Catherine Badour
Brazilian credit card processing firm Stone Pagamentos SA is planning its initial public offering in New York by the second half of the year, sources told Reuters, to raise funds to compete with larger rivals Cielo SA (CIEL3.SA) and the Rede division of Itaú Unibanco Holding SA (ITUB4.SA).
Hudson River Trading LLC has agreed to buy Sun Trading parent Sun Holdings LLC, it said on Tuesday, the latest takeover in a shrinking high frequency trading industry beset by low market volatility and rising costs, Reuters reported.
U.S. private equity firm Carlyle Group (CG.O) is considering an initial public offering (IPO) of its minority holding in Turkish lingerie and swimsuit retailer Penti, three people familiar with the matter told Reuters
Swiss airline Belair, formerly part of collapsed low-cost carrier Air Berlin (AB1.DE), has been taken over by German investment company SBC, Reuters reported.
U.S. financial technology firm Blackhawk Network Holdings Inc (HAWK.O) said on Tuesday it would be acquired by private equity firms Silver Lake and P2 Capital Partners in an all-cash deal worth about $3.5 billion including debt.
The state owners of Germany’s HSH Nordbank [HSH.UL] on Monday agreed to exclusive talks with potential buyers J.C. Flowers and Cerberus as long-running attempts to privatize the ailing bank near conclusion, sources told Reuters.
Xiaomi has tapped CLSA, Goldman Sachs and Morgan Stanley as joint sponsors for its proposed IPO, sources told Reuters, in what could potentially value the Chinese smartphone maker at up to $100 billion.
SoftBank Group Corp (9984.T) said on Monday it was considering listing its Japanese wireless business - a move that could reportedly raise $18 billion and would accelerate the conglomerate’s transformation into one of the world’s biggest tech investors.
BlackRock Inc (BLK.N) has profited by being beating its competitors in exchange-traded funds to the punch, but Chief Executive Officer Larry Fink seems happy to be out of step with at least one trend - the race to build a bitcoin fund, Reuters reported.
SS&C Technologies Holdings Inc (SSNC.O) is in advanced talks to acquire DST Systems Inc (DST.N) for more than $5 billion, as it seeks to expand its footprint in financial technology software, Reuters reported.