Reuters News

Goldman-backed PSAV plans $300 milliion IPO, company valued at $2 billion: Bloomberg

PSAV, an events services company, is preparing for an initial public offering that could raise about $300 million, Bloomberg reported, citing people familiar with the matter.

Carlyle backs former Cairn Energy execs' Indian venture: Reuters

Carlyle Group will invest up to $500 million in Magna Energy Ltd, a new India-focused upstream oil and gas company co-founded by two former Cairn Energy executives, including the man credited with the explorer's Indian drilling successes.

Valuation and M&A advisor Duff & Phelps seeks sale: Reuters

Duff & Phelps Corp, a privately-held firm that provides valuation and M&A advisory services to companies globally, is exploring a sale that could value it as much as $1.3 billion, including debt, sources told Reuters News.

CVC and Temasek to buy $2 billion generic drugs firm Alvogen: Reuters

European private equity fund CVC and Singaporean sovereign wealth fund Temasek are to buy a controlling stake in the pharmaceutical firm Alvogen, Reuters News reported.

Advanced Micro Devices mulling breakup, spinoff: Reuters

Chipmaker Advanced Micro Devices Inc is at the initial stage of reviewing whether to split itself in two or spin off a business, seeking to reverse its fortunes and take on rival Intel Corp, Reuters News reported.

Cigna rebuffs Anthem's 'deeply disappointing' proposal: Reuters

Health insurer Cigna Corp (CI.N) rebuffed Anthem Inc's (ANTM.N) $47 billion merger proposal on Sunday, saying it was "deeply disappointed" with Anthem's recent actions and the offer was not in the best interest of shareholders, Reuters News reported.

Williams Co rejects $48 billion unsolicited offer: Reuters

Natural gas pipeline company Williams Companies Inc said on Sunday it is exploring strategic options after it received an unsolicited takeover proposal for $64 per share or $48 billion, Reuters News reported.

Cupric Canyon Capital buys Botswana's copper firm out of liquidation: Reuters

Cupric Canyon Capital, a private equity firm backed by a unit of Barclays Plc, has bought Discovery Copper Botswana (DCB) for 343 million pula ($35 million), the appointed liquidator's said on Friday.

Swiss Unilabs is potential frontrunner in Synlab sale, say sources: Reuters

Swiss-based medical diagnostics group Unilabs, owned by private-equity investors Apax Partners and Nordic Capital, has the potential to become a frontrunner to buy German laboratory operator Synlab in a roughly 1.7 billion euro ($1.9 billion) deal, sources told Reuters.

Van den Ende sells 60 pct stake in Stage Entertainment: Reuters

Private equity firm CVC Capital Partners is set to buy a 60 percent stake in European theatre production company Stage Entertainment from Dutch media tycoon Joop van den Ende, Reuters reported.