(Bloomberg) -- The risk of owning bonds sold by
Degussa AG, the world's biggest specialty chemicals maker, rose
on concern its parent RAG AG may be acquired in a leveraged
buyout, according to traders of credit-default swaps.
Cerberus Capital Management LP, the New York-based private
equity firm, offered between 6 billion euros ($8 billion) and 8
billion euros for RAG, company spokeswoman Barbara Mueller said
today. The Essen, Germany-based company operates coalmining,
property, energy and chemicals businesses.
Read more at Bloomberg Bonds News
Degussa AG, the world's biggest specialty chemicals maker, rose
on concern its parent RAG AG may be acquired in a leveraged
buyout, according to traders of credit-default swaps.
Cerberus Capital Management LP, the New York-based private
equity firm, offered between 6 billion euros ($8 billion) and 8
billion euros for RAG, company spokeswoman Barbara Mueller said
today. The Essen, Germany-based company operates coalmining,
property, energy and chemicals businesses.
Read more at Bloomberg Bonds News
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