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>> CERBERUS Latest News

MAR 26, 2015 - TheStreet

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Falcone-backed LightSquared wins court approval to exit bankruptcy

NEW YORK (The Deal) -- After nearly three years in Chapter 11 protection, Philip Falcone-backed LightSquared Inc. received court approval to exit bankruptcy on Thursday. U.S. Bankruptcy Judge Shelley Chapman approved LightSquared's latest reorganization plan after the bankrupt wireless spectrum holding company reached settlements with Solus Alternative Asset Management LP and Cerberus Capital Management LP. The debtor had recently announced a deal ...

Tags: Falcone-backed LightSquared wins court approval to exit bankruptcy,  Cerberus Latest News

MAR 18, 2015 - Yahoo! News

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Salus Capital complaint urges cap on credit bid for RadioShack

Salus Capital LLC filed an adversary complaint on Wednesday in RadioShack Corp's Chapter 11 bankruptcy that seeks to hold credit bidding in the electronic retailer's upcoming auction to $111 million. RadioShack won bankruptcy court approval last month to auction about 2,000 of its stores with an initial $200 million bid from Standard General hedge fund, which will keep about half ...

Tags: Salus Capital complaint urges cap on credit bid for RadioShack,  Cerberus Latest News

MAR 16, 2015 - Washington Business Journal

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Apollo in the lead to buy Denver Post parent Digital First, report says

Apollo Global Management LLC is leading other potential buyers of Digital First Media, parent of The Denver Post, Boulder Daily Camera and other Colorado newspapers, according to a news report. The Reuters news agency says the private equity firm is "in advanced talks" to buy "most" of New York-based Digital First's assets for around $400 million. Reuters cites unnamed "people ...

Tags: Apollo in the lead to buy Denver Post parent Digital First, report says,  Cerberus Latest News

MAR 16, 2015 - Zero Hedge

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The Best "Democracy" Money Can Buy: For Every Dollar Spent Influencing US Politics, Corporations Get $760 Back

The first time we read the recent analysis by the Sunlight Foundation in which it combed through 14 million corporate records, including data on campaign contributions, lobbying expenditures, federal budget allocations and spending, in order to determine the "rate of return" on lobbying and spending to buy political goodwill, we were left speechless. To be sure, we had previously shown ...

Tags: The Best "Democracy" Money Can Buy: For Every Dollar Spent Influencing US Politics, Corporations Get $760 Back,  Cerberus Latest News

MAR 09, 2015 - TheStreet

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Concordia Healthcare Acquires Covis Pharma for $1.2 Billion in Cash

NEW YORK (The Deal) -- Concordia Healthcare (CXR:Toronto) announced on Monday that it would acquire assets of private equity-backed Covis Pharmaceuticals for $1.2 billion in cash. Toronto-based Concordia will purchase substantially all the commercial assets of Covis Pharma and Covis Injectables, including 18 branded and authorized generic products. The deal is expected to be 50% accretive to adjusted earnings per ...

Tags: Concordia Healthcare Acquires Covis Pharma for $1.2 Billion in Cash,  Cerberus Latest News