Reuters News

CVR Energy Inc., which has been opposing Carl Icahn‘s $2.26 billion bid to buy the crude oil refiner, said it had held discussions with the billionaire investor regarding his offer and proxy fight, Reuters reported Friday. However, no confidential information was provided to Icahn, CVR said in a filing with the Securities and Exchange Commission. […]

While the US M&A scene appears to becoming increasingly friendly, uncertainty in Europe has made exit opportunities few and far between.

PE sponsor Hellman & Friedman is heading for the exits... and restructuring firm AlixPartners is going along for the ride, sources tell Reuters.

In 2012, it has been a tale of two IPO markets for private equity firms going public, and VC firms taking hot startups to eager investors.

Specialty chemicals maker Cytec Industries Inc. said it made an offer valued at about $439 million for British aerospace parts supplier Umeco Plc, Reuters reported Thursday. The boards of both companies have unanimously approved the transaction. Cytec said it had received commitments from Umeco’s top three shareholders – BlackRock, Hermes and Aberforth – to vote […]

KKR & Co. has agreed to invest $65 million in China Cord Blood Corp., the two companies said in a joint statement on Thursday, the global private equity firm’s first healthcare investment in China. KKR’s investment through a convertible bond into China’s largest cord blood storage company will give the private equity firm about 24% […]

Oaktree Capital priced 8.84 million shares at $43, raising $380.3 million in its Wednesday IPO, according to a source. The PE firm hoped to sell 11.3 million shares at between $43 and $46 each.

In a blow to its private equity backers Oaktree Capital Management and Apollo Global Management, aluminum processor Aleris postponed its planned $500 million IPO on Wednesday.

Volkswagen‘s luxury-car division Audi plans to announce the acquisition of Ducati next week, having completed a due diligence assessment of the Italian motorcycle maker, Reuters wrote Wednesday, citing people familiar with the matter. One of the sources said that Ducati’s main shareholder, buyout firm Investindustrial, agreed to talk with Audi exclusively. (Reuters) – Volkswagen’s luxury-car […]

There are more travel websites out there than one could shake a stick at... so, how much of a premium will Travelzoo fetch in an auction, given how far its shares have fallen?