Carlyle Capital rallies on compensation hopes |
| MarketWatch - Mar 14, 2008 |
Shares of Carlyle Capital Corp. rallied Friday, gaining after the co-founder of private-equity giant Carlyle Group pledged to look at options for compensating investors in the stricken fund.
David Rubenstein told the Financial Times that Washington-based Carlyle Group is examining the legal issues surrounding compensating shareholders in Carlyle Capital.
And in an interview with the New York Times, Rubenstein said he wanted to "make amends" to investors, adding that Carlyle Group is looking at ways to recover some capital from the fund.
Carlyle Capital's shares nearly doubled to 69 cents a share, but they're still down nearly 95% since the fund first announced it had missed some margin payments to lenders.
Read Full Article from MarketWatch
- Posted: 2008-03-14 10:03:53
| More Stock Investor Place Financial News |
 |
|
|
|
| Stock Investor Place Financial News Archive |
|
|
|
