Czech investment group PPF has agreed to buy a 65.9 percent stake in Telefonica Czech Republic from Spain's Telefonica for 2.467 billion euros ($3.33 billion), Reuters reported.
1 min read · 05 November 2013
Britain's Premier Foods is looking for an outside investor to help shore up its struggling bread business, a source familiar with the matter told Reuters.
1 min read · 05 November 2013
BlackBerry Ltd abandoned on Monday its plan to sell itself and said its CEO is stepping down, sparking a 16 percent dive in its share price and raising fears the struggling smartphone maker is running out of options.
5 min read · 05 November 2013
Private equity investor 3i has bought out the co-owner of its ferry group Scandlines and finalised refinancing of existing debt facilities, writes Reuters. 3i bought Allianz Capital Partners' 49 percent stake for 165 million euros ($223 million). The closing of the transaction is expected to take place before the year end.
1 min read · 05 November 2013
Edwin Watts Golf Shops LLC, which has about 90 stores in the U.S. Southeast, filed for Chapter 11 bankruptcy protection on Monday due to increased competition and waning enthusiasm for the sport, according to a court filing, Reuters reported.
2 min read · 04 November 2013
Twitter Inc raised the top end of the price range for its initial public offering by 25 percent and will close its books a day early, signaling strong demand for the most closely watched Silicon Valley debut since Facebook last year, Reuters reported.
3 min read · 04 November 2013
Chinese IT services provider iSoftStone Holdings Ltd said the chief executive and his backers have cut their buyout offer by 7 percent after it reported a second-quarter loss and warned of further losses, Reuters reported.
1 min read · 04 November 2013
Telecom components maker Anaren Inc said it would be acquired by Veritas Capital Fund IV for about $381 million, Reuters reported.
1 min read · 04 November 2013
BlackBerry Ltd is abandoning a plan to sell itself and instead will replace its chief executive officer and raise about $1 billion from institutional investors, including its largest shareholder, the smartphone maker said on Monday.
1 min read · 04 November 2013
Private equity firm Warburg Pincus sold its entire 33.9 percent stake in Australian waste management firm Transpacific Industries Group through UBS, writes Reuters. Demand from investors saw an initial offering of A$400 million ($377 million) of Transpacific stock at A$1.05 per share increased to A$570 million worth, writes Reuters.
1 min read · 04 November 2013
