Wednesday, June 27, 2007

Investor Carl Icahn says LBO boom has "peaked"

(Reuters) - "They've had a walk in the park for years, but now
shareholders are waking up to the fact that we're not going to
sell it to you so cheap," Icahn told a "Deals and Dealmakers"
conference sponsored by Dow Jones, referring to LBO firms that
take companies private. "And interest rates could start
creeping up."




Icahn, who is known for pressuring companies for strategic
and management changes, said "I think it's peaked," referring
to the private equity boom.


Read more at Reuters.com Mergers News

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