Tag Archives: acquisition


Adaptec says Steel Partners would gut company

Reuters – Adaptec Inc, target of a proxy war led by Warren Lichtenstein’s Steel Partners, said on Tuesday the activist hedge fund wants to gut the data storage technology company, shed assets and create an acquisition vehicle fueled by Adaptec’s […]

Investors eye top startups as IPO market awakens

Reuters – Investors, encouraged by a growing number of acquisitions and public floats in the past few months, are keeping a close eye on a coterie of promising startups in Silicon Valley. An informal poll of venture capitalists and others […]

Investors eye top startups as IPO market awakens

Reuters – Investors, encouraged by a growing number of acquisitions and public floats in the past few months, are keeping a close eye on a coterie of promising startups in Silicon Valley. An informal poll of venture capitalists and others […]

Market Chatter — Corporate finance press digest

Reuters – The following corporate finance-related stories were reported by media on Friday: * Fortress Investment Group, among the largest private equity and hedge fund firms, is looking to go on an acquisition drive, the Financial Times said, citing a […]

Hedge funds ready to hang up on TDC

Copenhagen Post – The largest business deal in the country?s history could turn into a stock market selloff by the five capital funds that purchased telecommunications company TDC for a record sum in 2006. The largest business deal in the […]

Lawmaker accuses Fed of ‘over-up’ in BofA deal

Reuters – The Federal Reserve sought to hide its involvement in Bank of America Corp‘s (BAC.N) acquisition of Merrill Lynch as Merrill’s financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said on Wednesday. The […]

Calpers to expand private-equity, VC investments

Reuters – The California Public Employees’ Retirement System (Calpers), which manages $169 billion in public pension funds, may boost its private-equity investments by around 40 percent as slumping markets create some acquisition bargains. Calpers’ board next week is scheduled to […]

Pearl chief Hugh Osmond pays price for capital boost and debt cut

Times Online – Hugh Osmond is sitting on a multimillion-pound paper loss after his Pearl Group life assurer agreed a deal to trim its £3 billion debt burden and bring in new equity investors. Pearl secured a £500 million injection […]

Et-China soars after Kuoni buys hedge fund’s 31.8 pct stake in company

Proactive Investors UK – Shares in Et-china.com International Holdings LTD (AIM: ETC) got an enormous boost today from news that Kuoni Travel Holding Ltd has bought the 31.8 percent stake in the company that was held by hedge fund Gandhara […]

Glaxo to buy Stiefel Labs for up to $3.6 billion

Reuters UK – GlaxoSmithKline Plc, the world’s second-largest drugmaker, has agreed to buy privately owned U.S. skincare specialist Stiefel Laboratories Inc for up to $3.6 billion, the two companies said on Monday. The acquisition is the latest in a string […]

Private equity firm takes 40% stake in Panmure

ShareCast – Private equity group BlueGem is to take a 40% stake in stockbroker Panmure Gordon in a move that will inject £17.3m of capital into the broker.Panmure Gordon has placed 72m new shares with BlueGem at 24p per share. […]

UPDATE 1-Pamplona buys bankrupt auto supplier TMD Friction

Reuters – TMD Friction, a bankrupt German maker of brake pads for the auto industry, has been bought by private equity firm Pamplona Capital Management, TMD said on Friday. Both sides declined to comment on the sale price. The acquisition […]

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