Bill Stiritz, the Chief Executive Officer of Post Holdings Inc, raised his Herbalife stake to 6.4% from 5.3% and said he intends to hold discussions with Herbalife about possible strategies for financing.
Investors
Bumi Chairman says lender gives funding for Bakrie stake acquisition
Bumi Chairman Samin Tan confirmed to Bloomberg by email that a lender had given him approval to finance his acquisition of the stake held by the Bakrie Group in the Indonesia-based coal producer.
Burger King, Everstone Group ink joint venture partnership in India
Burger King Worldwide said that it has inked a joint venture partnership with South Asian private equity firm Everstone Group to bring the hamburger restaurant chain in India.
Singapore's CapitaLand to cut stake in Australand
Singapore-based firm CapitaLand, the biggest developer in Southeast Asia, announced the sale of its 59% stake in Sydney-based Australand Property Group at AUD3.865 to AUD3.750 per share.
Lone Star Funds acquires 23 buildings from State Farm Mutual Automobile Insurance Co
John Grayken's private equity company Lone Star Funds had bought 23 buildings from State Farm Mutual Automobile Insurance Co. Lone Star would be leasing the properties back to the insurer.
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Food and healthy lifestyle startup ALOHA was backed by over USD4 million in seed capital for the launching of the company's core nutritional supplement products.
Russia's state-run oil firm Rosneft is looking to acquire Morgan Stanley's oil trading business for an unspecified amount. Morgan Stanley has been trying to sell or spin off the said business unit over a year ago.
Canaccord Genuity Group Inc said it will not be making more large purchases. Instead, the Canada-based non-bank brokerage will grow its UK wealth management unit through small deals.
The Future Group was reportedly negotiating a takeover of the Bangalore-based supermarket chain Nilgiris. British private equity firm Actis Capital bought Nilgiris for USD65 million and currently owns 65% of the company.
California-based home automation startup August secured USD8 million in a Series A funding round to be used to manufacture the company's flagship smart lock product.
After its July buyback of shares held by Third Point, Yahoo! Inc has increased its share buyback authorization by USD 5 billion. The company also aims to offer convertible notes worth USD 1 billion.
US-based telecommunications giant CenturyLink acquired enterprise cloud service provider Tier 3 in a deal that improved the combined company's speed, security level, and product offerings.
Salesforce.com Inc said acquisitions help increase the company's sales in the third quarter. Salesforce posted third quarter revenues of USD 1.08 billion, which represented a 35% increase compared to figures from the previous year.
Dianping's co-founder Edward Long recently revealed at the TechCrunch/Technode event in Shanghai that it rejected an acquisition offer of less than USD100 million from Google China.
