"Banks just have to get smaller, so they're lending less and getting out of certain asset classes," said David Abrams, head of European nonperforming loan investments at Apollo Global Management in London.
According to the filing, "This offering is being made in connection with the purchase by a subsidiary of the Issuer of certain assets of Pelago, Inc".
After many of the deals, WorldCom would subtract many millions and sometimes billions of dollars from its profits in what it described as a write-down of the value of certain assets it acquired.
But the price that AT&T had to pay for approval was to agree to a sale of certain assets.
The carmaker blamed the special impairment charges on the significant increase in fuel and commodity prices, which have led to a shift away from large pickup trucks and SUVs in North America, forcing the company to undertake a review of certain assets.
"Affiliates of GSO Capital Partners LP, a division of Blackstone, purchased certain assets from Velti in January 2014 and launched mGage using those assets," a spokesperson says.
REUTERS European Banks Move to Reassess Risk | Big banks in Europe are recalculating the riskiness of certain assets, a strategy that increases their ratio of capital to risk-weighted assets, The Wall Street Journal reports.
It also had a pretax charge of $61.4 million, or 4 cents a share, from impairment of certain assets.
Verizon Wireless said yesterday that it had completed its acquisition of certain assets of the Dobson Communications Corporation, a rural wireless operator, for about $465 million.
The trucking company Celadon Group said yestertday that it expected to top Wall Street earnings estimates for the current quarter because of cost-cutting and its recent acquisition of certain assets of Burlington Motor Carriers.
The UK company, whose brands include Gauloises, JPS and USA Gold, said: "Imperial confirms it is in discussions with Reynolds and Lorillard to evaluate a possible acquisition of certain assets and brands owned by Reynolds and Lorillard.
