Buyout firms circling Regions Morgan Keegan brokerage unit lowered bids by at least $200 million after financing markets deteriorated and MF Global Holdings Ltd. filed for bankruptcy, according to people with direct knowledge of the process. Thomas H. Lee Partners LP and Jeffrey Greenberg’s Aquiline Capital Partners LLC submitted the highest offer at about $750 million, […]
Investors who purchased MF Global 6.250% Senior Notes due 2016 offered for sale in August of 2011 may wish to seek counsel to understand more about their potential rights. The note offering consisted of $325 million in aggregate principal amount of 6.250% Senior Notes due 2016. Jefferies served as the sole book-running manager for the offering, with BofA […]
A government regulator said in court Wednesday that roughly $600 million is missing from the books of bankrupt brokerage MF Global. “MF Global has discovered a shortfall of segregated accounts of around $600 million,” a lawyer with the Commodity Futures Trading Commission said, adding that this is a preliminary figure that could increase. The FBI […]
A batch of MF Global bonds traded at about 48 cents on the dollar Monday afternoon, according to MarketAxess, a sign that investors expect the bankrupt company’s bond holders will only get about half their money back. A week ago, the same batch of bonds issued by MF Global in August were trading at 88.5 […]
Federal regulators have discovered that hundreds of millions of dollars in customer money has gone missing from MF Global in recent days, prompting an investigation into the company’s operations as it filed for bankruptcy on Monday, according to several people briefed on the matter. The revelation of the missing money scuttled an 11th hour deal […]