Video conferencing equipment maker Polycom Inc said on Monday it received a revised proposal from a private equity firm that could be "superior" to Mitel Networks Corp's offer, Reuters News reported.
1 min read · 24 May 2016
Anglo-South African financial services company Old Mutual (OML.L) on Tuesday confirmed it had received multiple approaches from potential buyers of its stake in U.S. fund firm Old Mutual Asset Management (OMAM), Reuters News reported.
1 min read · 24 May 2016
Tribune Publishing Co (TPUB.N), the owner of the Los Angeles Times and the Chicago Tribune, said billionaire Patrick Soon-Shiong invested $70.5 million in the company, becoming its second largest shareholder, Reuters News reported.
2 min read · 24 May 2016
Unilever NV (UNc.AS), Henkel & Co KgaA AG (HNKG_p.DE), L'Oréal SA (OREP.PA) and other companies have submitted first-round bids in the auction for OGX shampoo maker Vogue International LLC, Reuters News reported.
2 min read · 24 May 2016
Ares Capital Corp (ARCC.O), an investment company focused on mid-sized firms, is buying smaller rival American Capital Ltd (ACAS.O) in a cash-and-stock deal valued at $3.4 billion to better fill the credit gap created as big banks turn cautious, Reuters News reported.
2 min read · 23 May 2016
Tribune Publishing Co (TPUB.N) has decided to reject Gannett Co Inc's (GCI.N) latest $864 million takeover proposal, but will agree to share confidential information with the U.S. newspaper company, Reuters News reported.
2 min read · 23 May 2016
German drugs and crop chemicals group Bayer has offered to buy U.S. seeds company Monsanto for $62 billion in cash, defying criticism from some of its own shareholders in a bid to grab the top spot in a fast-consolidating farm supplies industry, Reuters News reported.
3 min read · 23 May 2016
Pacific Exploration & Production Corp said its board was in favor of a restructuring proposal submitted by Catalyst Capital Group, after comparing it with a bid by EIG Global Energy Partners, Reuters reported. EIG Global, a U.S. private equity firm, submitted a binding proposal in early May to provide US$250 million debtor-in-possession (DIP) financing to Pacific Exploration and sponsor the company's restructuring. The Toronto-based oil and gas producer previously announced it had reached a deal with debt-holders, including Catalyst Capital, a Canadian private equity firm, to convert almost all of its debt to equity.
1 min read · 19 May 2016
Canadian buyout firm Onex Corp has revived an auction for Carestream Health Inc that could value it at more than US$3 billion, including debt, and is exploring a breakup of the U.S. medical imaging company, sources told Reuters. Rochester, New York-based Carestream was formed in 2007, when Onex purchased the healthcare division of imaging company Eastman Kodak for US$2.35 billion.
2 min read · 19 May 2016
Canada Pension Plan Investment Board's (CPPIB) Chief Executive Mark Wiseman will step down to take up a role with BlackRock Inc, the world's biggest asset manager, Reuters reported. Wiseman, who has transformed the Toronto-based pension fund into one of the world's most active deal-makers over the past four years, is set to step down next month. He will be replaced by Mark Machin, who heads CPPIB's international operations.
4 min read · 19 May 2016
