Brazilian juice maker Cutrale and the Safra Group, a banking and real estate conglomerate, said late on Thursday they were "extremely disappointed" that the board of Chiquita Brands International Inc rejected their takeover offer, adding that they are "considering all alternatives," Reuters reported.
1 min read · 15 August 2014
The Christ Church Cathedral of Indianapolis alleged the trust accounts lost about $13 million in value between 2004 and 2013 after JPMorgan used church funds to buy 177 different investment products that generated the highest revenues to the firm, according to the complaint.
2 min read · 15 August 2014
French private equity firm Ardian and Chinese conglomerate Fosun International said on Thursday they would withdraw their offer for resort operator Club Mediterranee after the French regulator gave the go-ahead for a rival bid, Reuters reported.
1 min read · 14 August 2014
TPG Capital Management LP has agreed to buy a majority stake in Sri Lanka's Union Bank of Colombo PLC (UBC) for $113 million in the country's biggest buyout deal, Reuters reported.
2 min read · 14 August 2014
Italian designer Roberto Cavalli is in talks to sell a majority stake in his eponymous fashion house to VTB Capital, the investment arm of Russia's second largest lender, VTB Bank, sources told Reuters.
3 min read · 13 August 2014
Hedge fund ValueAct Capital LLC said it had taken a $1 billion stake in Rupert Murdoch-controlled film and TV company Twenty-First Century Fox Inc Fox withdrew its $80 billion bid to buy Time Warner Inc last week after being rebuffed by the owner of CNN, HBO and Warner Bros studios. Murdoch said he has no plans to pursue another company as an alternative, Reuters reported.
1 min read · 12 August 2014
U.S. private equity fund Francisco Partners is in talks to buy a controlling stake in Israeli software firm Sapiens (SPNS.O), a deal that would value the company at more than $450 million, Israeli media reported on Tuesday.
1 min read · 12 August 2014
Australia's largest telecommunications company Telstra Ltd said on Tuesday it had paid $270 million to buy out Silicon Valley-based video platform company Ooyala as part of a deeper push into digital media, Reuters reported.
1 min read · 12 August 2014
The family owner of German fashion group Bogner has appointed Goldman Sachs to find a buyer for the maker of upmarket winter jackets and skiwear, sources told Reuters.
2 min read · 12 August 2014
China's $653 billion sovereign wealth fund, China Investment Corp (CIC), is in talks to buy Dublin-based aircraft leasing firm Avolon Aerospace Leasing Ltd for $4 billion to $5 billion including debt, according to people familiar with the matter told Reuters.
3 min read · 11 August 2014
