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The private equity firm Blackstone Group reported a quarterly loss Wednesday and said capital available to complete buyout deals was still scarce.
But it wasn't a complete buyout, with employees and possibly some outside investors retaining equity in the company.
This is a liquidity event for many or most of TGN's shareholders, although it is apparently not a complete buyout.
The company's stock recently took a hIntelter the WSJ reported that Apple planned to drop Qualcomm components is future iOS devices — in favor of Intel chips or possibly MediaTek.
That same $55 million that bought an investor a fifth of the company last month would be a complete buyout today.
What we've heard is that the two sides are in current discussions over a complete buyout, not necessarily that there's a deal in place or even that Microsoft has made any kind of firm offer.
Similar(48)
The court's ruling is likely to make it harder for companies to complete buyouts.
Accredited Home Lenders' completed buyout by Lone Star.
The FD managers are still hoping to complete the buyout soon.
The following year, Wesray used a similar strategy to complete a buyout of Heekin Can.
Air Products, a producer of industrial gas, said it would complete the buyout by the end of the month.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com