Catherine Badour
Canadian landlord Oxford Properties Group has sweetened its bid for Australian office owner Investa Office Fund (IOF.AX) to A$5.60 ($4.02) per share, escalating a bidding war with private equity giant Blackstone Group (BX.N), Reuters reported.
Private equity firms Investindustrial and Carlyle Group teamed up to create a high-end interior design group, with total sales of more than 500 million euros ($580 million), Reuters reported.
Japan’s Pioneer Corp secured a bailout worth up to 60 billion yen ($540 million) from Baring Private Equity Asia, after failed bets on car navigation and audio systems saddled it with debt and pushed it into the red, Reuters reported.
The U.S. Securities and Exchange Commission said on Sunday it was immediately suspending trading in two investment products that track cryptocurrencies, citing confusion in the markets over whether the products are exchange-traded funds (ETFs), Reuters reported.
San Francisco technology start-up Chain Inc. has been acquired by Lightyear Corp., a company focused on the Stellar blockchain, Chain Chief Executive officer Adam Ludwin told Reuters.
Financial software company SS&C Technologies Holdings Inc (SSNC.O) is nearing a deal to buy data-sharing platform Intralinks Inc, in what would be its third major acquisition this year, sources told Reuters.
Blackstone-backed pipeline company EagleClaw Midstream Ventures LLC said on Wednesday it would buy rival Caprock Midstream Holdings for about $950 million, strengthening its presence in the oil-rich Permian Basin.
Australian office landlord Investa Office Fund (IOF.AX) said it will study a $2.4 billion takeover bid from Canada’s Oxford Properties Group, an offer that was criticized by rival suitor Blackstone (BX.N) which also threatened to drop its own bid.
Theranos Inc, the once-celebrated Silicon Valley blood-testing firm, is about to dissolve itself months after top executives were indicted for defrauding investors, the Wall Street Journal reported on Wednesday.
Oil and gas producer Southwestern Energy Co (SWN.N) agreed to sell its Fayetteville shale assets in Arkansas to privately owned Flywheel Energy LLC in an all-cash deal valued at about $1.87 billion, Southwestern said on Tuesday.