Restaurant operator Ruby Tuesday Inc (RT.N) said on Monday it would explore strategic alternatives, including a potential sale or merger sending its shares up after the bell, Reuters reported.
1 min read · 14 March 2017
U.S. networking software company Citrix Systems Inc has been exploring strategic alternatives including a potential sale, Reuters reported.
1 min read · 14 March 2017
Shareholders to Spanish sports management company Dorna Sports are set to take a third payout from the company in six years as they prepare to launch an €889 million-equivalent (US$948.16 million) dividend recapitalization, banking sources told Reuters. Bridgepoint bought Dorna in 2006 from CVC and in 2013, Canada Pension Plan Investment Board made a 39 percent equity investment in the company. In 2011, Dorna conducted a €420 million dividend recapitalization, followed by a €715 million dividend recapitalization in 2014. “It’s a high performing company, a cash cow,” one of the sources said.
2 min read · 13 March 2017
Shareholders to Spanish sports management company Dorna Sports are set to take a third payout from the company in six years as they prepare to launch an €889m-equivalent ($948.29 million) dividend recapitalization, banking sources said on Monday.
1 min read · 13 March 2017
U.S. chipmaker Intel (INTC.O) agreed to buy driverless technology firm Mobileye (MBLY.N) for $15.3 billion on Monday, positioning itself for a dominant role in the autonomous-driving sector after missing the market for mobile phones, Reuters reported.
3 min read · 13 March 2017
U.S. private equity firm Vista Equity Partners said on Monday it would buy Canadian financial technology services provider DH Corp in a deal valued at $4.8 billion (US$3.6 billion), Reuters reported. Vista said it would combine DH with one of its portfolio companies, U.K.-based Misys, a software provider for retail and corporate banking, lending, treasury and capital markets. The acquisition follows DH's appointment of a special committee in December to assess expressions of interest to buy the company.
2 min read · 13 March 2017
Canada’s two biggest pension funds have agreed to partner with LOGOS, a real estate logistics operator, to invest in warehouses in Singapore and Indonesia, betting on demand from the rise of e-commerce and a burgeoning middle class in southeast Asia, Reuters reported. Canada Pension Plan Investment Board said in a statement it will initially commit US$142 million for an about 48 percent stake in LOGOS Singapore Logistics Venture. It will also commit US$100 million for a stake of about 48 percent in LOGOS Indonesia Logistics Venture. CPPIB and Ivanhoé Cambridge, which is the real estate arm of Canada’s second-largest pension fund manager Caisse de dépôt et placement du Québec, will be equal partners in both joint ventures, the statement said.
2 min read · 13 March 2017
Johnson Controls International Plc (JCI.N), a manufacturer of products ranging from car batteries to heating equipment, is exploring a sale of its safety gear unit, Scott Safety, Reuters reported.
2 min read · 13 March 2017
U.S. used-auto retailer Carvana LLC, which allows customers to pick up cars they buy on the internet from vending machine-like towers, has tapped investment banks for an initial public offering, Reuters reported.
2 min read · 13 March 2017
Eldridge Industries, the U.S. owner of Dick Clark Productions Inc, said on Friday that one of its affiliates terminated an agreement to sell off the TV production company to Chinese conglomerate Dalian Wanda Group, Reuters reported.
1 min read · 13 March 2017
