Earlier this week, MGM Resorts International (MGM) said it was selling two of its prized casinos. The combined price tag… was just over $5 billion. As part of a continued restructuring, MGM opted to maintain
When we think about private equity, we often think about companies like Toys R Us: purchased with borrowed money, loaded up with debt that ultimately all but destroys the firm. The investors make out,
(This October 17 story refiles to change Thursday to Wednesday in fifth paragraph) FILE PHOTO: A LEGO Windsor Castle is worked on by staff at Legoland, in Windsor, Britain May 10, 2018. REUTERS/Peter Photo
New York (CNN Business) — MGM Resorts is offloading two well-known Las Vegas casinos in separate deals that total nearly $5 billion. The gaming company said Tuesday it's selling Circus Circus to a rival
TOKYO (Reuters) - Private equity firm Blackstone Group (BX.N) said on Tuesday it would launch a tender offer for Unizo Holdings (3258.T) at 5,000 yen a share, doubling down on its $1.6 billion offer after
LONDON (Reuters) - A growing number of private equity firms are taking advantage of Europe’s buoyant bond market to extract money from companies they hold by loading them with debt, prompting some investors
Byron Wien, the vice chairman of private-wealth solutions at Blackstone, attempted to answer this question in 2011 by launching a portfolio mix that embodied what he called "radical asset allocation."