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Apollo, Centerbridge Said To Bid On Loan Servicer CW -Bloomberg

DOW JONES NEWSWIRES Apollo Global Management LP and Centerbridge Capital Partners LLC have put in competing bids for CW Financial Services, Bloomberg News reports Thursday, citing two people with knowledge of the New York buyout firms' offers. CW Financial unit CW Capital Asset Management services billions of dollars' worth of delinquent U.S. commercial real estate loans. Berkadia Commercial Mortgage LLC, a partnership between Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) and Leucadia National Corp. (LUK), is also considering whether to bid for the New York company, Bloomberg quoted a third person familiar with the matter as saying. CW Financial could fetch more than $200 million from its auction, which is being handled by Beekman Advisors, one of the sources said. Officials at Apollo and Centerbridge declined to comment, as did representatives for CW Financial, Berkadia and Beekman, Bloomberg said. CW Financial, which invests in and finances commercial real estate projects, is majority-owned by a unit of Caisse de Depot et Placement du Quebec, the biggest pension fund manager in Canada. Full story at http://www.bloomberg.com/apps/news?pid=20601087&sid=aO2YvcgiKHEc&pos=6 -Dow Jones Newswires; 212-416-2900

Stock News for Leucadia (LUK)
DateTimeHeadline
05/27/201508:02:24Current Report Filing (8-k)
05/26/201518:07:37Statement of Changes in Beneficial Ownership (4)
05/26/201518:05:13Statement of Changes in Beneficial Ownership (4)
05/26/201518:05:13Statement of Changes in Beneficial Ownership (4)
05/26/201518:04:20Statement of Changes in Beneficial Ownership (4)
05/26/201518:04:20Statement of Changes in Beneficial Ownership (4)
05/26/201518:03:27Statement of Changes in Beneficial Ownership (4)
05/26/201518:02:35Statement of Changes in Beneficial Ownership (4)
05/26/201518:01:15Statement of Changes in Beneficial Ownership (4)
05/21/201515:39:00Leucadia National Corporation Announces Quarterly Cash Dividend
05/20/201512:15:10What Is the S&P 500 Index?
05/12/201520:06:32Banks Rethink Common Sales Tricks
05/11/201512:09:01Form 13f Holdings Report (13f-hr)
05/08/201508:37:57Quarterly Report (10-q)
05/08/201508:27:21Current Report Filing (8-k)
05/08/201508:22:00Leucadia National Corporation Announces First Quarter 2015 Results
05/06/201520:17:26Wingstop Files for IPO to Raise Up to $86.25 Million
05/01/201511:19:02Whatâs Your Edge?
04/21/201511:27:14Omnicom's Profit Rises Despite Currency Effects -- Update
04/20/201517:46:26FXCM to Focus on Wholesale Business

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