Reuters – Judge May Block TCW Sale to Carlyle

A federal judge in Los Angeles has issued a tentative ruling that could block a sale of asset manager TCW Group to private equity firm The Carlyle Group. If TCW is not successful in convincing the judge otherwise, the ruling may become final, Reuters wrote. The tentative ruling stems from a lawsuit filed in August by EIG Global Energy Partners LLC to block the sale of TCW to Carlyle. Earlier in August, Paris-based Societe Generale agreed to sell its stake in TCW to Carlyle and TCW management and employees.

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