At least three shareholders who collectively hold nearly 3 percent of Dell Inc's shares plan to vote against Chief Executive Michael Dell's $24.4 billion buyout offer, raising questions about shareholder proxy adviser Institutional Shareholder Services' sway with the PC maker's shareholders, Reuters reported.
3 min read · 11 July 2013
Carlyle Group LP is betting that industrial companies rather than buyout firms are more likely to meet its target price of up to $1.5 billion for the aerospace communications firm Arinc Inc, sources told Reuters.
4 min read · 11 July 2013
Hedge fund manager William Ackman's strong returns have made him into one of Wall Street's biggest managers, but even he may struggle to raise $1 billion in the next week for a single stock fund whose target he won't identify, Reuters is reporting.
4 min read · 11 July 2013
Billionaire investor Carl Icahn plans to seek a higher price for his Dell shares in court and urged other investors to do the same, in an effort to block Dell Inc founder Michael Dell's $24.4 billion buyout offer ahead of a key shareholder meeting, Reuters reported.
2 min read · 10 July 2013
The Securities and Exchange Commission on Wednesday voted to lift a longtime advertising ban for hedge funds, venture capital funds and other firms offering private placements, a controversial change that has sparked fierce debate between business interests and consumer advocates.
4 min read · 10 July 2013
India's Flipkart has raised $200 million from a clutch of private equity funds, the company said on Wednesday, in what could be the single largest investment in an e-commerce company in the country, Reuters said.
1 min read · 10 July 2013
One Call Care Management, a medical cost containment services company owned by Odyssey Investment Partners is exploring a sale that may fetch more than $1.5 billion, writes Reuters. One Call Care Management has asked Jefferies Group to handle the sale process and contact potential buyers, including private equity firms and companies in the industry, writes Reuters.
2 min read · 10 July 2013
NBCUniversal, cable giant Comcast's Hollywood unit, has signed Thomas Tull, luring the producer behind blockbusters such as The Dark Knight and Man of Steel away from Warner Brothers and beating out other studios including Sony and 20th Century Fox, writes Reuters. Tull, a former investment banker, started Legendary Entertainment in 2000 with $500 million from private equity investors and in 2005 signed a seven-year deal with Warner Brothers to jointly produce up to 40 films, writes Reuters.
2 min read · 10 July 2013
KKR's $6 billion Asia fund will be deployed at a time when an economic slowdown and emerging market sell-off has knocked the overall value of Asia Pacific corporations to historic lows, writes Reuters. While the market volatility should offer KKR opportunities to buy low, the record of the private equity industry in Asia shows that investing in the region is not as easy as it seems, writes Reuters.
5 min read · 10 July 2013
A decision on who will acquire Finnish mobile phone company DNA is expected in coming weeks after a handful of private equity firms submitted final-round bids, Reuters reported.
2 min read · 10 July 2013
