Real estate services company Realogy Holdings Corp. plans to sell 40 million shares in its initial public offering at between $23 and $27 each, Reuters reported Friday.
2 min read · 28 September 2012
(Reuters) - Khawar Mann, one of Apax Partners LLP's most senior dealmakers, is leaving after racking up losses on bad healthcare deals, adding to an already high turnover at one of Europe's largest buyout firms.
3 min read · 27 September 2012
(Reuters) - Online stock photography provider Shutterstock Inc said it plans to sell 4.5 million shares in its initial public offering at between $13 and $15 each. The company would raise $67.5 million at the top of this range, much below the up to $115 million it filed to raise in May.
2 min read · 27 September 2012
Australia's top supermarket chain Woolworths Ltd. agreed to sell its Dick Smith Electronics chain in Australia and its Indian wholesale venture for a combined A$55 million ($56.88 million) under a plan to exit the consumer electronics segment. Woolworths said private equity firm Anchorage Capital Partners will buy the Dick Smith chain for initial cash proceeds of A$20 million, compared with A$200 million expected by analysts last year when the plan was announced as a weak retail environment takes its toll, Reuters wrote.
2 min read · 27 September 2012
Tempur-Pedic International Inc. said it will acquire rival mattress maker Sealy Corp. for about $242 million and assume about $750 million in debt, Reuters reported. Sealy's shares were up about 9 percent in pre-market trade at $2.33 on Thursday, above the offer price of $2.20 per share, indicating that some investors expect a higher offer.
1 min read · 27 September 2012
Cosmetics company Physicians Formula Holdings Inc. said it will be bought by privately held peer Markwins International Corp. for about $75 million in cash. The announcement comes two weeks after Physicians Formula said it received a go-private offer from an unnamed party at $4.90 per share, Reuters wrote. The company had earlier agreed to be taken private by Swander Pace Capital for $4.25 per share, in the absence of a more attractive offer.
1 min read · 27 September 2012
2 min read · 27 September 2012
2 min read · 27 September 2012
2 min read · 27 September 2012
Chinese economy hotel chain 7 Days Group Holdings Ltd has reported a group led by its co-chairmen has proposed to take it private in a deal valued at $634.7 million, writes Reuters. The group of shareholders, including co-chairmen Boquan He and Nanyan Zheng as well as the Carlyle Group and Sequoia Capital China, has offered $12.70 per American depositary share, writes Reuters.
1 min read · 27 September 2012
