Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, August 29, 2014

Carlyle Group to pay $115 million in LBO collusion settlement -source, (NASDAQ: CG)

Carlyle Group LP agreed to pay $115 million to settle a lawsuit that accused it and several other large private equity firms of conspiring not to outbid each other on takeovers prior to the financial crisis, according to a source familiar with the matter. Carlyle was the only private equity firm among those still facing trial not to have settled

Shares of CG traded higher by 0.09% or $0.03/share to $33.26. In the past year, the shares have traded as low as $24.95 and as high as $39.38. On average, 382400 shares of CG exchange hands on a given day and today's volume is recorded at 178915.