(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 […]
Accretive Health Inc., a Chicago-based provider of healthcare revenue cycle management services, has set its IPO terms to 13.33 million common shares being offered at between $14 and $16 per share. It would have an initial market cap of approximately $1.44 billion, were it to price at the high end of its range. The company […]
Interxion, a Dutch data storage company, said that it has filed for an IPO of ordinary shares in the U.S. The filing is not yet available on the SEC website. The company is controlled by Baker Capital.
BOSTON (Reuters) – Sophos, the biggest privately held security software maker, has agreed to sell a majority stake to private equity firm Apax Partners, ditching efforts to take itself public. The deal values the British company at about $830 million, Sophos spokesman Mike Haro said on Monday. He said he could not provide other details […]
Fat Cat Homes: Yes, in a cheap but effective pageview grab, Business Insider has detailed the 15 most expensive homes owned by bankers in Manhattan. Let the populist rage begin! (BI) To skip to Steve Schwarzman's $30 million home, which includes 11 fireplaces, 37 rooms, 43 closets, a gym, sauna, steam room, pool room, screening room and servant's quarters, click here. There's also Steve Feinberg's Egyptian mansion. Hmm: Goldman Sachs clients are preparing to sever ties. (All except Blackstone...) (Independent) Continental and United Complete Each Other: The gushy conference call and press release from the "merger of equal" airlines was a little too Jerry Maguire for Deal Journal. (DJ) Also, the deal was prompted by jealousy? Email Battles: Wall Street Defender versus Wall Street Antagonist. Groundbreaking Research: Bullies still pick on fat kids. In other research news, there is still no cure for cancer. (U.S. News & World Report)