Politics in the Zeros (Free subscription) | 08/18/2008
So says billionaire LBO specialist Wilbur Ross. This is probably a real good time to not have over the insured amount (generally $100,000) in any bank, especially not in a small bank. The FDIC quite rightfully says no one has lost a penny in an insured account since they began in the 1930’s.
Business Week (Free subscription) | 08/15/2008
India's stock market has cooled down enough to suit Ross, who is buying $80 million of SpiceJet's convertible debt
Glick Report (Free subscription) | 08/14/2008
So I bait you yesterday with my Goldman blog about how much I loved yesterday’s guest lineup, and then I forget to post this blog about Wilbur Ross. Age… it can do wonders to your brain cells! Yesterday on The Opening Bell, billionaire investor Wilbur Ross joined me to discuss his last couple of investments, how [...]
Indian Express (Free subscription) | 08/12/2008
The country's second-largest budget carrier, SpiceJet, on Monday signed an agreement with US billionaire Wilbur Ross and Goldman Sachs to receive over $100 million to finance its operational requirements.
India: Economic Growth & Developmen (Free subscription) | 08/11/2008
US private equity investor Wilbur Ross and Goldman Sachs will invest $100 million (around Rs 420 crore) in Indias second-biggest budget carrier SpiceJet under a definitive agreement signed URL: Ross, Goldman to invest $100m in SpiceJet
Aviation India (Free subscription) | 08/09/2008
Mumbai: Budget carrier SpiceJet, which received an $80-million investment commitment from billionaire investor Wilbur Ross last month, has said the company was not in talks with any other investor. There were reports that Vijay Mallya-owned Kingfisher Airlines may be investing in the company following a delay in the transaction with Ross. The deal with Ross is “alive” and will be concluded within a...
Aviation India (Free subscription) | 08/08/2008
New Delhi: While SpiceJet is working out the $80 million deal with US distress fund owner Wilbur Ross, a leading Indian airline, it is learnt, has again approached the low-cost carrier (LCC) to consider its offer for a buyout. Though the market buzz is that Vijay Mallya-owned Kingfisher contacted some senior SpiceJet officials on Wednesday, a spokesperson of Kingfisher, when contacted, did not want...
Climateer Investing (Free subscription) | 08/06/2008
On July 22 AGO got hammered, opening at $8.67, down from the prior day's $18.02 close. We posted " Wilbur Ross takes a beating on Assured Guaranty (AGO) " which quoted Notable Calls as saying : " . .Notablecalls: I suspect AGO may be a buy here around $10 as.. .", it closed at $11.32. The stock drifted back down to $10.37 on the 28th and closed yesterday at $14.41. All this is preamble (I know, emphasis...
New York Post (Free subscription) | 07/23/2008
Threats of another round of rating downgrades put billionaire Warren Buffett ahead of vulture investor Wilbur Ross in the match of the bond insurers. In Buffett's corner is Berkshire Hathaway Assurance Corp., the newcomer to the bond insurance...
Climateer Investing (Free subscription) | 07/23/2008
From Fortune : The mortgage mess has claimed another high-profile victim. Investor Wilbur Ross saw more than $100 million go up in smoke after Moody’s said it would review the rating of Assured Guaranty ( AGO ), the bond insurer Ross bought into earlier this year. The news that Moody’s might yank Assured Guaranty’s triple-A insurer financial strength rating sent shares of the Bermuda-based company...
Aviation India (Free subscription) | 07/18/2008
New Delhi : Low-cost carrier SpiceJet remains open to consolidation even after the recent infusion of $80 million by American distress fund owner Wilbur Ross. The airline's director Ajay Singh told TOI these funds mean that the airline has adequate working capital but if a consolidation adds value to shareholders, they will look at it. "I am not ruling out any future consolidation - whether we are...
Aviation India (Free subscription) | 07/16/2008
New Delhi: Wilbur Ross Jr.'s latest deal, an $80 million investment in the flailing Indian airline SpiceJet announced Tuesday, is hardly earth-shaking. But the idea behind it is. Ross, a contrarian, has decided that high oil prices have hit bubble territory, a bubble that should pop in the next 12 months. In the search for new investments, "we're looking at everything that has been hurt by fuel," he...
Law Blog - WSJ.com (Free subscription) | 07/16/2008
U.S. billionaire Wilbur Ross has agreed to invest about $80 million in Indian discount-carrier SpiceJet through his New York-based investment vehicle.
Indian Express (Free subscription) | 07/16/2008
Ending weeks of speculations, American private equity firm W L Ross & Co today said it would invest $80 million...
The Telegraph India (Free subscription) | 07/16/2008
New Delhi, July 15: Low-cost carrier SpiceJet Limited today said US billionaire investor Wilbur Ross was planning to invest $80 million in the airline.
