Singapore-based asset manager Dymon Asia Capital has received a commitment worth $500 million from Temasek Holdings to start a hedge fund seeding venture at a time the Asian industry is starting to recover after six years of sluggish growth, Reuters reported.
2 min read · 12 May 2014
U.S. drugmaker Allergan Inc rejected Valeant Pharmaceuticals International Inc's unsolicited takeover offer, saying it substantially undervalued the company, Reuters reported.
2 min read · 12 May 2014
Hillshire Brands Co (HSH.N) said it would buy Pinnacle Foods Inc (PF.N) for about $6.6 billion including debt, adding products such as Duncan Hines baking mixes to its portfolio that includes Jimmy Dean sausages and Hillshire Farm luncheon meats.
1 min read · 12 May 2014
Adena Friedman will rejoin Nasdaq OMX Group Inc as president of global corporate and information technology solutions, reporting to chief executive Robert Greifeld, writes Reuters. Friedman left Nasdaq in 2011 and was recently chief financial officer of private equity firm Carlyle, writes Reuters.
1 min read · 12 May 2014
The Carlyle Group and Delta Air Lines helped convince the Obama administration to backtrack, at least temporarily, on a policy it has supported for years: requiring steadily-rising volumes of ethanol to be blended into gasoline each year, a key to shifting U.S. energy consumption toward renewable sources.
8 min read · 12 May 2014
Clayton Dubilier & Rice is to buy Germany-based packaging group Mauser from Dubai International Capital for around 1.25 billion euros ($1.72 billion), writes Reuters. Mauser was put up for sale earlier this year, having been bought by DIC from JP Morgan's buyout unit in 2007, writes Reuters.
2 min read · 12 May 2014
Cinven is looking to sell its French diagnostics business Sebia in a deal worth around 1 billion euros ($1.38 billion), the Financial Times reported, writes Reuters. Private equity groups and trade buyers are expected to put in bids for Sebia, which makes testing equipment for identifying diseases such as blood cancer.
1 min read · 12 May 2014
Private equity firm Clayton Dubilier & Rice is in advanced talks to buy Germany-based packaging group Mauser from Dubai International Capital (DIC) for around 1.2 billion euros ($1.7 billion), sources told Reuters on Thursday.
1 min read · 09 May 2014
Zayo Group LLC has picked investment banks Barclays Plc and Morgan Stanley to lead an initial public offering of the fiber network company later this year, sources told Reuters.
2 min read · 09 May 2014
German automotive and industrial supplier Stabilus is planning to sell shares worth up to 292 million euros ($401 million) in its market debut on May 23, offering its shares in a price range of 19 to 25 euros, Reuters reported.
1 min read · 09 May 2014
