AXA Private Equity and Spanish airport operator AENA are teaming up to bid for Abertis' 90 percent stake in London Luton Airport, Reuters reported Monday.
1 min read · 03 June 2013
Ketchup maker Heinz Co said on Monday it has received all regulatory approvals needed to sell itself to Warren Buffett's Berkshire Hathaway Inc and Brazilian financier Jorge Paulo Lemann's private equity firm 3G Capital, Reuters reported.
1 min read · 03 June 2013
Satellite operator DirecTV and two other bidders have offered more than $1 billion apiece to buy Hulu, a source with knowledge of the bidding process said on Friday, increasing the likelihood that owners News Corp and Walt Disney Co will be able to shed the video streaming service they failed to sell in 2011, Reuters is reporting.
2 min read · 03 June 2013
China National Building Material Co and Bank of Dalian have ditched their plans to list shares domestically, highlighting the impact of Beijing's suspension of initial public offerings, writes Reuters. The number of IPO applicants in China has fallen to 666 from more than 800 last November, when the China Securities Regulatory Commission froze the IPO market and started inspecting applicants' books for evidence of fraud, according to latest data posted on its website.
2 min read · 03 June 2013
RHJ International, the Belgian-based owner of British private bank Kleinwort Benson, said that a bid to get it to abandon the purchase of Germany's BHF-Bank would expose it to potential charges, writes Reuters. At the end of May, a group of hedge funds representing 4 percent of RHJI's share capital asked the firm to give its more than 200 million euros ($259.20 million) in free cash back to shareholders and abandon its bid for Deutsche Bank's BHF-Bank unit.
2 min read · 03 June 2013
Engineering turnaround specialist Melrose Industries Plc said it was in early stage talks to sell two of its industrial manufacturing businesses, writes Reuters. Melrose, which follows a private equity-type model of investing in companies to improve their performance and then sell them, said it appointed J.P. Morgan Cazenove to assist in the sale process.
1 min read · 03 June 2013
Cerberus Capital Management LP said on Saturday it had secured the one-third stake in Seibu Holdings needed to veto decisions at shareholder meetings, but fell short of its goal of buying 44.7 percent of the Japanese railway and property group., Reuters reported.
2 min read · 02 June 2013
WorldPay's private equity owners, Bain Capital LLC and Advent International Corp, have canceled the auction of the payment processing firm's U.S. unit, WorldPay told Reuters on Friday.
3 min read · 02 June 2013
Dell Inc called on shareholders on Friday to approve a $24.4 billion buyout offer by founder and CEO Michael Dell and private equity firm Silver Lake, saying the bid was superior to other strategic options, Reuters reported.
2 min read · 31 May 2013
The Carlyle Group LP and Blackstone Group LP as well as Indian outsourcers L&T Infotech and Tech Mahindra Ltd, are lining up bids for Hewlett-Packard Co's $1 billion stake in India's MphasiS Ltd, sources tell Reuters.
3 min read · 31 May 2013
