TITLE

Bonds' new 'Event Risk'

AUTHOR(S)
Satgent, Carolyn
PUB. DATE
April 2005
SOURCE
Investment Dealers' Digest;4/25/2005, Vol. 71 Issue 16, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that as private equity players raise bigger and bigger slugs of money, witness the record-size funds announced in the last month by Goldman Sachs & Co. and Carlyle Group, "event risk" is increasingly being talked about among credit investors, particularly those holding triple-B and double-B paper. Bondholders must also contend with the growing possibility of mergers and acquisitions. In an economy that now appears to be slowing, companies with fat cash balances that see their organic growth get clipped could increasingly seek to buy that growth through acquisition.
ACCESSION #
16847812

 

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