O'Keefe in the News

Icahn’s Federal-Mogul bid likely part of profit plan

Icahn’s Federal-Mogul bid likely part of profit plan

September 11, 2016

As published by Dustin Walsh, Crain’s Detroit Business Experts say $281 million offer an exit play Billionaire investor Carl Icahn is taking Southfield-based auto supplier Federal-Mogul Holdings Corp. private after months of raising his offer price to the company’s other shareholders…. Continue Reading  

The Case for the American Mall – Malls aren’t dying. They’re changing.

The Case for the American Mall – Malls aren’t dying. They’re changing.

August 2, 2016

As published by Stephie Grob Plant, racked.com The customer isn’t always right. For example, the management at South Coast Plaza would prefer that you, or I, or any visitor for that matter, not refer to the mammoth complex as “a… Continue Reading  

Detroit’s USD 615m bond deal helped by market, held back by Michigan

Detroit’s USD 615m bond deal helped by market, held back by Michigan

August 2, 2016

As published by Gunjan Banerji, debtwire.com A beefed-up bond security structure laid out in offering documents, alongside high demand for municipals, has allowed Detroit to bring a USD 615m bond deal, said market participants. However, a complex financial relationship with Michigan could hurt… Continue Reading  

5Qs: Patrick O’Keefe on Michigan Municipalities and Education Reform

5Qs: Patrick O’Keefe on Michigan Municipalities and Education Reform

July 18, 2016

As published by DBusiness Daily News Patrick O’Keefe, founder and CEO of O’Keefe LLC, a Bloomfield Hills-based consulting firm, was selected to provide financial reform consulting to Michigan municipalities three years ago. In turn, he has examined public education to… Continue Reading  

Still early for oil-related muni bankruptcies, but pain may be ahead

Still early for oil-related muni bankruptcies, but pain may be ahead

June 16, 2016

As published by Caitlin Devitt, debtwire.com It’s still early for distressed oil-dependent municipalities to consider restructuring or bankruptcy, but the double-digit drop in sales tax revenue afflicting some cities could foreshadow bigger pain next fiscal year, according to municipal restructuring… Continue Reading  

Detroit Public Schools’ restructuring will require USD 214m refinancing of state aid notes

Detroit Public Schools’ restructuring will require USD 214m refinancing of state aid notes

June 10, 2016

As published by Gunjan Banerji, debtwire.com Detroit Public Schools’ USD 214m in Series 2011 and Series 2012 state aid notes will be refinanced as the distressed district splits into an “old” district and “new” district, Jeremy Sampson, a spokesperson for the… Continue Reading  

China’s Joyson closes on Key Safety Systems deal, eyes Takata acquisition

China’s Joyson closes on Key Safety Systems deal, eyes Takata acquisition

June 3, 2016

As published by Dustin Walsh, Crain’s Detroit Business Key Safety CEO says company is in the hunt for more acquisitions China’s Ningbo Joyson Electronic Corp. is interested in acquiring embattled airbag supplier Takata Corp. Joyson is looking to build on its… Continue Reading  

Pontiac School District restructures USD 10m emergency loan

Pontiac School District restructures USD 10m emergency loan

April 21, 2016

As published by Gunjan Banerji, debtwire.com Pontiac School District secured yesterday the approval of the Michigan Treasury to restructure a USD 10m emergency loan from the state, said Jeremy Sampson of the Treasury’s office. The terms of the loan will remain the same… Continue Reading  

After father’s death, Surnow’s sons build a family plan in real estate

After father’s death, Surnow’s sons build a family plan in real estate

March 28, 2016

As published by Kirk Pinho, Crain’s Detroit Business Sam Surnow has his hands in $107 million worth of new development projects in Royal Oak and Birmingham and a real estate ownership and management company with a portfolio valued at $275… Continue Reading  

What will developers pay for ‘hot spot’ building near new Detroit Red Wings arena?

What will developers pay for ‘hot spot’ building near new Detroit Red Wings arena?

March 1, 2016

As published by Mlive Bids are due Friday, March 4, for an outdated municipal office building on the edge of a sizzling hot redevelopment zone of Detroit. The building at 640 Temple is located midway between the new $627 million… Continue Reading