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Northrop's (NOC) TASC sale speaks to the return of the LBO of a new ilk. Four banks - Barclays...

Northrop's (NOC) TASC sale speaks to the return of the LBO of a new ilk. Four banks - Barclays (BCS), Royal Bank Of Canada (RY), Deutsche Bank (DB) and a lending unit of the Canada Pension Plan - are providing senior debt of well under $1B to fund the buyout, a figure that would have been a rounding error for one bank during the credit boom.
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Comments (1)
  • tripleblack
    , contributor
    Comments (13569) | Send Message
     
    Sad. Like watching a row of cringing little kids lined up to start swimming lessons, sticking their toes one by one into the cold water.
    8 Nov 2009, 04:51 PM Reply Like
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