Fiat shares jumped on Thursday after it struck a $4.35 billion deal to gain full control of Chrysler Group LLC, but doubts remained over whether the Italian carmaker can use the merger to cut losses in Europe, Reuters reported.
3 min read · 02 January 2014
German real estate company Deutsche Annington's first dividend to shareholders following its 2013 listing could come to about 0.70 euros per share, writes Reuters. The group, which listed in Frankfurt in July but is still majority-owned by British financier Guy Hands' private equity group Terra Firma, has said it plans to pay out 70 percent of its profits as a dividend.
1 min read · 02 January 2014
Private equity firms are increasingly seeking to partner with U.S. companies rather than buying them outright, as they struggle to find ways to put their huge piles of money to work at a time when frothy markets have made takeovers expensive, Reuters reports.
5 min read · 02 January 2014
Activist investor Daniel Loeb's Third Point Capital LLC has taken a stake of less than 5 percent in Hertz Global Holdings Inc, the second largest U.S. car rental company, CNBC reported.
1 min read · 31 December 2013
Warren Buffett's Berkshire Hathaway Inc struck a deal to buy a Phillips 66 business that makes chemicals to improve the flow potential of pipelines for around $1.4 billion of stock, Reuters reported.
2 min read · 31 December 2013
Private equity firm KKR & Co LLP has reported a 6.8 percent stake in chipmaker Marvell Technology Group Ltd, according to a regulatory filing.
1 min read · 31 December 2013
Billionaire businessman Carlos Slim's private equity fund has sold its stake in Mexican pharmaceutical company Landsteiner Scientific to a fund related to that company.
1 min read · 31 December 2013
Restaurant chain Cracker Barrel Old Country Store Inc has rejected activist investor and top shareholder Sardar Biglari's demand to sell itself, Reuters reported.
1 min read · 30 December 2013
French IT services company Atos has hired Deutsche Bank and BNP Paribas to advise it about a takeover of Nets, Europe's second-largest card payment services company, daily business paper Borsen said on Monday.
1 min read · 30 December 2013
Israeli fashion chain Fox-Weizel Ltd said on Monday it has been approached by private equity firm Apax Partners regarding an investment in the company.
1 min read · 30 December 2013
