South Korea's Hyundai Department Store Co Ltd and CJ Corp are among suitors reaching a second round of bidding for home appliance firm Tongyang Magic, people familiar with the matter told Reuters on Tuesday.
2 min read · 16 August 2016
Singapore's sovereign-wealth fund GIC is among two investors who have bought a 71 percent stake in Denver-based Yes Communities, an owner of manufactured housing estates in the United States, the U.S. firm said.
1 min read · 16 August 2016
Oil and gas venture Siccar Point said on Tuesday it had acquired a 8.9 percent stake in the UK North Sea Mariner field from JX Nippon, the private equity-backed firm's first acquisition.
2 min read · 16 August 2016
Blackstone (BX.N) has pulled out of a potential $700 million investment in the Taipei 101 tower operator after the Taiwanese group declined to disclose certain financial details, sources told Reuters.
2 min read · 16 August 2016
American International Group Inc (AIG.N) said on Monday it would sell its mortgage-guaranty unit to Arch Capital Group Ltd (ACGL.O) for about $3.4 billion, Reuters News reported.
2 min read · 16 August 2016
Univision Holdings Inc (UVN.N) has offered to acquire Gawker Media LLC, challenging a $90 million stalking horse bid from media company Ziff Davis LLC in the auction for the U.S. internet publisher, Reuters News reported.
2 min read · 16 August 2016
For many prominent hedge fund managers who bet Pfizer Inc and Allergan Plc would merge to become the world's biggest pharmaceuticals company, the second quarter started with a thud that sent many in search of new opportunities, Reuters reported. As investors mulled alternatives, even embattled Canadian drug maker Valeant Pharmaceutical International Inc's name emerged as a possible winner amid the wreckage.
3 min read · 15 August 2016
A group of private equity investors led by rock star Bob Geldof have acquired a minority stake in Nigerian biscuit maker Beloxxi Industries Limited for $80 million to help the company expand, they said on Monday.
1 min read · 15 August 2016
The Caisse de dépôt et placement du Québec, Canada's second-biggest public pension fund, warned of weak global growth in the years ahead after market volatility led to a sharp fall in its investment return in the first half, Reuters reported. The Caisse said its average return fell to 2 percent from 5.9 percent in the same period the year before. The pension fund said the performance was ahead of a 1.3 percent return from the benchmark portfolio against which it measures itself. Net assets grew to $255 billion at the end of June, up from $248 billion at the end of 2015.
2 min read · 15 August 2016
U.S. water technology company Xylem Inc said on Monday it would buy Sensus USA Inc, a provider of advanced metering technologies to utilities, for around $1.7 billion in cash.
2 min read · 15 August 2016
