Teen clothing retailer Aeropostale Inc said it has adopted a poison pill that will be triggered if a stockholder buys 10 percent of the company, Reuters reported.
1 min read · 26 November 2013
Take-Two Interactive Software Inc on Tuesday said it is buying back all of Carl Icahn's shares in the company, and three directors nominated by the activist investor have resigned, Reuters reported.
1 min read · 26 November 2013
Blackstone Group LP is eyeing an IPO for La Quinta Inns & Suites rather than a sale of the hotel chain, sources told Reuters.
1 min read · 26 November 2013
Private equity firm Bain Capital LLC is in talks with other private equity firms to sell its insurance software provider Applied Systems Inc for more than $1 billion, sources told Reuters.
1 min read · 26 November 2013
Private equity firm Silver Lake is proceeding with an auction for its information technology management company Serena Software after talks aimed at selling Serena to its technology peer Attachmate Corp ended, writes Reuters. Silver Lake is now in talks with a small number of specialist buyout firms, including Veritas Capital Fund Management and Platinum Equity about selling its majority stake in Serena.
3 min read · 26 November 2013
At least six major private equity groups are competing to buy the industrial packaging segment of Illinois Tool Works, in a deal that could fetch more than $3 billion, writes Reuters. Carlyle, Blackstone, Apollo Global Management, Bain Capital, Ares Management and a consortium of Onex Corp and the Canada Pension Plan Investment Board are among the firms that advanced to the second round of bidding.
2 min read · 26 November 2013
The buyout firms bidding for talent agency IMG Worldwide have all secured partnerships with other companies in the sector after KKR exited an auction seen fetching more than $2 billion, writes Reuters. KKR withdrew last week, leaving Silver Lake in partnership with William Morris Endeavor Entertainment, CVC Capital Partners Ltd in partnership with Chernin Group and Carlyle Group in partnership with ICM Partners as the private equity-backed groups in the race, writes Reuters.
2 min read · 26 November 2013
Private equity firm Sycamore Partners LLC is in advanced talks to acquire apparel retailer Jones Group Inc and is working toward a deal in the next few weeks, sources told Reuters.
2 min read · 25 November 2013
Chinese online game developer Giant Interactive Group Inc said it received a non-binding proposal from its chairman Yuzhu Shi and an affiliate of Baring Private Equity Asia to take the company private for $11.75 per American Depositary Share, Reuters reported.
1 min read · 25 November 2013
Private equity firm Sycamore Partners LLC is in advanced talks to acquire apparel retailer Jones Group Inc and is working toward a deal in the next few weeks, sources told Reuters.
2 min read · 25 November 2013
