NYT Dealbook reports that Bain Capital and Goldman's private equity division have settled an antitrust suit, breaking ranks with the other private equity defendants. The allegations involve PE firms essentially colluding on the price they were willing to pay for target companies, thereby denying shareholders of potentially higher takeover bids.
I haven't heard much about this suit before the settlement. Have any incriminating documents come to light to trigger the settlement? Where is the DOJ?
I haven't heard much about this suit before the settlement. Have any incriminating documents come to light to trigger the settlement? Where is the DOJ?
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