Sunday, May 1, 2016

Weekend Finds Two Carlyle Deals in Jeopardy


The future of two Carlyle Group deals got considerably cloudier over the weekend. WSJ broke the big news regarding the merger breakup between Halliburton and Baker Hughes.  Regulatory hurdles had The Carlyle Group and Halliburton in talks.  The Baker Hughes - Halliburton split doesn't mean Carlyle won't buy part of Halliburton, especially if the deal's failure means Halliburton owes Baker Hughes $3.5 billion in breakup fees.  That could be the impetus for an asset spinoff to Carlyle.

Other news came from The Courier Mail where Carlyle bid for Greencross, an Australian pet company.  Greencross' stock price rose enough to make the Carlyle bid irrelevant.