In Second Opinion, Time Inc is putting Essence magazine on the block, Jared Kushner tells Senate investigators he did not collude with the Russians and Microsoft's iconic paint application could get the boot after 32 years.
1 min read · 24 July 2017
Rayonier Advanced Materials Inc said it raised its offer price for Canadian paper and cellulose pulp maker Tembec Inc to $4.75 per share, valuing the deal at $475 million (US$378.6 million), excluding debt, Reuters reported. Oaktree Capital Management LP, Tembec's top shareholder which earlier opposed the deal, and another shareholder Bennett Management, agreed to vote for the revised offer, Rayonier said. Oaktree last week asked other shareholders to reject Rayonier's deal, terming it as a "flawed" sale process that undervalued Tembec. Oaktree and Bennett together own about 37 percent of the company's outstanding shares. Rayonier said in May it would buy Tembec for US$807 million, including US$487 million of debt.
2 min read · 24 July 2017
Ferrara Candy Co, the owner of candies such as Lemonheads and Now & Later chews, is preparing to participate in the auction for Swiss food group Nestle SA's (NESN.S) U.S. candy business, sources told Reuters.
2 min read · 24 July 2017
Louis Dreyfus Company has agreed to sell its African fertilizer business to Helios Investment Partners, sealing the first of a series of divestments planned by Louis Dreyfus as it responds to a tough cycle for agricultural commodity traders, Reuters reported.
2 min read · 24 July 2017
Ride-hailing firm Grab expects to raise $2.5 billion to spend extending its lead over Uber Technologies Inc and expanding into financial services, in the latest injection of funds into Southeast Asia's burgeoning tech scene, Reuters reported.
3 min read · 24 July 2017
Blackstone Group (BX.N) is in advanced talks to pay $400 million for 40 percent of privately held Israeli firm NSO Group, a maker of spyware for mobile devices, Israel's Calcalist business newspaper reported on Sunday.
2 min read · 24 July 2017
Swiss asset manager Partners Group has agreed to buy Civica from OMERS Private Equity in a deal valuing the U.K.-based software firm at around 1 billion pounds ($1.30 billion), Reuters reported.
1 min read · 24 July 2017
Private equity firm KKR & Co LLP (KKR.N) is nearing an all-cash deal to acquire WebMD Health Corp, a U.S. online health publisher with a market capitalization of $2.1 billion, Reuters said.
2 min read · 24 July 2017
2 min read · 24 July 2017
Private equity firms CVC and PAI Partners have agreed to jointly buy the remaining shares they did not already own in Spanish retailer Cortefiel, the company said in a statement on Friday, adding that the deal would help it reduce its debt.
1 min read · 21 July 2017
