Reuters News

Capital One nears deal to acquire GE health finance unit, say sources: Reuters

Credit card lender Capital One Financial Corp (COF.N) is in exclusive talks to acquire General Electric Co's (GE.N) U.S. healthcare finance unit, in a deal likely to top $10 billion, sources told Reuters.

Shell to sell its stake in Chinese lubricant supplier Tongyi: Reuters

Royal Dutch Shell Plc said it signed an agreement to sell its 75 percent stake in Tongyi Lubricants in China to Huo's Group and private-equity firm Carlyle Group LP., Reuters reported.

Blackstone teams up with Hellman & Friedman for Worldpay bid, say sources: Reuters

U.S. private equity firm Blackstone (BX.N) has joined forces with buyout fund Hellman & Friedman in a race for British payments processing company Worldpay, sources told Reuters.

Planet Fitness falls as much as 14 pct in market debut: Reuters

Planet Fitness Inc's shares fell as much as 14 percent in their market debut, valuing the fitness club operator at $1.36 billion, Reuters reported.

Rush of dividend loans for US private equity firms: Reuters

Private equity firms are borrowing to finance dividend payments from portfolio companies at the highest rate since the third quarter of 2013, according to Thomson Reuters LPC data, as a lack of new buyout deals leaves asset-hungry high-yield investors with few other lending options, Reuters reported.

Amplify Snack Brands shares fail to pop in debut: Reuters

Shares of Amplify Snack Brands Inc fell as much as 8 percent in their debut, valuing the maker of SkinnyPop popcorn and Paqui tortilla chips at $1.24 billion.

Adidas buys fitness tracking app maker Runtastic: Reuters

Adidas AG (ADSGn.DE) has bought fitness tracking app maker Runtastic, giving it access to a community of 70 million active users and helping it catch rivals in connected wearables, Reuters News reported.

Activist investor Ackman takes $5.5 bln stake in Mondelez: Reuters

Billionaire activist investor William Ackman's hedge fund has built a stake worth about $5.5 billion in Cadbury chocolate and Oreo cookies maker Mondelez International Inc, which could become a potential target in a consolidating food industry, Reuters News reported.

Online meal firm HelloFresh prepares for listing this year, say sources: Reuters

Online meal preparation firm HelloFresh is readying a stock market listing this year as it seeks to capitalize on buoyant equities markets and investor appetite for the Internet food market, sources told Reuters.

Morgan Stanley raises $1.7 billion for real estate fund: Reuters

Morgan Stanley said on Wednesday it has raised $1.7 billion for its eighth direct investment real estate fund.