Catherine Badour
BJ’s Wholesale Club Holdings Inc expects its initial public offering to be priced between $15 and $17 per share, giving the warehouse club operator a market capitalization of up to $2.15 billion, Reuters reported.
U.S. hotel owner LaSalle Hotel Properties (LHO.N) on Monday sided with Blackstone Group LP’s (BX.N) all-cash offer to buy the company, as it looks to thwart Pebblebrook Hotel Trust’s (PEB.N) takeover bid.
W.P. Carey Inc (WPC.N) said on Monday it plans to buy commercial real estate owner Corporate Property Associates 17 – Global Inc in a deal valued at about $6 billion, making it one of the largest real estate investment trusts in the United States.
Investors are taking the fight against an assault on leveraged loan documentation to the courts as more private equity-backed companies, such as troubled retailer PetSmart, seek flexibility that could lead to raising new debt, Reuters reported.
China is yet to approve U.S. chipmaker Qualcomm Inc’s (QCOM.O) proposed $44 billion acquisition of NXP Semiconductors (NXPI.O), three people close to the talks said, dismissing an earlier media report that said Beijing had already greenlit the deal, Reuters reported.
Intesa SanPaolo (ISP.MI) is still in the early stages of looking for an investor in its wealth management unit and is talking to several potential partners, the chief executive of Italy’s biggest retail bank said on Friday.
Apollo Global Management (APO.N) has halted plans to sell U.S. military security services business Constellis after talks with Canada’s Garda World Security Corp [GWSC.UL] broke down, sources told Reuters.
OC Oerlikon (OERL.S) will sell shares of its drive systems business which makes transmissions for Lamborghini and Ferrari as it raises money to bolster its surfacing and textile machinery units, the Swiss technology group said on Friday.
Swire Properties Ltd (1972.HK) plans to sell two office towers in Hong Kong for HK$15 billion ($1.9 billion) to Henglilong Investments Ltd, the latest deal in one of the world’s most expensive commercial property markets, Reuters reported.
Finnish real estate company Kojamo Oyj on Thursday was valued at 2.1 billion euros ($2.5 billion) in its initial public offering ahead of its market debut on Friday, Reuters reported.