All Business: ; Buyout Firms Redefining Quick Turnaround
Sunday Gazette-Mail › April 04, 2005
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Summary
NEW YORK - Wall Street is giving us a new definition for a quick turnaround: It's when buyout firms take companies public soon after they are taken private.
Forget about seeing whether the new owners of companies like florist FTD Group Inc. and coal producer Foundation Coal Holdings Inc. can cut costs and make other significant restructuring changes. In this new world, buyout firms want to sell shares to the public again fast.See the full content of this document
Extract
All Business: ; Buyout Firms Redefining Quick Turnaround
These fast corporate flips are big money makers for the buyout firms, but it's still an open question whether they prove to be good investments for IPO investors.
The buyout business is b...See the full content of this document
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