US court widens collusion probe of 2005-2007 mega deals
The mega “club deals” between some of the big global buyout firms during the 2005-2007 boom period have been put under wider scrutiny in a US antitrust lawsuit. The four-year-old case accuses 11 firms, including Blackstone Group and KKR, of colluding to drive down the prices of these joint transactions. Initially the case was limited to 17 deals, but a Federal District Court judge has ruled that plaintiffs can information about 10 additional buyouts, The New York Times reported.
Transactions now subject to investigation include the acquisitions of Harrah's Entertainment, Univision, Clear Channel and Toys "R" Us, as well as the largest buyout ever seen - the $44 billion takeover...
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