Article Abstract:
Financing company GMAC LLC launched its first junk-bond offer since December for $2 bil, double the originally anticipated amount. A majority stake in GMAC was bought from General Motors Corp. by a consortium led by the investment firm Cerberus Capital Management in 2006.
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Article Abstract:
Boussard and Gavaudan Holding Ltd. shares have risen by more than 18% after being taken public by B&G Asset Management last November, and plans are to offer more shares this summer. The Amsterdam-listed firm has raised $545 mil for the Sark multistrategy fund.
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Article Abstract:
Investor AB has issued Eurobonds valued at 600 million euros in line with guidance at 0.9 percentage points over midmarket exchanges. The Eurobond deal is a seven-year issue.
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