Hudson's Bay Co has made a takeover approach for retail chain Macy's Inc, sources told Reuters, in a deal that would push the Canadian department store operator deeper into the U.S. market. Shares of Macy's had a market value of about US$9.4 billion as of Thursday's close. A deal would add another retailer to Hudson Bay's expanding portfolio, which includes Saks Fifth Avenue and Lord & Taylor in the United States, as well as Galeria Kaufhof in Europe. The Canadian retailer was acquired in 2008 by private equity firm NRDC Equity Partners, headed by Richard Baker, now HBC's executive chairman.
3 min read · 03 February 2017
Braeburn Pharmaceuticals Inc, the maker of the first long-acting implant to treat opioid addiction in the United States, said on Thursday that it had decided not to proceed with its initial public offering, citing current market environment.
1 min read · 03 February 2017
Electra Private Equity (ELTA.L) is to receive 203 million pounds after its investment arm sold Audiotonix, a manufacturer of audio mixing consoles, to French buyout group Astorg, Reuters reported.
1 min read · 03 February 2017
Snapchat owner Snap Inc shot the opening salvo in its $3 billion initial public offering on Thursday, outlining aggressive expansion plans but offering new investors no say on how the company is run and no promise of profits, Reuters reported.
2 min read · 03 February 2017
Silicon Valley venture capitalist Kate Mitchell said her startup companies have a message for their employees who are foreign nationals: Don't travel outside the country right now, Reuters reported.
4 min read · 03 February 2017
French snowsports equipment firm Rossignol has agreed to buy Felt Bicycles, a U.S. maker of racing and mountain bikes with annual sales of more than $60 million, the company said on Friday.
2 min read · 03 February 2017
Interest in Singapore-listed Global Logistic Properties (GLPL.SI) hotted up on Friday with the warehouse and distribution center operator revealing it had received several bids, including some involving its own senior management, Reuters reported.
3 min read · 03 February 2017
Cerberus Capital Management LP's chief executive, Stephen Feinberg, is in talks to join U.S. President Donald Trump's administration in a senior role, the private equity firm said on Thursday.
2 min read · 02 February 2017
British sporting goods company Sports Direct International Plc is in talks to bid for Eastern Outfitters LLC, the parent of U.S. discount chain Bob's Stores and outdoor retailer Eastern Mountain Sports, sources told Reuters.
2 min read · 02 February 2017
Endeavor Energy Resources LP, a privately-held Texas oil producer, is considering an initial public offering of stock to expand operations on more than 330,000 acres of land it controls in the booming Permian Basin, Reuters reported.
3 min read · 02 February 2017
