The private equity firm said it was delaying the purchase of a publicly listed affiliate until next year, a step it was to take before it could go public itself.
The private equity firm said it was delaying the purchase of a publicly listed affiliate until next year, a step it was to take before it could go public itself.
A.I.G. was racing to arrange a $75 billion line of credit after major credit agencies cut their ratings on its debt.
The Federal Reserve is said to have asked two investment banks to put together $75 billion in loans to help prop up A.I.G.
As rank-and-file employees confronted an uncertain future, top executives huddled in all-day meetings and braced for takeover bids, expected by Saturday afternoon.
The decision to go public is the latest twist for Kohlberg Kravis Roberts & Company, a firm that helped invent an entire industry.
Governments are overcoming their wariness of private funds as they struggle to finance public improvements.
Cleaning up road kill and maintaining runways may not sound like cutting-edge investments. But banks and funds with big money seem to think so.
Cleaning up road kill and maintaining runways may not sound like cutting-edge investments. But banks and funds with big money seem to think so.
The plan would value the storied private equity firm at $12 billion to $15 billion and is part of a complex deal in which it will buy its publicly traded affiliate, KKR Private Equity Investors.
Kohlberg Kravis Roberts & Company, the storied private equity firm, is preparing to finally become a public company on the New York Stock Exchange, people briefed on the plan said Sunday.