Reuters News

Siemens seen picking EQT for hearing aids next week-Reuters

Siemens is likely to pick EQT next week to buy its hearing aids unit for about 2 billion euros ($2.5 billion), sources told Reuters.

Santander raises stake in Brazil unit after buyout offer-Reuters

Spanish bank Santander's stake in its Brazilian unit will rise to 88.3 percent, it said on Friday, after it offered to buy out minority shareholders last month in an effort to turn around the underperforming subsidiary.

Omega Healthcare to buy Aviv REIT in $3 billion deal-Reuters

Omega Healthcare Investors Inc (OHI.N) said it would buy Aviv REIT Inc (AVIV.N) in a stock deal valued at $3 billion, Reuters reported.

Apollo's third-quarter earnings plunge as funds lose value: Reuters

Apollo Global Management LLC reported a bigger-than-expected 91 percent drop in third-quarter profit on Thursday, as its private equity funds depreciated, in stark contrast to its peers, and the firm generated less cash from selling assets.

Sale of yearbook maker Herff Jones parent for $1.5 bln near: Reuters

The parent company of yearbook and class ring maker Herff Jones is close to selling itself to a private equity consortium led by Charlesbank Capital Partners for about $1.5 billion, sources told Reuters.

Energy company Seven Generations set to raise C$810 million in IPO-Reuters

Seven Generations Energy Ltd is poised to raise C$810 million ($724.31 million) via an initial public offering that priced at the lower end of a previously anticipated range, according to regulatory documents, Reuters reported.

Bahraini investment firms buy U.S. company PRO Unlimited-Reuters

Bahrain-based alternative investment fund Investcorp INVB.BH and sovereign fund Mumtalakat have acquired U.S. software and services firm PRO Unlimited for around $300 million.

Bidders line up for E.ON's Spanish assets, say sources-

E.ON (EONGn.DE) is asking bidders to submit binding offers for its Spanish business by Nov. 3, in a sale likely to fetch as much as 2.2 billion euros ($2.8 billion) to help Germany's top utility cut debt, sources told Reuters.

TPG hires Lazard to sell Australian energy retailer Alinta for about $3.5 bln, say sources-Reuters

TPG Capital Management LP has hired investment bank Lazard Group LLC to sell Australian gas and electricity retailer Alinta Energy in a deal worth about A$4 billion ($3.54 billion), three sources close to the transaction said.

Restaurant operator J. Alexander's files for IPO-Reuters

J. Alexander's Holdings Inc, a casual-dining chain operator backed by Fidelity National Financial Inc, filed with U.S. regulators on Tuesday for an initial public offering of its common shares, Reuters reported.