Activist hedge fund TCI has written to EADS' chief executive demanding the aerospace company sell its stake in Dassault Aviation, a maker of the Rafale fighter jet, saying the 4 billion euro ($5.3 billion) holding was "a poor use of capital" and the proceeds should be given to shareholders, Reuters reported.
4 min read · 05 August 2013
Ambulance operator Rural/Metro Corp, owned by private equity firm Warburg Pincus, filed for Chapter 11 bankruptcy with the aim of cutting its debts after it missed an interest payment in July, Reuters reported citing court filings.
2 min read · 05 August 2013
In three years, global private equity firm KKR & Co has provided over $1.5 billion in loans to companies in India, a business traditionally handled by state-owned and private sector banks, Reuters reported.
5 min read · 05 August 2013
Private equity firm MBK Partners is in exclusive talks to buy a controlling stake in ING Groep's South Korean insurance unit, a source tells Reuters.
1 min read · 05 August 2013
Private equity firm Odyssey Investment Partners LLC is exploring a sale of TNT Crane & Rigging Inc, one of the largest U.S. crane service providers, in a deal that could fetch more than $800 million, sources told Reuters.
1 min read · 02 August 2013
Yahoo Inc acquired social Web browser company Rockmelt, the latest move by the struggling Web portal to scoop up technology and engineering talent that could bolster its mobile and social networking efforts, Reuters reported.
2 min read · 02 August 2013
Management software company Compuware Corp has renewed efforts to sell itself, courting not just the buyers of rival BMC Software Inc but also CA Technologies Inc and other buyout firms, sources told Reuters.
3 min read · 02 August 2013
Three minority shareholders of Fisher Communications Inc said a $373 million takeover bid by Sinclair Broadcast Group Inc undervalues the TV broadcaster and are looking to activist investor Mario Gabelli to derail the offer, Reuters reported.
2 min read · 02 August 2013
Dell Inc and a group led by founder and Chief Executive Michael Dell reached a new deal on Friday that dramatically increases the chances of a $24.8 billion buyout going through, Reuters reported.
4 min read · 02 August 2013
Private equity firm Bridgepoint's coffee and sandwich chain Pret A Manger has raised a new 375 million pound ($568.5 million) loan to refinance existing debt and pay a 150 million pound dividend to shareholders, sources told Thomson Reuters Loan Pricing Corp.
2 min read · 02 August 2013
