Anonymous sources
Crain's Detroit Business
CVC Capital Partners said to be in advanced talks to buy control of AlixPartners - Crain's Detroit Business
The companies may announce an agreement as soon as next week, said the person, who declined to be identified because a decision hasn't been made. Hellman & Friedman LLC is selling its controlling stake in AlixPartners, known for its corporate ...
Grede Holdings said to seek $250 million loan for dividend - Crain's Detroit Business
The debt will pay 5 percentage points to 5.5 percentage points more than the London interbank offered rate, said the person, who declined to be identified because the terms are private. Libor, a rate banks say they can borrow in dollars from each other ...
Beaumont recruits for new chiefs - Crain's Detroit Business
"We are a teaching hospital (in Royal Oak) that is moving toward more of an academic medical center model," said one Beaumont physician, who asked not to be identified. Another Beaumont physician said: "They want physicians who teach, publish and do ...
Cut! When film credits dried up, so did Raleigh's payments - Crain's Detroit Business
"It really all depends on the state of Michigan and whether or not they're going to honor their commitment, made in 2008, to support the film industry," the source said. "The studio was built based on that commitment. (If) the state pulls their ...
Fraud settlement has DMC pursuing doctors for paybacks - Crain's Detroit Business
One doctor, who did not want to be identified for fear of losing a lease at a DMC-owned medical office building said she received an initial bill for $13000 for two computers, two monitors and a printer that is now 14 years old.
Sergio Marchionne buys 2 homes in Commerce Township - Crain's Detroit Business
He will be creating a secure "compound" for security, the source said. The smaller house will be used as a guest home of sorts. Gualberto Ranieri, senior vice president of communications for Chrysler Group, would not comment on the topic.
Pricing probe costs trickle to small suppliers - Crain's Detroit Business
... a company adhering to an "effective corporate compliance program" is eligible to receive leniency in cases such as this, said a Southeast Michigan lawyer close to the case, who spoke to Crain's on the condition of anonymity.
Snyder not yet on board with M1 - Crain's Detroit Business
Two sources with knowledge of the situation told Crain's on the condition of anonymity that Snyder is concerned that the investor group known as M1 Rail cannot build its 3.4-mile line between Hart Plaza and New Center on Woodward Avenue for the $125 ...
M1 Rail back where it started - Crain's Detroit Business
"Everyone knew that the regional bus plan was the only plan that was going to garner the support of the county executives," the source said. "And because of that, LaHood brought Dave Bing to the table to say, "Look, you don't have the financial ...
Universities: Veto bill banning partner benefits - Crain's Detroit Business
A university official who wanted to remain anonymous said, "The vast majority of operating budgets don't come from the state," the source said. "The few dollars spent on these benefits are coming from tuition fees or housing, but they (government) ...
MARY KRAMER: New problems, same old culture? - Crain's Detroit Business
First, a person close to the creation of the public authority that now runs Cobo Center told me that in the early negotiations, Wayne County tried to set as a condition for its approval that a local construction company would get a no-bid contract for ...
More large UAW locals OK Chrysler contract as voting ends today - Crain's Detroit Business
... in Detroit and Sterling Heights assembly plants, which collectively represent more than 5000 hourly workers, voted to ratify the deal last Friday, according to the UAW official, who asked not to be identified because the information is private. ...
New group's plan: Link Detroit to Halifax, future mega-ships - Crain's Detroit Business
A Halifax port spokeswoman, who declined to give her name, said the harbor now handles ships carrying 5000-7500 TEUs. Maersk E Series of mega-container ships from Denmark's AP Moller-Maersk Group -- the sort of ships the Great Lakes Global Freight ...
Turkia Awada Mullin said to be next CEO of Metro airport - Crain's Detroit Business
... Wayne County's chief economic development officer, is expected to be recommended Tuesday as the next CEO of the board that oversees Detroit Metropolitan Airport, a source with knowledge of the situation told Crain's on condition of anonymity. ...
Aluminum Bottleneck: Coke's complaint: 12% of global stockpile held here ... - Crain's Detroit Business
"These warehouses hire all kinds of guys to move the metal in quickly but have two guys sitting on a forklift to move it out of the warehouse," said the head of metal brokering for a New York-based trading firm who spoke on the condition of anonymity. ...
Lincoln's $1 million ultimatum: Large-market dealers are told to renovate or ... - Crain's Detroit Business
"Every dealer is different and has different levels of renovation," said a dealer who attended the meeting and asked not to be named. "That's a ballpark average of what has to be done out there." Dealers who choose to continue selling Lincolns must ...
'Shocking' bargain: Gores pays $325 million for Pistons - Crain's Detroit Business
One insider familiar with pro sports franchise sales, who spoke on the condition of anonymity, was flabbergasted at what Gores paid to assume majority ownership from Karen Davidson. "That is a shocking price," he said. "If he got the team and the real ...
'Shocking' bargain: Gores pays $325M for Pistons - Crain's Detroit Business
One insider familiar with pro sports franchise sales, who spoke on the condition of anonymity, was flabbergasted at what Gores paid to assume majority ownership from Karen Davidson. "That is a shocking price," he said. "If he got the team and the real ...
Former GM exec Roy Roberts to succeed Robert Bobb as Detroit schools ... - Crain's Detroit Business
A source close to the issue said Roberts will replace DPS emergency financial manager Robert Bobb and is expected to be introduced at a 2:30 pm press conference in Snyder's Southeast Michigan office in Detroit. Roberts is expected to transition into ...
Metaldyne said to seek $355 million term loan for refinancing - Crain's Detroit Business
The company will host a meeting Wednesday morning in New York to discuss the deal, said the people, who declined to be identified because the talks are private. Lenders to Plymouth-based Metaldyne's six-year loan will get 101 soft-call protection for ...
The Incredible Husk: 175 liens and 60 law firms later, Bloomfield Park ... - Crain's Detroit Business
Total legal bills in all the cases since construction stopped could be well above $5 million, according to estimates from attorneys in the cases who asked not to be identified. "Clearly everyone believes the property is worth significantly less than it ...
Asset Acceptance said to seek refinancing of $250 million in loans - Crain's Detroit Business
JPMorgan Chase & Co. is arranging the debt, which will refinance $250 million of facilities put in place in 2007, said the person, who declined to be identified because the terms are private. The Warren, Michigan-based company has about $133 million ...
W Trouble: Debt crashes W Industries; Tower buys up the pieces - Crain's Detroit Business
The story of W Industries is a classic case of a family-owned business that assumed too much risk too quickly in pursuit of higher revenue and profits, sources familiar with its situation, who spoke on the condition of anonymity, told Crain's. ...
Gores puts skin in game on Pistons sale - Crain's Detroit Business
The reality, the source said, is that Gores himself is buying the Pistons from Karen Davidson and a group of minority owners in a deal expected to close by June 30. "This is a sale of the team to Tom Gores with Platinum investing some of its money," ...
Suppliers could see new attitude from Chrysler on prices - Crain's Detroit Business
"He spent five hours in a casual environment with Q&A from the audience," said the executive, who asked not to be named. "None of those guys would have put themselves front and center in front of suppliers in a noncontrolled way. ...