Sun Life Financial Inc on Friday warned of a likely delay in the sale of its U.S. annuity business because the New York Department of Financial Services has yet to approve the deal, Reuters reported.
2 min read · 21 June 2013
Dell Inc's billionaire founder Michael Dell said he would oppose any leveraged recapitalization of the company and called on stakeholders to vote in favor of his buyout offer, ahead of a shareholder meeting next month, Reuters reported.
1 min read · 21 June 2013
U.S. private equity firm Blackstone Group LP and Singapore state investor Temasek Holdings are in separate talks to invest about $200 million in India's Shriram Ventures, the non-financial services arm of Shriram Group, sources told Reuters.
1 min read · 21 June 2013
Europe's number 2 card payment processor Nets has hired JP Morgan to sell the business for 1-2 billion euros, sources told Reuters.
1 min read · 20 June 2013
GlaxoSmithKline is investing 17.5 million euros ($23.5 million) in a new venture fund to invest in drugs for rare diseases, underscoring the growing role of big drugmakers in backing start-up companies, Reuters reported.
1 min read · 20 June 2013
Private equity firm Carlyle Group and Seven Group Holdings said on Thursday they plan to retain ownership of Coates Hire Ltd, Australia's top equipment rental firm, following a six-month review of the business, Reuters reported.
1 min read · 20 June 2013
U.S. private equity firm Warburg Pincus is trying to persuade European banks to sell it more of their businesses by buying minority stakes that allow them to share in any future upside, a senior executive told Reuters
3 min read · 20 June 2013
A high profile sex discrimination lawsuit in Silicon Valley should be taken private via arbitration, lawyers for venture capital firm Kleiner Perkins Caufield & Byers argued on Wednesday, but the plaintiff, former partner Ellen Pao, wants the chance to tell her story before a judge, Reuters reported.
2 min read · 20 June 2013
Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned, Reuters reported.
3 min read · 20 June 2013
Ebix Inc said it will not be bought by a Goldman Sachs Group Inc affiliate after the insurance software provider received a letter from a U.S. regulator regarding an investigation into allegations of misconduct, Reuters reported.
1 min read · 20 June 2013
