Catherine Badour
U.S. girls’ accessories retailer Claire’s Stores Inc has hired investment bank Lazard Ltd (LAZ.N) to advise it on ways to address its debt burden, it told Reuters on Monday, as several brick-and-mortar store operators suffer from a drop in mall traffic.
Instone Real Estate Group, a German residential property developer, said on Monday it planned to list its shares on the Frankfurt Stock Exchange this year.
SRS Distribution Inc, a U.S. private equity-owned wholesale distributor of building products, is exploring a sale that could value the company at close to $3 billion, including debt, sources told Reuters.
Philadelphia Energy Solutions LLC, the owner of the largest U.S. East Coast oil refining complex, announced to its employees on Sunday that it plans to file for Chapter 11 bankruptcy, according to an internal memo reviewed by Reuters.
Bank Leumi (LUMI.TA) has agreed to sell a 15 percent stake in its subsidiary Bank Leumi USA for $141 million to two strategic investors, who will bring the bank expertise in U.S. financial services, Israel’s second-largest lender said on Monday.
Chinese conglomerate Dalian Wanda Group has tapped three banks including Citigroup Inc and UBS Group AG to work on a proposed initial public offering for its sports businesses, four people with knowledge of the matter told Reuters.
Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a major stake in its Brazilian operations, Reuters reported.
Toshiba Corp is considering an IPO of its prized memory chip business if an agreed $18 billion sale to a Bain Capital-led consortium fails to gain antitrust approval by the end of March, the Financial Times reported on Monday.
China’s Ping An Insurance Group has raised nearly $1 billion for a medical data collection and analysis business ahead of a Hong Kong IPO, sources told Reuters, in what would be the second healthcare unit it plans to bring to market.
U.S. security company ADT Corp (ADT.N), owned by private equity firm Apollo Global Management LLC (APO.N), said on Thursday its initial public offering (IPO) was priced well below its expected range, signaling investors are being picky about new offerings.