Hedge fund Jana Partners LLC disclosed in a regulatory filing on Tuesday that it had acquired a 6.2 percent stake in grocery chain Safeway Inc (SWY.N), Reuters reported.
1 min read · 18 September 2013
French online advertising company Criteo S.A., backed by Index Venture Associates, filed with U.S. regulators to raise up to $190 million in an initial public offering of American depositary shares (ADSs).
1 min read · 18 September 2013
Creditors of Energy Future Holdings will meet this week to discuss strategies for restructuring the fraught power giant, but they are still a long way from a deal, writes Reuters. The Texas utility has been trying to cut a deal with secured lenders before filing for bankruptcy, which it is expected to do before year's end as it faces $40 billion in debt and a looming Nov. 1 interest payment.
3 min read · 18 September 2013
Online jobs portal Freelancer.com is planning an initial public offering in Australia this year after knocking back several attempts to buy it, including a $400 million approach from Japanese recruitment firm Recruit Holdings Co, writes Reuters. Freelancer would be capitalizing on a buoyant local IPO market and a local listing would help boost Australia's fast-growing tech sector at the expense of Nasdaq, where software firm Atlassian is expected to list.
2 min read · 18 September 2013
U.S. hamburger chain Checkers Drive-In Restaurants Inc, which is owned by private equity firm Wellspring Capital Management, is preparing for an initial public offering later this year, sources told Reuters.
1 min read · 17 September 2013
Minerva Schools of KGI doesn't yet have accreditation, a campus or even a full faculty roster, but it is offering something even Harvard can't - four years of free tuition for its first matriculating class, Reuters reported.
3 min read · 17 September 2013
Hudson's Bay Co said on Monday that Harrods executive Marigay McKee will become president of Saks Inc (SKS.N) after the Canadian retailer acquires the upscale U.S. department store operator, writes Reuters. Earlier on Monday, Saks said that Chairman and Chief Executive Stephen Sadove and President and Chief Merchant Ronald Frasch are set to leave the company once it is acquired by Hudson's Bay.
1 min read · 17 September 2013
Equity contributions on large leveraged buyouts are falling to levels not seen since the height of the buyout boom in 2007 as borrowers achieve more aggressive terms on deals from cash-rich investors eager to put money to work, writes Reuters. More positive macro-economic conditions throughout the course of 2013 and a shortage of M&A has allowed sponsors to drive more advantageous terms on their deals.
3 min read · 17 September 2013
TPG Growth, a unit of U.S. private equity firm TPG Capital has invested 1.45 billion rupees ($22.9 million) in Sutures India Pvt Ltd, a privately held medical consumables firm, it said on Monday, Reuters reported.
1 min read · 16 September 2013
Saudi billionaire Prince Alwaleed bin Talal says he will not sell any of his shares in microblogging site Twitter Inc when it goes public, and expects the firm's IPO to hit the market later this year or in early 2014, Reuters.
3 min read · 16 September 2013
