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.
Deals
Reckitt Goes Big on OTC Healthcare With $1.4bn Buyout of Schiff
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.
NY-based Strategic Hotels & Resorts Seen as Potential Takeover Candidate
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.
Fast Retailing Buys 80.1% Stake in J Brand to Grow U.S. Presence
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.
UPS, TNT initiate Remedial Steps to Actualize Merger Plan
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.
Latest News
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.
The world's largest genealogy website, Ancestry.com, has entered a merger agreement valued at $1.6 billion in a deal led by the European private equity firm Permira funds, and co-investors, the company announced Monday in a press release posted on its website.
The nationwide meningitis outbreak linked to a contaminated injectible steroid made by the New England Compounding Center has stalled the sale of an Illinois drug compounding company, the private equity backed Pharmedium Healthcare Corp., Dow Jones’ LBO Wire reported last week.
An Indian lawmaker has filed a complaint with the government claiming that Walmart illegally invested in a local supermarket chain in violation of rules restricting direct foreign investment in the retail industry. Regulators have begun an informal inquiry into the matter, according to an article in Friday's New York Times.
Waltham, Massachusetts-based electric car battery manufacturer A123 Systems Inc. filed for Chapter 11 bankruptcy protection Tuesday, The Wall Street Journal reported. The company's collapse has been called a setback for the Obama administration's efforts to foster a domestic market for electric vehicles running on U.S.-built batteries.
After months of negotiations, Australia's Nine Entertainment television network, one of the country's biggest and best known, has agreed to swap more than $3 billion in debt for equity, Reuters reported Wednesday.
Carlyle is planning the acquisition of a regional franchise as a tuck-in, or bolt-on acquisition for its Alamar food business in Saudi Arabia, which it bought a 43 percent stake in in December, and it is currently in the due diligence phase.
The Japanese telecommunications company Softbank Corp. has struck a deal to buy a 70 percent stake in Sprint Nextel for $20.1 billion.
