Reuters News

Reuters: Thomas H Lee Wins Dismissal from LBO Collusion Lawsuit

A U.S. lawsuit accusing private equity firms of conspiring not to outbid each other on companies they sought to buy now has one fewer defendant, after Thomas H. Lee Partners LP persuaded a federal judge on Thursday to dismiss the case against it.

Reuters: CEO of Finland's DNA to Step Down After Failed M&A Talks

Finnish phone operator DNA said on Friday its chief executive would step down, a month after an aborted attempt to sell the company.

Reuters: Sandwich Maker Potbelly Files for IPO of Up to $75 million

Sandwich maker Potbelly Corp, backed by private equity firm Oak Investment Partners, filed with U.S. regulators to raise up to $75 million in an initial public offering of common stock, Reuters reported.

Radio Broadcaster Cumulus Media to Buy Dial Global for $260 Million: WSJ

Radio broadcaster Cumulus Media Inc, which is backed by Bain Capital, is set to buy content producer Dial Global Inc for about $260 million in cash, the Wall Street Journal reported, citing people familiar with the matter.

Reuters: Icahn Raises Nuance Stake, May Push for Board seats

Activist investor Carl Icahn said he had raised his stake in speech recognition software maker Nuance Communications Inc to 16.9 percent and that he may discuss the possibility of adding his nominees to the company's board, Reuters reported.

Reuters: Zurich Chairman Ackermann Quits Over CFO Suicide

Josef Ackermann, the former head of Deutsche Bank, resigned on Thursday as chairman of Zurich Insurance over the apparent suicide of the Swiss insurer's finance chief, Reuters reported.

Reuters: Greylock Makes $100M Venture Bet on Marketplaces

In a big bet on marketplaces, venture firm Greylock Partners is promoting former eBay Motors founder Simon Rothman to partner, and dedicating $100 million to the sector.

Reuters: Activism in Energy Sector Creates Obstacles for M&A

When hedge fund TPG-Axon launched its activist campaign at U.S. oil and gas company SandRidge Energy Inc last year, the activist investor laid out hopes that the company could explore a sale, Reuters reported.

Reuters: RLPC-Owners Seek to Merge, Then List, Numericable and Completel

The private equity owners of French cable company Numericable and French telecoms group Completel are seeking to merge the two businesses ahead of a possible listing of the combined operation later this year, banking sources told Reuters.

Reuters: Ex-Lone Star Executive's Fund to Set Up Irish Unit - Source

A new private equity fund set up by ex-Lone Star Vice Chairman Ellis Short to buy loan books across Europe is establishing a unit in Ireland, a source close to the matter told Reuters.