The Story Of Duane Reade

Andrew Ross Sorkin has a wonderful piece on the story of Duane Read, the Manhattan based drug store chain with 257 stores in the New York Area that was acquired by Walgreen’s (WGN) last Wednesday, in today’s New York Times:…

Harrah’s LBO Teetering

The problem is that this is worse than the worst-case scenario. – An executive closely involved with the Harrah’s LBO on the worst case scenarios factored into their models at the time of the deal, quoted in “Harrah’s Changes Its…

The Credit Crunch Is Here: I-Banks Fail To Sell Bonds and Loans To Finance Chrysler and Alliance Boots LBOs

All you really need to read to understand today’s market crash is an article on the front page of The Wall Street Journal titled: “Banks Delay Sale of Chrysler Debt As Market Stalls” (subscription required).  If you really want to…