. BAGLI The dream of transforming Pennsylvania Station and creating a new financial district around it suffered a potentially fatal blow on Thursday wh
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Sean Penn, wife Robin end divorce proceeding - Reuters
Windsor StarSean Penn, wife Robin end divorce proceedingReuters - 3 hours agoLOS ANGELES (Reuters) - Oscar winning actor Sean Penn and his wife actress Robin Wright Penn have withdrawn their divorce petition filed in December, a court document posted on celebrity Web s
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Blaming Penn
Harold Ickes talks to the New York Observer and makes sure everyone knows Mark Penn is to blame for any failures of Sen. Hillary Clinton's campaign. He even noted that Penn prefers to be called "chief strategist" instead of "pollster." Said Ickes: "Mark Penn has run this campaign. Bes
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Clear Channel buyout in trouble: source - Reuters
Clear Channel buyout in trouble: sourceReuters - 1 hour agoBy Megan Davies NEW YORK (Reuters) - The $20 billion leveraged buyout of US radio operator Clear Channel Communications Inc (CCU.N: Quote, Profile, Research) was in jeopardy on Tuesday, with banks increasingly relu
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Reactions to Penn's Sacking
Sen. Hillary Clinton's chief strategist, Mark Penn, was ousted from the campaign over the weekend for apparently misleading the campaign about his outside business interests.Ben Smith: "Mark Penn's exit from his role as Hillary Rodham Clinton's chief strategist likely will portend no dr
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DealBook: Borders Urged to Consider Amazon Deal
William Ackman, the billionaire hedge fund manager who is a major stakeholder in Borders Group, says the bookseller should consider approaching online retailer Amazon.com about a possible acquisition. The founder of Pershing Square Capital Management, which owns about 30 percent of Borders, said the
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DealBook Blog: Sallie Mae Appoints New Chairman, C.F.O.
The beleaguered student lending giant appointed a longtime banking executive, Anthony P. Terracciano, as its new chairman, as it continues to struggle with tighter credit markets and the wreckage from its failed buyout.
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DealBook: Clear Channel and Buyers Sue Banks
The suit accuses six banks that agreed to finance Clear Channel’s $19.5 billion buyout of reneging on their commitments.
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DealBook: Clear Channel and Buyers Sue Banks
The suit accuses six banks that agreed to finance Clear Channel’s $19.5 billion buyout of reneging on their commitments.
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DealBook: S.E.C. Sues Trader for False Rumors About Alliance Data
Regulators said they charged a trader with spreading false rumors about the buyout of Alliance Data Systems last fall and winter, causing the credit card processor’s stock to fall.
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DealBook: Blackstone to Buy Apria for $1.6 Billion
The Blackstone Group said that it has agreed to buy Apria Healthcare Group, a home healthcare services provider, for $1.6 billion, in the private equity giant’s first major leveraged buyout this year.
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Struggling Web Pioneer Getty Images Going Private In Buyout - CNNMoney.com
eFluxMediaStruggling Web Pioneer Getty Images Going Private In BuyoutCNNMoney.com - 1 hour agoGetty Images -- an online supplier of stock photos and film footage that has faced less-than-photogenic market conditions in recent months -- is going private in a $2.1 billio
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Penn Claims He Didn't Have Authority
In the Los Angeles Times, chief strategist Mark Penn distances himself from Sen. Hillary Clinton's presidential bid, insisting that he had "no direct authority in the campaign," and describing himself as merely "an outside message advisor with no campaign staff reporting to me." Said
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Tight Credit, Tough Times for Buyout Lords
The Ides of March has arrived early for the buyout lords of Wall Street, as the intensifying credit crisis humbles some of the industry’s once-celebrated deal makers.
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