Servicemaster To Be Acquired
Servicemaster Co. (SVM) was the target of a $4.5 billion bid from private equity firm Clayton, Dubilier & Rice. The stock price climbed $1.68 to close at $15.15.
posted by FC Market News at 9:08 AM
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Just to put matters in perspective: Los Angeles private equity and buyout group, Blackstone, is valued at around US$40 billion. It has US$78.7 billion of assets under management. Another US private equity firm, the Carlyle Group, has US$54.5 billion under management and is now raising a US$15 billion leveraged buyout fund in the US.
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