Alphabet Inc (GOOGL.O) is in discussions with Lyft Inc about a possible investment in the ride-hailing company, potentially deepening an existing partnership between the two firms, a source told Reuters.
2 min read · 15 September 2017
Activist investor Praesidium Investment Management on Friday cut its stake in Progress Software Corp and urged the company’s chairman of the board, Jack Egan, to resign, Reuters reported.
1 min read · 15 September 2017
Women’s shoe retailer Aerosoles Group is planning to file bankruptcy to exit its unprofitable store leases, sources told Reuters.
2 min read · 15 September 2017
A Brazilian land developer controlled by U.S. buyout firm Carlyle Group LP (CG.O) investment vehicles has appointed turnaround specialist Ivix Value Creation to help it reverse mounting client lawsuits and avoid filing for bankruptcy protection, Reuters reported.
2 min read · 15 September 2017
Alphabet Inc (GOOGL.O) is in discussions with Lyft Inc about a possible investment in the ride-hailing company, potentially deepening an existing partnership between the two firms, Reuters reported.
2 min read · 15 September 2017
Suitors for Old Mutual’s asset management arm run by veteran British investor Richard Buxton have until Sept. 29 to submit tentative bids for the business, sources told Reuters.
2 min read · 14 September 2017
Israel’s StoreDot, which is developing fast-charging battery technology, said on Thursday it raised $60 million in a third round of financing led by the truck division of Germany’s Daimler (DAIGn.DE).
1 min read · 14 September 2017
Germany’s Bayer AG, one of the world’s biggest agricultural chemical companies, is joining a $100 million bet that the next big breakthrough in crop fertilizers will be found inside a biological Petri dish, Reuters reported.
2 min read · 14 September 2017
Canadian lifestyle retailer Roots Corp said this week it filed a preliminary prospectus with the securities regulatory authorities in Canada for a proposed initial public offering of its common shares, Reuters reported. The company, known for its casual wear and leather goods with a distinctive beaver logo, said New York-based private equity firm Searchlight Capital Partners LP and founders Michael Budman and Don Green are selling their stake. The retailer is seeking to raise about $200 million in the share sale this month and could have a market value of about $700 million (US$574 million) after listing, Bloomberg reported. Searchlight acquired a controlling stake in Roots in late 2015.
2 min read · 14 September 2017
Navicure, a healthcare technology company backed by Bain Capital, is nearing a deal to acquire ZirMed Inc that will value it at around $750 million, Reuters reported.
1 min read · 14 September 2017
