German chemotherapy compound maker Zytoservice has attracted offers in a second bidding round from several buyout groups, sources told Reuters.
1 min read · 04 August 2016
France's oil giant Total has invited chemicals Sinochem and a few private equity firms to prepare final offers for German surface finishing and metal plating company Atotech, sources told Reuters.
1 min read · 04 August 2016
Billionaire investor William Ackman has exited his hedge fund's investment in railway company Canadian Pacific Railway Ltd, freeing up roughly US$1.5 billion in cash to make other future investments. Ackman's Pershing Square Capital Management and Canadian Pacific said this week the New York-based hedge fund sold its remaining 9.8 million shares in the railroad, representing a 6.51 percent stake, through trades organized by J.P. Morgan, Credit Suisse and B of A Merrill Lynch. Pershing Square earned some US$2.6 billion on its investment.
2 min read · 04 August 2016
Wal-Mart Stores Inc is in talks to buy Jet.com, a year-old online rival, as part of a multibillion-dollar revamp of its e-commerce division aimed at boosting online sales growth, the Wall Street Journal reported on Wednesday.
2 min read · 04 August 2016
Mobile payments company Square Inc on Wednesday reported a 41.5 percent jump in revenue and diminishing losses as more large merchants make sales using Square's technology, a sign the company has moved beyond serving only pop-up shops and food trucks, Reuters reported.
3 min read · 04 August 2016
Asset manager Apollo Global Management LLC (APO.N) posted quarterly earnings nearly five times that forecast on Wednesday, helped by a recovery in the oil market and a mark-up in the value of its insurance holding company, Reuters reported.
2 min read · 03 August 2016
Brexit jitters will dampen global appetite for mergers and acquisitions until Britain clarifies when and how it will negotiate an exit from the European Union, Reuters reported, citing a new survey of deal-makers. Some 70 percent of 1,001 M&A professionals from around the world surveyed by technology provider Intralinks said the number of M&A deals would fall until Brexit worries subside. Two-thirds of respondents said Britain leaving the EU would have a negative impact on global deal volumes for the rest of 2016.
2 min read · 03 August 2016
A consortium led by private equity firm Apollo Global Management (APO.N) has emerged as the frontrunner for Anglo American's (AAL.L) metallurgical coal mines in Australia, valued at up to $1.5 billion, sources told Reuters.
2 min read · 03 August 2016
Supervalu Inc (SVU.N) said On Tuesday it is evaluating a sale of its Save-A-Lot business, among other efforts to separate the discount grocery chain from the company, Reuters News reported.
1 min read · 03 August 2016
Six investors including U.S. funds Apollo Global Management and KKR are interested in the platform that will manage around 9 billion euros in Monte dei Paschi di Siena's gross bad loans, sources told Reuters.
1 min read · 02 August 2016
