The union and pension fund for Hostess Brands Inc. has hired Gordian Group, an investment bank specializing in distressed cases, to help preserve jobs and workers' benefits at the bankrupt maker of Twinkies snack cakes as Hostess negotiates with buyers.
Industry
EU mergers and takeovers
Mergers under review by the European Commission and a brief guide to the EU merger process GUIDE TO EU MERGER PROCESS DEADLINES: The European Commission has 25 working days after a deal is filed for a first-stage review.
Moves in Private Equity Industry
Financial services industry appointments were announced on Thursday The following financial services industry appointments were announced on Thursday. JANUS CAPITAL GROUP INC The global investment company said Seiji Inagaki joined its board on Jan.
Entrepreneurs plan D.C. road trip to talk up immigration reform
The skilled-worker visa reform the entrepreneurs want is relatively uncontroversial San Francisco-based entrepreneur Garrett Johnson is usually too busy with his messaging start-up for much travel, but one issue has inspired him to cross the country: immigration reform.
South African private equity firm raises $800m in new fund
South Africa's Ethos Private Equity has raised $800 million for a new fund that will look for opportunities in the continent's biggest economy and its fast-growing neighbors in one of the largest amounts secured by an Africa-focused fund
Latest News
Sony Corp. sells its assets and cuts jobs for a turnaround of its business. Singed by accumulated losses and a rather gloomy scenario for electronics manufacturing, global electronics major Sony Corp.
A Montreal-based transportation and logistics company, TransForce Inc., is set to acquire Texas-based Velocity Express and its subsidiaries for approximately $35 million.
A report submitted by the U.S. House of Representatives Committee on Energy and Commerce found out that U.S. subsidiaries of foreign corporations have received around one-quarter of $16 billion from Section 1603 grant program.
Liberty Media Corp now holds nearly 50.5 percent of shares in Sirius XM Radio Inc. Liberty Media Corp gained majority control over Sirius XM Radio Inc.
CSi Complete, a provider of credible service and call center services to the automotive and insurance industries has merged with TenPoint Insurance Solutions.
Elephant Talk Communication, Corp., is set to acquire 100 percent assets of Telnicity LLC; a U.S.-based MVNE/MVNO Enabler Company from Oklahoma for approximately $1 million.
Sharp Corp. is reportedly in talks with Lenovo Group Ltd to sell its LCD TV plant in China. With an aim to boost its finances Sharp Corp, a Japanese electronics company, is reportedly in talks with Lenovo Group Ltd to sell its LCD TV plant in China.
Canada’s leading e-commerce companies TeamBuy.ca and Dealfind.com announced their merger to form one of the country’s largest online deal destinations.
Louis Dreyfus Commodities is planning to buy about 13 percent stake in Namoi Cotton Co-operative Ltd.
