FRANKFURT (Reuters) – German property company GSW (GIBG.DE) has called off plans to float its shares on the stock market amid concern about the turmoil on equity markets triggered by Greece’s debt crisis. “Since announcing its intention to float there has been significantly increased volatility and uncertainty in global equity markets,” the company said in […]
HONG KONG/SYDNEY (Reuters) – Australia and New Zealand Banking Group Ltd (ANZ.AX) has hired Goldman Sachs JBWere and JP Morgan (JPM.N) to advise on its bid for a majority stake in Korea Exchange Bank (004940.KS), sources said on Wednesday, in what is expected to be a more than $4 billion deal. Sources told Reuters last […]
NEW YORK (Reuters) – Snow plow and salt- and sand-spreader maker Douglas Dynamics Inc (PLOW.N) cut the expected price range in its initial public offering and delayed its pricing, according to an underwriter on Tuesday. The price range was cut to $11.25 to $11.75 from $14 to $16 and the IPO pricing was delayed to […]
Here are some potential target ideas, rumored or official, to jumpstart your deal pipeline. Our sources are various news reports and the Buyouts “Seeking Buyers” list. Bigpoint GmbH, the German online gaming portal, is considering a sale, mergermarket reported. The company hired Montgomery & Co. has to help it explore strategic alternatives after receiving inbound interest in the company. The Washington Times is for sale by its owner, Unification Church. (AP) Royal Bank of Scotland continues to seek buyers for Hanco, its ATM business.
(Reuters) – Avis Budget fired its first salvo in what could turn out to be a protracted takeout saga for Dollar Thrifty, as the dwindling number of players in the car rental market is likely to draw scrutiny from antitrust regulators. Avis Budget (CAR.N) surprised investors on Monday when it said it was willing to […]
NEW YORK (Reuters) – Dutch company NXP Semiconductors NV, whose parent is preparing a possible $1.15 billion U.S. initial public offering, said on Tuesday its quarterly loss fell by more than half as sales improved. NXP said its first-quarter net comprehensive loss fell 52 percent to $289 million from $598 million a year earlier. Sales […]
LONDON (Reuters) – British media group Pearson Plc (PSON.L) agreed to sell its 61 percent stake in financial data provider Interactive Data (IDC) (IDC.N) for $2 billion in cash, which it will use for faster expansion and acquisitions. The sale is part of a deal under which the whole of IDC will be acquired by […]
HONG KONG (Reuters) – Jiangsu Rongsheng Heavy Industries Co Ltd has appointed Morgan Stanley (MS.N) and JP Morgan (JPM.N) to finalise plans for its long-awaited IPO in Hong Kong, aiming to raise up to $1.5 billion in the fourth quarter, sources told Reuters on Tuesday. This is Rongsheng’s latest bid to go public after it […]
LONDON (Reuters) – British gaming software company Inspired Gaming Group (INGG.L) agreed to a 74.4 million pound ($113.5 million) takeover from UK private equity firm Vitruvian Partners, bringing eight months of offer talks to a close. The offer of 60 pence in cash per Inspired share on Tuesday represents a 21 percent premium to the […]
LONDON (Reuters) – Warburg Pincus is buying British discount retailer Poundland from fellow private equity company Advent International in a deal one person familiar with the process said was worth about 200 million pounds ($305 million). Warburg Pincus said on Tuesday it was acquiring a majority stake with the management of Poundland, led by Chief […]