Private Equity
UPDATE 1-Ares Management slashes IPO size as demand wanes
May 1 (Reuters) – Ares Management LP could raise only about half of what it had intended from its initial public offering as weak demand led the investment firm to cut the offering size and price…
UPDATE 1-Texas’ Energy Future, creditors square off in bankruptcy hearing
WILMINGTON, Del, May 1 (Reuters) – The largest power company in Texas, Energy Future Holdings Corp, began its bankruptcy turnaround by securing approval for an interim loan after seven hours of…