Goldman Talks Loan to Alcatel, KKR Buys Alliant Insurance: Financial Business Review

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Inside sources say that the network equipment supplier Alcatel-Lucent (NYSE:ALU) is in discussions with Goldman Sachs Group (NYSE:GS) in regards to a loan through which to reinforce the company’s unprofitable balance sheet. Terms under talks concern the bank awarding Alcatel-Lucent funding of an unreported amount while the firm would be required offer some assets as collateral. The sources added that an agreement has not yet been finalized.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

The top worldwide investment company Kohlberg Kravis Roberts & Co. (NYSE: KKR) will purchase Alliant Insurance Services, the largest specialty insurance brokerage company, from The Blackstone Group (NYSE: BX). The financials of the transaction were not reported. The management team and employees of Alliant own about 45 percent of the firm and will roll over a significant portion of their investment upon completion of the deal.

Don’t Miss: Too Big to Fail: AIG Continues Global Expansion.


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business