Reuters News

Neiman Marcus leaves IPO bankers hanging: Reuters

Investment bankers put on their best business attire to pitch luxury department store operator Neiman Marcus Group Inc for underwriter roles in an initial public offering. Yet more than a month after their beauty parade, banks are still in the dark, Reuters News reported.

Elmer's Glue owner explores potential sale, say sources: Reuters

Elmer's Products Inc, the owner of the popular U.S. school glue brand, is exploring a sale that could value it at close to $400 million, including debt, sources told Reuters.

CVC mulls $3.4 bln IPO of Sweden's Ahlsell, say sources: Reuters

Buyout firm CVC is mulling a stock market listing for Swedish construction products and tools supplier Ahlsell, which could be worth around 3 billion euros ($3.4 billion) including debt, sources told Reuters.

Sequoia-backed Indian anti-virus software firm files for IPO: Reuters

Indian anti-virus software maker Quick Heal Technologies Ltd, which is backed by Sequoia Capital, filed a prospectus for a stock listing with the domestic market regulator on Wednesday, Reuters reported.

Investcorp sells 9.9 pct stake to Gulf institution for $138 mln: Reuters

Bahrain-based Investcorp has sold a 9.9 percent stake in itself to a new Gulf-based institutional shareholder for $137.8 million, Reuters News reported.

AB InBev lining up $70 billion debt for SABMiller offer: Reuters

Anheuser-Busch InBev (ABI.BR) is asking banks to underwrite up to $70 billion in debt financing to back its potential takeover of SABMiller (SAB.L), banking sources told Reuters News.

Banks to propose Brazil's Caixa delay unit IPO, source says: Reuters

Investment banks managing the initial public offering of Brazilian state-controlled Caixa Econômica federal's insurance unit recommended delaying it until April, due to this month's worsening of market conditions, a source told Reuters.

Cargill's Black River Asset Management to split into three separate firms: Reuters

Cargill Inc said on Monday that it will spin off Black River Asset Management LLC and split the hedge fund arm into three separate employee-owned firms, Reuters News reported.

Yahoo to spin off Alibaba stake despite no U.S. tax ruling: Reuters

Yahoo Inc (YHOO.O) said on Monday it would proceed with the planned spinoff of its stake in Alibaba Group Holding Ltd (BABA.N) even though the IRS has declined to rule on whether the transaction would be tax free, Reuters News reported.

UK private equity firm Lion Capital eyes takeover of Kurt Geiger: Sky News

British private equity firm Lion Capital, former owner of high-end footwear designer Jimmy Choo, is considering returning to the upscale footwear market with a takeover of luxury shoe retailer Kurt Geiger, Sky News reported citing people familiar with the matter.