financetom
Business
financetom
/
Business
/
Market Chatter: Genstar in Talks to Buy Controlling Stake in First Eagle
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Genstar in Talks to Buy Controlling Stake in First Eagle
Feb 24, 2025 11:56 AM

02:43 PM EST, 02/24/2025 (MT Newswires) -- Genstar Capital, a private equity firm, is in talks to buy a controlling stake in First Eagle Investment Management, currently majority-owned by Blackstone (BX) and Corsair Capital, Bloomberg reported Monday, citing people with knowledge of the matter.

Any transaction that may materialize would value First Eagle at more than $4 billion.

Genstar and First Eagle did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 158.81, Change: +0.43, Percent Change: +0.27

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Saudi Arabia may cut oil prices for Asia for second month in August
Saudi Arabia may cut oil prices for Asia for second month in August
Jun 28, 2024
SINGAPORE (Reuters) - Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in Middle East benchmark Dubai, trade sources said on Friday. The potential price reduction for Asia, which accounts for about 80% of Saudi's oil exports, underscores the pressure faced by OPEC producers as non-OPEC...
Renalytix Requests Hearing With Nasdaq to Maintain Listing
Renalytix Requests Hearing With Nasdaq to Maintain Listing
Jun 28, 2024
03:32 AM EDT, 06/28/2024 (MT Newswires) -- Renalytix ( RNLX ) said Thursday it has submitted a request for a hearing with Nasdaq to present a plan to regain compliance with the stock market's listing requirements. The company said it has been notified that it has been out of compliance with Nasdaq minimum closing share price and market value requirements....
Brookfield's Spanish renewables unit draws bidders, Cinco Dias reports
Brookfield's Spanish renewables unit draws bidders, Cinco Dias reports
Jun 28, 2024
MADRID, June 28 (Reuters) - Four bidders - China Three Gorges, UAE firm Masdar and French energy companies Engie and Total are expected to file final offers to buy Spanish renewables firm Saeta Yield, newspaper Cinco Dias reported on Friday. Saeta Yield, owned by Canadian fund Brookfield, is valued at an estimated 1.7 billion euros ($1.82 billion)including debt, the Spanish...
Carvana Insider Sold Shares Worth $18,764,907, According to a Recent SEC Filing
Carvana Insider Sold Shares Worth $18,764,907, According to a Recent SEC Filing
Jun 28, 2024
03:19 AM EDT, 06/28/2024 (MT Newswires) -- Ernest C. Garcia II, 10% Owner, on June 25, 2024, sold 150,000 shares in Carvana ( CVNA ) for $18,764,907. Following the Form 4 filing with the SEC, Garcia has control over a total of 78,394,152 shares of the company, with 42,229,817 shares held directly and 36,164,335 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1690820/000095017024078692/xslF345X03/ownership.xml Price:...
Copyright 2023-2026 - www.financetom.com All Rights Reserved