The private equity owners of Neiman Marcus are either selling off the asset or would list an IPO to raise capital funds.
Deals
Buffett Rebuffs Suntech Rumor
Buffett denies speculation that Suntech is in the list of acquisitions of MidAmerican Energy. The chairman of Berkshire Hathaway, Warren Buffett has indicated that he has no plans to purchase Suntech Power Holdings Co.
Intel's McAfee Purchases StoneSoft
Intel's McAfee purchases firewall security software expert Stonesoft for Eur4.50 per share. The security software division of chipmaker giant Intel Corp, McAfee, announce plans to purchase network firewall software developer Stonesoft Oyj of Finland.
Linde's Acquisition Helps Boost Profits
Linde's acquisition of Lincare provides boost in profit for the first quarter. Linde, the world's second largest industrial gas producer, reported a 12.
Sub-Saharan Africa Sells Bond Market
Sub Saharan Africa a hotbed for bond yields according to Goldman Sachs. Many Sub-Saharan countries, aside from South Africa, have sold nearly US$7 billion in debt for the year.
Latest News
A consortium of private equity firms are in the process of buying out BMC Software. A consortium consisting of Bain Capital and Golden Gate Capital Corp are near to finalizing a deal that would lead to the acquisition of BMC Software.
The M&A market is now primed for growth after a dip in the past few months. Cash rich companies are now in the midst of a mergers and acquisition spree that can help boost the European equities market rally after being stalled for quite some time.
Qatar's investment firm Qatar Foundation Endowment purchases five percent shareholdings in Bharti Airtel.
UBS, in line with its austerity measures, is decreasing its office space in UBS building, Manhattan.
The Commercial Bank of Rwanda is the first IPO to be done in the Rwandan Stock Exchange. Rwanda has just announced that two companies, namely the Commercial Bank of Rwanda and the national air carrier RwandAir would be listing in the country's fledgling stock market.
Kingdom Holding obtains refinancing for its Savoy Hotel purchase loan. In an announcement, Saudi Arabia's Kingdom Holding Co agreed to enter into a refinancing agreement on the debt it had used to purchase the Savoy Hotel in London.
New Century prepares for an IPO estimated to earn US$300 million. China's largest privately owned hotel chain mogul, the New Century Hotel Group, is planning to raise US$300 million in its first initial public offering by a real estate investment trust within the next two years.
Reliance deemed as frontrunner to acquire IMG. In a report from the Indian Express, it was disclosed that the Chairman of Reliance Industries Ltd. Mukesh Ambani is in discussion regarding the acquisition of IMG Worldwide, a talent agency based in New York, according to anonymous Reliance officials.
Vinik Asset Management is set to wind up its business, according to a report from the Wall Street Journal.
