January 13, 2012 |
AMR Corp.'s reorganization in bankruptcy has made the American Airlines parent a possible acquisition target for US Airways Group Inc. and buyout firm TPG Capital. US Airways hired Millstein & Co. and Barclays as advisors, a person familiar with the matter said Friday. TPG, led by David Bonderman, is in the early stages of an evaluation, and Delta Air Lines Inc. is using Blackstone Group to study options for AMR, two other people said. Mergers have thinned the ranks of major U.S. full-service airlines to four, counting AMR, from seven in 2005.
March 21, 2008 |
Alltel Corp. President and Chief Executive Scott T. Ford received compensation of more than $141.8 million in 2007 -- including $107.7 million for taking the wireless company private, according to an analysis of a regulatory filing Thursday. The package included a payment of $25.2 million for Ford's "change in control agreement" related to Alltel's $24.7-billion buyout by TPG Capital and GS Capital Partners last year. It also included $30.8 million to cover Ford's income tax liability and a $51.6-million lump sum payment of his accrued retirement benefits, according to the Alltel's annual report.
December 2, 2010 |
Seagate Technology, the disk-drive maker that ended takeover talks with TPG Capital, also turned down a proposal from competitor Western Digital Corp., according to two people with knowledge of the matter. A combination with Western Digital would have faced antitrust obstacles and may have resulted in management departures, said the people, who declined to be identified because the talks were private. Western Digital indicated to Seagate it was willing to pay 10% to 50% more than TPG, one person said.
March 5, 2013 |
Jeff Berg isn't the first veteran talent agent to start over. For one, his onetime arch nemesis, former Creative Artists Agency honcho Michael Ovitz, did it years ago. But at age 65, Berg, the former chairman and chief executive of International Creative Management, is one of the first to launch a new agency in the current Hollywood landscape, which has been buffeted by shifting sands and an overall retrenchment in an economically challenged entertainment...
July 24, 2009 |
General Motors Co. announced TPG Capital founder David Bonderman and Carlyle Group's Daniel Akerson as among the government appointees on the reorganized board shaping the post-bankruptcy future of America's biggest automaker. They were joined by two former chief executives -- Robert D. Krebs of Burlington Northern Santa Fe Corp., and Patricia F. Russo of Alcatel-Lucent -- and Carol Stephenson, a Canadian business school dean, as GM finished overhauling its leadership after a U.S.-backed restructuring.
May 29, 2010 |
A group of investors won a bankruptcy auction for hotel chain Extended Stay Inc. with a $3.9-billion bid, two people familiar with the matter said Friday. Extended Stay, which filed for bankruptcy protection last June, selected the proposal by Paulson & Co., Centerbridge Partners and Blackstone Group over a rival bid from Starwood Capital Group and TPG Capital after an all-night auction, the people said. The two groups were competing for months to invest in Extended Stay and its portfolio of more than 600 hotels.