cerberus capital
Union wins $575M pension deal from Albertsons, Cerberus Capital
Billionaire Steve Feinberg just went toe-to-toe with the labor unions — and he blinked. The secretive boss of Cerberus Capital Management — the buyout fund that owns grocery giant Albertsons...
Nexstar is leading bidder for TV-station giant Tribune Media
Nexstar Media Group has emerged as the leading bidder for Tribune Media as it angles for a deal to create the nation’s biggest owner of local TV stations, The Post...
ION Media joins Cerberus and Hicks in bid for Tribune Media
The auction of TV broadcasting giant Tribune Media is heating up. ION Media — a privately held operator of 70 stations across the US — has joined buyout firm Cerberus...
Trump-loving super PAC chairman might buy Tribune Media
Tribune Media and its 42 TV stations have a new suitor — and this one likes President Trump, too. The owner of local TV stations like WPIX in New York...
Latest military mess causing trouble for Feinberg’s private equity firm
Steve Feinberg’s big bets on war and weapons have gotten him into another financial mess – and this time his troubles are stoking concerns about potential conflicts of interest as...
Avon fired exec after she revealed high-risk pregnancy: suit
Avon fired a female executive less than a month into her new job after she asked to work from home temporarily because of a high-risk pregnancy, according to a lawsuit....
Cereal maker Post near deal to sell private-label division
Post, the maker of Raisin Bran and Grape Nuts breakfast cereals, is close to a deal to sell its private-label food business, The Post has learned. Post Holdings could receive...
Trump taps billionaire Stephen Feinberg for Intel Advisory Board
Billionaire New York investor Stephen Feinberg is President Trump’s pick to lead his Intelligence Advisory Board, the White House said Friday. Feinberg’s $30 billion company, Cerberus Capital Management, owns military...
Remington bankruptcy is latest hit for Cerberus Capital
Stephen Feinberg hasn't had a happy time playing with guns. The long-anticipated Chapter 11 filing of Remington Outdoor, owned by Feinberg’s Cerberus Capital, is just the latest bit of trouble...
Sycamore Partners is in advance talks to buy Staples
Private equity firm Sycamore Partners is in advanced talks to acquire Staples following an auction for the US office supplies retailer, people familiar with the matter said on Wednesday, in...
Two buyout firms 'actively exploring' deal to buy Staples
Cerberus Capital Management and Sycamore Partners are the two private equity firms actively exploring an acquisition of Staples, people familiar with the matter said on Tuesday. The office-supplies retailer has...
Cerberus, Sun Capital may fight over fate of women's retailer
If you want a friend get a dog — just not a three-headed hound. Steven Feinberg’s Cerberus Capital and Marc Leder’s Sun Capital, two private equity powerhouses with a long...
Goldman Sachs finally gets comfortable with guns
Lloyd Blankfein’s Goldman Sachs has found its comfort level with guns. The bank is playing a key role in Bass Pro Shops’ agreement to buy rival outdoors retailer Cabela’s for...
Ailing Avon sells majority stake in North American business
Avon, the nearly 130-year-old cosmetics company that got its start peddling perfumes door-to-door, is selling the majority of its North American business. The New York-based company said Thursday that buyout...
Gunmaker staring down $1B in debt as gun sales slump
Cerberus Capital Management’s bet on America’s biggest gunmaker has backfired. After rolling up several famous firearm makers and rebranding them as Remington Outdoor Co., Cerberus will have trouble unloading its...
Can you save me now? RadioShack plays hardball with cell carriers
RadioShack is locked in hardball negotiations with cellular phone providers as it scrambles to avoid a bankruptcy filing, The Post has learned. The cash-strapped electronics retailer, which generates nearly half...
Lender sends mixed signals about RadioShack's bankruptcy
RadioShack is confused by the mixed signals of a lender that flip-flopped to push the troubled retailer into bankruptcy. Salus Capital — which joined Cerberus Capital Management — now claims...
RadioShack stocks plummet after lenders claim breach
RadioShack is getting static from its lenders again — and at the worst possible time. The cash-strapped electronics chain said it got a notice from lenders Salus Capital and Cerberus...
Cerberus out of the military facilities business
Cerberus Capital Management has lost its ownership of money-losing military facilities contractor, IAP Worldwide Services, to creditors. “They are basically out,” a source close to the process said. Stephen Feinberg ’s...
Creditors to seize Pentagon-hobbled IAP
Pentagon budget cuts have Cerberus Capital Management’s Stephen Feinberg wanting out of the military. Cerberus, the private-equity powerhouse run by the 53-year-old investor, is “very close” to relinquishing control of...