Reuters News

Calpers to cut external money managers by half - WSJ

The California Public Employees' Retirement System intends to cut ties with roughly half of the firms handling its money to reduce fees paid to investment managers, the Wall Street Journal reported.

After Bloomberg, Doctoroff eyes billboard company: Reuters

Daniel Doctoroff, the former chief executive of news and data provider Bloomberg LP, has launched a bid to buy Titan Outdoor, a company that provides outdoor advertising on buses in U.S. cities, sources told Reuters News.

GE close to selling private equity lender to top Canada pension fund: Reuters

General Electric Co (GE.N) is near a deal to sell its private equity lending unit to the Canada Pension Plan Investment Board (CPPIB), a person familiar with the matter said, as the conglomerate takes a big step in a planned massive pullback from its finance operations, Reuters News reported.

Apollo wins auction for Saint Gobain's glass bottle unit Verallia: Reuters

Private equity firm Apollo Global Management (APO.N) has won the bidding for Saint-Gobain's glass bottle unit Verallia with an offer valuing the business at 2.95 billion euros ($3.27 billion), Reuters News reported.

Italtel eyes sale to private equity investor this summer, says CEO-Reuters

Italian telecoms equipment and software supplier Italtel has hired investment bank JP Morgan (JPM.N) to seek buyers, in particular among private equity funds, and expects to reach a deal this summer, its chief executive told Reuters on Friday.

Software maker Evolent Health's IPO priced at $17/share, says underwriter-Reuters

Evolent Health Inc's initial public offering has been priced at $17 per share, an underwriter told Reuters late on Thursday, valuing the healthcare software maker at about $950 million.

Worldpay to hire banks for its 6 billion pound London float, says source-Reuters

The backers of payment processing company Worldpay are set to hire six banks to lead the company's London stock market listing, valued at around 6 billion pounds ($9.22 billion), a source told Reuters.

Lenovo parent Legend gets HK approval for up to $2 bln IPO, say sources-Reuters

Legend Holdings Corp, parent of computer maker Lenovo Group Ltd, has won approval from Hong Kong's stock exchange for an initial public offering worth about $2 billion, sources told Reuters.

Financial software maker SunGard files for IPO: Reuters

SunGard, a financial software maker, filed with U.S. regulators on Thursday for an initial public offering of its common stock, Reuters News reported.

Recall Holdings seeks to renegotiate Iron Mountain deal: Reuters

Australia-listed data protection services provider Recall Holdings Ltd (REC.AX) is seeking to renegotiate a $2.2 billion deal to be acquired by document and data storage services company Iron Mountain Inc, sources told Reuters.