Will Goldman Win Another Back Alley Deal?
Goldman Sachs Group Inc. (NYSE:GS) is among firms that could gain by the global plight of MF Global Holdings Ltd. (NYSE:MF). Buying a portion, or all of MF Global (NYSE:MF) might create for them to make a sweeping profit.
After reporting its biggest quarterly loss ever and having its credit ratings cut by Moody’s Investors Service, MF Global (NYSE:MF) is exploring strategic options, including a potential sale. The firm needs to generate liquidity and find a partner with excess capital and a “sizeable” trading operation. Goldman Sachs (NYSE:GS) and Citigroup Inc. (NYSE:C), both based in New York, would be potential buyers. Evercore Partners Inc. (NYSE:EVR), might also show interest in a deal with MF. Evercore (NYSE:EVR) may be interested in providing advisory clients with the ability to increase funds through a fixed-income trading platform.
“It wouldn’t surprise me at all if Evercore (NYSE:EVR) jumped up as a company that was going to acquire them,” he said. Such a deal might not resolve MF Global’s (NYSE:MF) liquidity needs, he said,” according to Bloomberg.