Reuters News
Winnebago Industries Inc., the largest U.S. motor homes maker, said it received an unsolicited buyout offer from North Street Capital valuing the company at $321.5 million. The company said it has not received sufficient information to deem the $11 per share offer as credible, and asked its shareholders not to take any action. (Reuters) – […]
Pinterest just took on a big Asian investor, and Facebook hasn't picked up the market penetration there it might have hoped to receive. Now, it has to gain a full head of steam.
The family owners of Schustermann & Borenstein have mandated Goldman Sachs to sell the German clothing exporter, Reuters reported Friday, a move analysts expect to attract strong interest. Schustermann & Borenstein specialises in exporting clothing to eastern Europe and other non-EU countries. The company could attract private equity buyers, which may use it as an […]
Online jewelry retailer BIDZ.com Inc. said it will be taken private by Glendon Group Inc., in a deal valuing the company at about $14.3 million. Glendon will pay 78 cents per share, which represents a premium of about 60% to BIDZ’s Wednesday closing price. (Reuters) – Online jewelry retailer BIDZ.com Inc said it will be […]
Global insurers Manulife Financial Corp., Metlife and Prudential Financial Corp. are among suitors expected to place first-round bids on Friday to buy ING Groep’s Asia life insurance unit in a deal worth about $6.5 billion to $7 billion, Reuters reported. (Reuters) – Global insurers Manulife Financial Corp (MFC.TO), Metlife (MET.N) and Prudential Financial Corp (PRU.N) […]
Private equity firm Carlyle Group is in talks to sell its stake in Taiwan’s Ta Chong Bank to Yuanta Financial in a deal worth up to T$37 billion ($1.25 billion), Reuters wrote Friday. Carlyle is exiting its five-year investment in the small and slow-growing Taiwanese bank in a share swap deal that will also give […]
Outback Steakhouse operator Bloomin’ Brands filed with regulators to increase the size of its planned initial public offering to up to $345 million and named five more underwriters. The company, which filed a preliminary prospectus indicating an IPO of up to $300 million last month, said it intends to list its common stock on the […]
Mexican restaurant chain Taco Bueno has hired North Point Advisors to advise on a sale of the company, which could be valued at as much as $175 million, writes Reuters. Taco Bueno’s owner Palladium Equity Partners declined to comment through a spokesperson and North Point Advisors and Taco Bueno could not be reached for comment, […]
Private equity investor Cerberus has agreed to acquire roughly 22,000 German flats from insolvent Speymill Deutsche Immobilien, writes Reuters. As part of the deal, Cerberus is restructuring 985 million euros ($1.25 billion) in SDIC’s debt and will inject an undisclosed sum of fresh capital, according to Reuters. Reuters – Private equity investor Cerberus has agreed […]
L Capital Asia, a private equity fund backed by LVMH, has appointed retail industry veteran Uday Mehra as managing director, writes Reuters. Mehra has spent the last 20 years developing retail brands such as Tommy Hilfiger and Nike. Reuters – L Capital Asia, a private equity fund backed by LVMH, said on Thursday it has […]