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Huntsman, Hexion Saga Continues

The tango between Hexion Specialty Chemicals and Huntsman, a process tght started about a year ago, goes on.

Heightened Worries For GM, Ford, Chrysler

Credit default swaps, a market on Wall Street where corporate debt investors can buy protection against default, continue to take a harsher look at Chrysler, Ford and GM amid ongoing signs of a slowing economy and rapid gains in oil prices that are sapping demand for their products.

JHT Delivered To Bankruptcy Court

JHT Holdings Inc., a Kenosha, Wisc.-based delivery service provider to North American commercial vehicle manufacturers, filed for bankruptcy protection on June 24.

Ratings Actions & Outlooks

The latest ratings downgrades and outlooks from Moody's and S&P.

Dura's Long Run In Bankruptcy Is Over

As part of its exit, Dura has secured a $110 million revolving credit facility, a $50 million European first-lien term loan, and an $84 million US second-lien term loan.

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Articles

M&Ain't

By now, it's a well-worn tale, this one relayed by an investment banker: A private equity firm in the process of acquiring a company in a deal that would normally take six months will now spend a year hoping to get it done. But at least they're trying. Extended deal time frames and the falloff by private equity firms in buying companies have been the hallmark of the first half of this year, and while industry participants predict a slight uptick, overall not much will change in the remaining six months of the year. Regardless, Wall Street banks, which have laid off thousands of bankers due to the market slowdown, will continue to feel pressure in their M&A business the remainder of the year.

US Auto Wreck?

GM and Ford share prices are trading at 52-week lows and investors have found that bonds from auto makers are tough to sell. At the same time, credit default swaps for both companies are at levels suggesting that they will file for bankruptcy within the next five years.

Letter From Dubai

Dubai Gold & Commodities Exchange chief executive talks about the exchange's latest offerings--crude oil contracts--and his plans for the future

Do IPOs Lead To M&A?

In order to win targets, it might pay for buyers to consider an option not always associated with the M&A market--IPOs. A recent academic study concludes that many companies close acquisitions within a few years of going public.

PE Pros Leading Debt Syndications

Private equity firms are taking a much more active role in securing debt financing for leveraged acquisitions, illustrating the stiff challenge facing financial sponsors in the leveraged finance market amidst a slower deal market, a group of buyout executives said at IDD's 'Post Crunch M&A: Doing Deals in a Down Market' conference in midtown Manhattan last Wednesday.

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