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CURBING OF LEVERAGED BUYOUTS MAY FOLLOW CONGRESSIONAL PROBE
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by the nearly $25 billion deal putting RJR Nabisco Inc. into new
hands, Congress is preparing to scrutinize leveraged buyouts and
various related issues, senior members and staff aides say.
The inquiries could result in legislative curbs against such
activities.
As individual members express misgivings about a range of
practices and policies, including ostensible self-dealing and the
fundamental bias toward debt in the nation's tax code, at least
three Senate and House panel...
Related newspaper, magazine, and journal articles from HighBeam Research
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SURVEY SHOWS LEVERAGED BUYOUTS IN POSITIVE LIGHT
The Journal Record
; With Michael Milken under indictment and the market for ``junk bonds'' under water, ``leverage'' has become a four-letter word. Corporate buyouts constructed on pyramids of debt, goes the conventional wisdom, have weakened once mighty industries and deprived Washington of billions in corporate
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US REPORT WARNS ON LEVERAGED BUYOUTS
The Boston Globe
; WASHINGTON - The explosion of leveraged buyouts in recent years has resulted in "unparalleled levels of corporate debt," which may leave corporate America more vulnerable to economic downturns, said a congressional report released yesterday. The number of leveraged buyouts has more than tripled,
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LBOs Can Keep America Competitive-but Not Without `Junk' Financing Curbs
The Washington Post
; Two polar schools of thought have emerged regarding leveraged buyouts. In one view, they have been positive in all respects; in the other, they are fraught with abuse and ill consequences. In our opinion, both views are off the mark-they fail to distinguish between leveraged buyouts as originally
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MOVEMENT TO REGULATE 'JUNK BONDS' WANES
The Journal Record
; WASHINGTON - After expressing intense interest early this year in regulating leveraged buyouts and their financial underpinning, high-risk, high-yield ``junk bonds Congress's attention has waned. The lawmakers lost enthusiasm, in part, because the market for such transactionshas weakened, but for
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Defaults Add To Burden Of Buyouts;Heavy Debts Strain Leveraged Companies
The Washington Post
; An outbreak of defaults by debt-burdened companies is sending the first major shock waves through the world of leveraged buyouts and corporate takeovers. Although critics of leveraged buyouts have predicted that such deals would be sorely tested during a recession, problems are multiplying during a
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