Exits

Queensland sells USD350 million of Aurizon stake

The government of Queensland has exited its 74.3 million shares worth USD350 million in the formerly state-owned coal and bulk freight rail company Aurizon, reducing its stake in the firm to under 5%.

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QEP Resources bows to activist hedge fund pressure, to spin off business units

QEP Resources recently announced that it will split its QEP Field Services division to a separate entity as well as its holding in QEP Midstream Partners. QEP Resources had been under fire from activist hedge fund Jana Partners.

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Kate Spade may become the next hot acquisition- report

According to a Bloomberg report, Fifth & Pacific's designer handbag maker Kate Spade may become the next hot acquisition for buyout firms and retailers after the company sells Juicy Couture and Lucky Brand.

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Private equity firm makes $625M from quick flip of Digital Insight in 124 days - report

Private equity firm Thoma Bravo's quick flip of Digital Insight to NCR Corp just 124 days after it acquired the firm from Intuit was highly profitable for the company, a report from The New York Times The Dealbook said.

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ThyssenKrupp to raise EUR907 million in capital increase following Alabama plant exit

German industrial conglomerate ThyssenKrupp AG reportedly plans to put up for sale its 51.5 million new shares in a capital increase. The deal could bring in EUR907 million (USD1.23 billion) to the company.

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QEP RESOURCES TO PURSUE A SEPARATION OF ITS MIDSTREAM BUSINESS, QEP FIELD SERVICES CO INCLUDING CO'S INTEREST IN QEP MIDSTREAM PARTNERS, LP

Oil producer QEP Resources Inc said on Monday it would spin off its pipeline business, bowing to pressure from activist hedge fund Jana Partners LLC.

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Dow Chemical said it will exit from assets worth $5B

Dow Chemical revealed its plans today to divest its USD5 billion worth of assets, which was way more than the range chief executive Andrew Liveris initially declared in October.

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US major banks amass cash by rejecting US Treasuries in light of taper risk

Data gathered by the US Federal Reserve showed a decline of over USD80 billion in nanks' holdings in federal agency bonds and Treasuries, marking its first annual decline since 2007.

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Klepierre exits four Norway shopping centers for EUR 247 million

Klepierre exited from its four Norway shopping centers in a deal worth EUR 247 million or USD 336 million. The real estate investment trust is the second largest publicly-traded shopping mall operator in Europe.

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MBK, KB, Daishin bid for South Korea's Woori bad-debt unit, deal to reach KRW300 billion

South Korea is exiting from the country's second-biggest non-performing loan manager Woori F&I Co. Ltd. At least three bidders including MBK Partners, KB Financial Group and Daishin Securities will place their final bids for the bad-loan unit.

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Italian banks exit 59.3% stake in SIA

Italian banks UniCredit, Intesa Sanpaolo SpA, Banca Monte dei Paschi di Siena SpA and BNP Paribas's BNL have agreed to sell a combined 59.3% stake in payment firm SIA.

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Telecom Italia says it tells regulators no bids received for Brazil business

Italy-based Telecom Italia told regulators that it did not get any offers for its unit in Brazil and that it intends to keep the unit. The company issued the statement in response to a request from an Italian regulator regarding Telecom Italia's plans for its Brazilian business.

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State Bank of India to raise USD1.5 billion after its quarterly profit plunged

After posting its steepest quarterly profit decline in over two years, government-owned State Bank of India announced that it will raise INR95.76 billion via a share sale to investors or follow-on public offer.

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Top deals of the deay - bids, mergers and acquisitions

The following bids, mergers, acquisitions and disposals were reported on Friday including Statoil, Cassa Depositi e Prestiti, ThyssenKrupp, Mercator, Avivasa Emeklilik, Hayat Sigorta, Banca Monte dei Paschi di Siena, Telus Corp, Atrium Innovations and John Hardy

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ThyssenKrupp to divest its steel plant in the US for up to USD1.5 billion - sources

In an article on Reuters, two unidentified sources were cited saying that ThyssenKrupp is set to divest its US steel plant and expects to obtain around USD1.5 billion from its asset sale.

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