Even as private equity and other investors train attention on Australian food manufacturers, reports indicate that Blackstone Group LP and China's agribusiness firm New Hope Group have entered the final round of bidding for Australia's largest poultry producer Inghams Enterprises which owns the Ingham Chicken brand.
Deals
KIT Digital's Ex-CEO Lowers Offer Price to Take Company Private
Kit Digital Inc's former chief executive significantly lowered the price he was willing to pay to buy the video technology provider, citing the company's worsening liquidity and capital structure issues.
Citigroup Cutting 11,000 Jobs, Taking $1 Billion in Charges
Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.1 billion a year in expenses.
UBS NEARS DEAL WITH UNITED STATES, UK OVER LIBOR
Swiss bank UBS AG is nearing a deal to settle claims some of its staff manipulated interest rates and could reach agreement with U.S. and British authorities by the end of the year, a person familiar with the matter said on Monday.
Mitsubishi Heavy, Hitachi Bring Together Thermal Power Biz
Japanese conglomerates Mitsubishi Heavy Industries and Hitachi Ltd have decided to merge their thermal power businesses to take a vantage position in the domestic fossil-fuel power business.
Latest News
Even as consumer companies and prescription drug-makers zero in on emerging opportunities in the OTC healthcare market, global consumer goods major Reckitt Benckiser has inked a deal to acquire US group Schiff Nutrition for $1.4 billion.
New York-based $1.2-billion Strategic Hotels & Resorts Inc., which owns some of the best-known luxury lodgings in the US like Essex House and Ritz-Carlton Half Moon Bay in California, is beeping loud on the takeover radar following the exit of its founder Laurence Geller as CEO and President.
Leading Japanese retail holding company Fast Retailing has decided to buy an 80.1 percent stake in U.S. denim maker J Brand Holdings from Star Avenue Capital and J Brand management for a total consideration of $290 million.
The world's biggest package-delivery company United Parcel Service Inc. (UPS), is reviewing its $6.7 billion purchase of TNT Express NV to ensure compliance with the anti-trust regulations in European Union. UPS would have doubled its size in Europe with the buyout.
Family networking and genealogy website MyHeritage said it bought rival Geni.com as it continues to expand into the United States.
Private equity firms' returns from investing in European buyouts have beaten the European stock market index over the last 10 years, according to data from Thomson Reuters.
Following a scandal involving the former co-Chair of the high-end online and retail furniture store, Restoration Hardware, the company is planning to sell 5.2 million shares in an Initial Public Offering, The New York Times reported in Dealbook, based on papers filed Tuesday.
Rumor has it that the world's top golfer, 23-year-old Irishman Rory McIlroy, is on the verge of signing a 10-year deal with Nike, worth $250 million, according to major media sources.
AirBnb Inc., which allows travelers to rent private accommodations online around the world, is in discussions with the venture capitalist Peter Thiel about an investment of approximately $150 million, according to inside sources, as reported by The Wall Street Journal.
