A-Rod, Marc Lore Won't Buy Controlling Stake in NBA's Timberwolves [Yahoo! Finance]
The Carlyle Group Inc. (CG)
Last the carlyle group inc. earnings: 4/30 06:40 am
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Source: Yahoo! Finance
Most Read from Bloomberg London Insurers Face Baltimore Bridge Payouts Worth Billions Dubai Is Losing Its Allure for Wealthy Russians Biden Gains Ground Against Trump in Six Key States, Poll Shows China Property Crisis Is Rippling Through Its Biggest Banks UBS Banker's Frustration Exposes Cracks in World of Climate Finance The option for the investors to acquire a controlling interest has expired, according to a statement from the team. Lore and Rodriquez had 90 days to close a deal under the terms of their agreement. Lore and Rodriguez agreed to buy the Timberwolves at a valuation of $1.5 billion in the spring of 2021. The deal called for the pair to buy the team in three installments, beginning with a 20% stake that year. Lore and Rodriguez acquired another 20% in 2023 and were due to make payment on a final 40% and take control of the team on March 27. However, issues arose over the final installment. Rodriguez and Lore tapped the Carlyle Group for $300 million to
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CG
Earnings
- 2/8/24 - Miss
CG
Sec Filings
- 4/18/24 - Form ARS
- 4/18/24 - Form DEF
- 4/18/24 - Form DEFA14A
- CG's page on the SEC website