Friday, October 02, 2009

Cerberus hits Homerun with Talecris

Cerberus gets medicine from Talecris IPO - MarketWatch

It is great to see the capital markets open again for NC companies.

Cerebus hit about a 23 bagger with this one.
Investment of $82.5M nets a gain of about $1.8B.

The firm plans to spend about $750M of the $950M in proceeds on "improving manufacturing facilities".

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