SRA International said Friday that shareholders have voted to approve the takeover by Providence Equity Partners. At the special meeting of shareholders, 94.7% of the total outstanding shares of SRA's common stock, and 81.3% of the total outstanding shares of Class A common stock voted to approve the merger. SRA, in April, announced that Providence had agreed to pay $1.88 billion to buy SRA, a provider of technology and strategic consulting services.
Charter International rejected a new offer from manufacturing buyout firm Melrose that valued the British industrial toolmaker at 1.4 billion pounds ($2.3 billion), Reuters wrote Friday. The offer was 8% higher than an earlier offer from Melrose, Reuters said.
(Reuters) – Global cruise line operator Norwegian Cruise Line Holdings Ltd filed with U.S. regulators to raise up to $250 million in an initial public offering. After the company reorganizes itself following the close of the offering, it will become the parent company of NCL Corporation, which shelved its plans to go public, according to […]
Real estate website Zillow Inc. has upped the range for its initial public offering to between $16 and $18 per share. The Seattle-based company previously priced the IPO at $12-$14 per share. The company expects to raise about $56.8 million from the offering, when calculated at the mid point of its price range and after deducting underwriting discounts and commissions, Reuters wrote Friday.
Australian fast-food group Collins Foods, which is owned by Pacific Equity Partners, has priced its initial public offering at the bottom of a planned range, raising $215.2 million. The company will offer 80.7 million shares for $2.66 per share, Reuters reported. Collins Foods operates Australia’s largest KFC franchise, and owns 85 Sizzler restaurants.
Advent International has sold its remaining 10% stake in Cetip, Latin America’s largest depositary of private fixed-income securities and Brazil’s largest private asset clearinghouse. The firm is selling its stake to publicly traded IntercontinentalExchange, which will purchase 12.4% of Cetip’s shares from Advent and other shareholders. IntercontinentalExchange will pay $512 million in cash for the stake.
Boathouse Capital, a firm based in suburban Philadelphia, has closed on $120 million for its new debt fund, which will focus on mezzanine debt and equity in lower middle market companies. The firm will invest between $2 million and $12 million into companies with a minimum of $2 million EBITDA.
Wow! Google crushes earnings Lawyer Up: News Corp. hires top defense attorney… Also! And sacks Brooks! Piece of the Pie: More banks loading onto Groupon
Buyout shop Affinity Equity Partners has submitted a final bid for Australian meat products firm Primo Smallgoods, Reuters reported Friday. Primo Smallgoods could reportedly fetch as much as $1 billion, and Affinity has arranged about $622 million in financing from 11 banks, Reuters reported.
Billionaire Carl Icahn has offered $10.2 billion to buy Clorox Co., Reuters reported. At $76.50 per share, the offer represents an 11% premium to the company’s closing price Thursday. Icahn bought a stake in the company in February, and said he owns 9.4% of its outstanding stock. Icahn also said he had arranged for $7.8 billion in financing for the deal through Jefferies & Co., Reuters wrote.