(Reuters) – Mediacom Communications Corp (MCCC.O) said Chief Executive Rocco Commisso has offered to take the cable television system operator private at $6 a share, a premium of 13 percent to the stock’s Friday closing price. Commisso intends to buy all outstanding Class A and Class B common stock of the company he founded. As […]
Oak Hill Capital Partners has completed its previously-announced acquisition of The Hillman Companies Inc. from Code Hennessy & Simmons, Ontario Teachers’ Pension Plan and certain members of company management. The deal was valued at $815 million, with Hillman’s publicly traded trust preferred securities to remain outstanding on the NYSE-AMEX. Hillman is a Cincinnati-based distributor of hardware items to retail customers. […]
Genband, a Plano, Texas-based provider of IP infrastructure solutions, has acquired most of the assets of Nortel Networks' carrier VoIP and applications solutions businesses, for approximately $282 million. Genband was being backed on the deal by existing shareholder One Equity Partners.
Covidien (NYSE: COV) has sold its U.S. radiopharmacy network to Triad Isotopes Inc., an Orlando, Fla.-based provider of radiopharmaceuticals that are used for both diagnostic imaging procedures and disease treatment. No financial terms were disclosed. Triad Isotopes is a portfolio company of Parthenon Capital.
(Reuters) – U.S. private equity firm Blackstone Group LP (BX.N) has emerged as a leading participant to buy electronics retailer RadioShack Corp (RSH.N) after an initial round of bids were completed last week, the New York Post said, citing sources familiar with the matter. On March 26, the newspaper reported that RadioShack is exploring alternatives […]
(Reuters) – Private equity firm CVC Asia-Pacific is in talks with Kohlberg Kravis Roberts & Co [KKR.UL] about joining KKR’s $1.5 billion bid for Healthscope (HSP.AX), two sources familiar with the situation said “At this stage they are not together, but it is highly likely they will be,” a source, speaking on condition of anonymity […]
HELSINKI (Reuters) – France’s TDF said it planned to sell or close its loss-making Finnish mobile broadband network, one of the first of its kind in the world. Finland in 2005 awarded Digita, local unit of TDF, a licence for the network using Flash-OFDM technology in 450 MHz radio spectrum, enabling coverage across long distances […]
(Reuters) – Santander (SAN.MC) and National Australia Bank (NAB.AX) are through to the next round of bidding for 300 branches being sold by Royal Bank of Scotland (RBS.L), pulling ahead of rival suitor BBVA (BBVA.MC), a source familiar with the matter said. RBS has asked BBVA to come up with improvements to its original bid, […]
SYDNEY (Reuters) – A private-equity bidding war broke out for Healthscope (HSP.AX) on Monday as Australia’s second-largest hospital owner received two more takeover approaches, both valuing it at A$1.84 billion ($1.56 billion). Buyout firm Kohlberg Kravis Roberts & Co was one of the new bidders, according to two sources familiar with the situation. One of […]
(Reuters) – Ply Gem Holdings Inc filed with U.S. regulators on Friday to raise up to $300 million in an initial public offering of common stock. The North Carolina-based company told the U.S. Securities and Exchange Commission in a preliminary prospectus that J.P. Morgan Securities, Goldman Sachs, Credit Suisse, UBS Securities and Deutsche Bank were […]