Catherine Badour
U.S. exchange operator CME Group has made a $5.5 billion offer to buy NEX Group to create a cross-border powerhouse for investors trading in the multi-trillion dollar foreign exchange and government debt markets, Reuters reported.
The U.S. Securities and Exchange Commission has charged Wedbush Securities Inc for failing to supervise an employee after the broker-dealer ignored red flags that the employee was involved in a “long-running pump-and-dump scheme targeting retail investors,” the agency said in a statement on Tuesday.
Private equity firm Platinum Equity’s US$2.1bn offer to acquire blood glucose monitoring systems maker LifeScan, Inc from US health care products company Johnson & Johnson is backed by US$1.875bn of loans, sources told Reuters.
Rio Tinto (RIO.AX) (RIO.L) sold its remaining coal asset Kestrel in Australia to private equity manager EMR Capital and Indonesia’s Adaro Energy Tbk (ADRO.JK) for $2.25 billion, the major said on Tuesday, making good on a pledge to exit the fuel.
Immofinanz (IMFI.VI) dismissed a bid by U.S. private equity firm Starwood Capital Group for a stake in the Austrian property group, saying the price it was offering was too low, Reuters reported.
Britain’s Green Investment Group (GIG), a Macquarie Group (MQG.AX) unit, said on Tuesday it acquired a 25-percent interest in the Westermost Rough offshore wind farm from Marubeni Corporation (8002.T).
Private equity firm Abraaj Group is considering selling part of its investment management business as it seeks to stem the fallout from a dispute with investors in one of its funds, Reuters reported.
Southeastern Grocers LLC, the Florida-based operator of supermarket chains Winn-Dixie and Bi-Lo, said on Tuesday it filed for Chapter 11 bankruptcy protection to restructure debt, Reuters reported.
Yeti Holdings Inc YETI.N, a U.S. maker of “built-for-the-wild” coolers, said on Monday it has withdrawn its initial public offering, citing current “market conditions."
U.S. building products maker USG Corp (USG.N), backed by Warren Buffett, rejected an unsolicited buyout offer from its second-biggest shareholder, Germany’s Gebr Knauf KG, saying the offer substantially undervalued the company, Reuters reported.