Glenview Capital Management LLC had joined Hayman Capital Management LP in raising its stake in retailer JC Penney even after the departure of Bill Ackman last month.
Investors
FNB Capital Partners to invest in firms
FNB Capital Partners would focus on investing in mezzanine debt, private equity, subordinated notes and other financial instruments.
American Family Insurance purchases Homesite Group Inc
Traditional insurer American Family Insurance buys out online insurance provider Homesite Group Inc for USD616 million.
Mercato Partners leads investors to Series B fund round for Ingram Medical
Mercato Partners with other institutional investors provided USD30 million for an oversubscribed Series B financing round for Ingram Medical.
Stanford, Stanford Hospitals and Clinics and StartX form grant and venture fund
StartX had partnered with Stanford University and Stanford Hospitals and Clinics for a grant accelerator fund for Stanford affilated entrepreneurs.
Latest News
Russia's richest man, Alisher Usmanov, said that he had decided to reduce his Facebook holdings by selling 14.2 million shares.
This week, BlackRock Inc. had bought shares in OGX Petroleo & Gas Participacoes after its increased presence in Brazil's benchmark index.
German publisher Axel Springer withdrew from the race to bid for 30% of Deutsche Telekom's Scout24.
According to a Reuters report, the US government would likely give its approval for the Smithfield Food Corp. and Shuanghui International Holdings USD4.7 billion deal.
Versace CEO Gian Giacomo Ferraris announced that the company planned to sell a minority stake privately before launching an IPO.
Nokia had its focus redirected on network equipment manufacturing after it sold its handset units to Microsoft Corp.
KKR & Co LP said that it had agreed to purchase a property claims software firm called Mitchell International for around USD1.5 billion.
A Thailand based trader was ordered to pay USD5.2 million to settle civil charges filed against him for publicly trading call options and single stock futures before the announced acquisition plan of Shuanghui International Holdings for Smithfield Foods Corp.
According to a Delaware judge, ample time would be needed prior to the start of the trial for the Fiat-Chrysler deal.
