National Financial Partners seeking new private equity funding. The wealth management company headed by Jessica Bibliowicz is exploring a potential sale according to three individuals who spoke on condition of anonymity.
Deals
Khazanah Bids for GE's Stake in Thai Bank
Malaysia's Khazanah bids for GE shareholdings in Ayudhya Bank of Thailand. Malaysia's state sovereign fund Khazanah Nasional Bhd had offered to purchase General Electric's stake in Bank of Ayudhya.
Medpro Worth More According to Shareholder
Cipla Medpro shareholder criticizes low ball offer by Cipla for buyout. One of the top stockholders in Cipla Medpro has said it would require Cipla Ltd to increase its US$500 million offer to purchase the third largest generics drug firm in South Africa.
Anschutz Pulls Plug on Sale
AEG now off the market according to owner Phil Anschutz. Phil Anschutz, billionaire owner of AEG, has pulled out his sports, music and arena company from the market.
Apollo Selling Shares in Dish TV India
Apollo divesting shares in India's direct to tv market with sale of Dish TV India shares. Apollo Global Management LLC is on the verge of selling its 11% stake in Dish TV India Ltd.
Latest News
Dean Metropoulus front runner to purchase the iconic Hostess brand. Dean Metropoulus is a giant in the food industry business but not a household name yet, though this may change upon his purchase of iconic snack cake brand Hostess.
Kroenke Sports acquires Outdoor Channel despite previous merger plans with Intermedia. After a heated discussion, Kroenke Sports and Entertainment LLC has acquired Outdoor Channel Holdings Inc.
RBS to sell off shares in business interests. The Royal Bank of Scotland has put into motion its plan to further reduce its exposure in Direct Line. The move is to take advantage in the 20% rise in the insurer's share price since its flotation last year.
Alfa's share in the TNK-BP takeover by Rosneft to be reinvested. Alfa Group, the group that brokered the deal from the sale of the joint venture giant TNK-BP, is now discussing with former BP CEOs John Browne and Tony Hayward as to international oil venture projects.
Reliance Games expands into Korean and Japanese markets with acquisitions. Reliance Games is the mobile gaming subsidiary of Reliance Big Entertainment Pvt Ltd.
Walmart's ASDA to bid for beleaguered HMV. According to reports from the Telegraph, ASDA, the British division of US's biggest retailer Wal-Mart Stores Inc is contemplating a bid proposal for HMV, the former music retailer.
Berger Paints purchases Sherwin-Williams India. The Indian unit of American paint firm Sherwin-Williams was recently acquired by Berger Paints India Ltd.
EMC and VMware venture into Pivotal to maximize asset potential. Software giant VMware Inc has projected revenue growth in the high 20's by year 2016 as its parent company EMC Corp announced a new revenue target.
Samsung's offer to purchase copier and printer unit declined by Sharp. Sharp Corp has declined an offer by Samsung Electronics to purchase its copier and printer unit.
